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MegadealsSubsidy Tracker Individual Entry
Company: Capital Welding, Inc.
Parent Company:
Subsidy Source: state
Location: Michigan
City: Detroit
Address: 20101 Hoover St Detroit
Zip: 48205
Project Description: Michigan Business Development Program-Capital Welding Inc. is a world-wide supplier of manufactured fixtures, gauges, tools and machined parts for the aircraft, aerospace, and defense industries. The Company has plans of moving from their current location in Warren, Michigan to a larger facility located in the City of Detroit within Wayne County. The Company plans on creating 100 new jobs over 3 year paying an average expected wage of $60,000 per year. The Company plans on investing $20,030,000 through purchases of building, building renovation, machinery and equipment, furniture and fixtures, computers, and special tooling. As a result a $600,000 Michigan Business Development Program performance base grant was awarded. The City of Detroit will consider support in the form of tax abatement.
Year: 2014
Subsidy Value: $2,043,000
Program Name: Industrial Property Tax Abatement
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 100
Source of Data:
(click here)
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.