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MegadealsSubsidy Tracker Individual Entry
Company: Medbio, Inc.
Parent Company:
Subsidy Source: state
Location: Michigan
City: Caledonia
Address: 5346 36th Street Caledonia
Zip: 49316
Project Description: Michigan Business Development Program: Medbio, Inc.plans to expand its Michigan presence to support new business opportunities. Medbio was established in Grand Rapids in 2004. The company manufacturers a variety of medical devices and continues to expand their customer base as well as their investments in Michigan.The Company's owners purchased another business in Kalamazoo County so they could bring their tooling needs in house. This purchase has also increased their customer base. The Company will expand its facilities in Cascade Township building on to their existing facility at 5346 36th Street SE, Grand Rapids, Michigan. The Project will involve capital investment of approximately $3,393,000 in the form of new construction, building renovations, annual lease cost, machinery and equipment, furniture and fixtures, and computers and expects the creation of 45 Qualified New Jobs. Cascade Charter Township will consider support in the form of a property tax abatement.
Year: 2014
Subsidy Value: $51,000
Program Name: Sales & Use Tax Exemption
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 45
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.