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MegadealsSubsidy Tracker Individual Entry
Company: SMR
Parent Company:
Subsidy Source: state
Location: Michigan
City: Marysville
Address: 1875 Busha Highway Marysville
Zip: 48040
Project Description: Michigan Business Development Program: SMR Automotive Systems, USA, Inc. is a Tier 1 automotive supplier of rear vision systems. The company plans to expand its facility in the City of Marysville by adding a paint line and new equipment and reconfiguring the existing space. The company also plans to purchase a 100,000 square foot warehouse in the City of Port Huron. SMR plans to invest $40 million and add 350 new jobs related to the projects, resulting in a $4 million Michigan Business Development Program performance-based grant. The City of Marysville is providing property tax abatements in support of the project.
Year: 2013
Subsidy Value: $2,078,000
Program Name: Sales & Use Tax Exemption
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 366
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.