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MegadealsSubsidy Tracker Individual Entry
Company: Challenge Manufacturing Company
Parent Company:
Subsidy Source: state
Location: Michigan
City: Pontiac
Address: 2100 South Opdyke Rd. Pontiac
Zip: 48341
Project Description: Michigan Business Development Program Challenge Mfg. Company, LLC, is a leading Tier 1 manufacturer of engineered modular assemblies and metal formed products and for the automotive industry. Headquartered in Walker (Kent County), the company operates four facilities in West Michigan with more than 2,000 employees. As a result of new contracts, Challenge Mfg. needs to establish new assembly operations and plans to construct a 400,000 square-foot facility in the City of Pontiac. The project will generate a total capital investment of up to $50 million and create 450 new jobs, resulting in a $2.5 million Michigan Business Development Program performance-based grant. Michigan was chosen over a competing site in Ontario. The city has offered support to the project in the form of brownfield tax increment financing reimbursement to be administered through the Oakland County Brownfield Authority and property tax abatement.
Year: 2014
Subsidy Value: $1,500,000
Program Name: Sales & Use Tax Exemption
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 450
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.