Subsidy Tracker Individual Entry
Company:
Anchor Coupling, Inc.
Parent Company:
Caterpillar
Subsidy Source:
state
Location:
Michigan
City:
Menominee
Address:
5520 13th Street Menominee
Zip:
49858
Project Description:
Michigan Business Development Program - Anchor Coupling, Inc., established in 1938 in the Chicago area, moved its corporate offices to Menominee in 1978 and has been a wholly owned subsidiary of Caterpillar Inc. since 1993. The company is a manufacturer of high and medium pressure hydraulic hose and coupling assemblies for large and small original equipment manufacturers including Caterpillar. The company plans to purchase a building adjacent to its existing facility in the City of Menominee, investing more than $9 million and adding up to 120 new jobs. Earlier today at a celebration at Anchor Coupling???s Menominee facility, Gov. Rick Snyder announced that the Michigan Strategic Fund has awarded the company a $1 million Michigan Business Development Program performance-based grant. Michigan was chosen for the expansion over other sites in the U.S. and Mexico. Individuals interested in career opportunities with Anchor Coupling should visit
Year:
2014
Major Industry of Parent:
heavy equipment
Specific Industry of Parent:
construction equipment
Subsidy Value:
$874,000
Program Name:
Industrial Property Tax Abatement
Awarding Agency:
Michigan Economic Development Corporation
Type of Subsidy:
property tax abatement
Number of Jobs or Training Slots:
110
Source of Data:
Notes:
Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
