Subsidy Tracker Individual Entry

Company: 
Integrated Manufacturing & Assembly, LLC
Parent Company: 
Lear
Subsidy Source: 
state
Location: 
Michigan
City: 
Detroit
Address: 
6501 E. Nevada St. Detroit
Zip: 
48234
Project Description: 

Michigan Business Development Program - Integrated Manufacturing and Assembly manufactures and assembles automotive seating components. The company plans to expand operations at an existing facility, install new machinery and equipment and expand into a new facility in the City of Detroit as well as expand into a new building in the City of Highland Park. The company plans to invest $32.4 million and create 1,089 new jobs, resulting in a $4.6 million Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Indiana and Ohio. The City of Detroit and the City of Highland Park have offered 12-year property tax abatements for the project.

Year: 
2013
Major Industry of Parent: 
automotive parts
Specific Industry of Parent: 
automotive parts
Subsidy Value: 
$943,000
Program Name: 
New Personal Property Exemption
Awarding Agency: 
Michigan Economic Development Corporation
Type of Subsidy: 
tax credit/rebate
Number of Jobs or Training Slots: 
1,089
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.