Subsidy Tracker Individual Entry

Company: 
Ventra Ionia Main, LLC
Parent Company: 
Flex-N-Gate
Subsidy Source: 
state
Location: 
Michigan
City: 
Ionia
Address: 
14 N. Beardsley Rd. Ionia
Zip: 
48846
Project Description: 

Michigan Business Development Program: Ventra Ionia Main, LLC plans to expand its Michigan presence to support new business. The Company will expand its facilities in the City of Ionia. This addition will require new assembly lines, welding lines, and welding robots that require incremental manpower. The average yearly wage for these expected jobs is to be $32,000 per year with overall job creation of 144 Qualified New Jobs by the end of 2016. The Project will involve capital investment of approximately $8.5 million in the form of new construction and machinery. The City of Ionia is supporting a property tax abatement.

Year: 
2014
Major Industry of Parent: 
automotive parts
Specific Industry of Parent: 
automotive parts
Subsidy Value: 
$814,000
Program Name: 
Industrial Personal Property Tax Relief
Awarding Agency: 
Michigan Economic Development Corporation
Type of Subsidy: 
property tax abatement
Number of Jobs or Training Slots: 
144
Notes: 

Year is fiscal year. Jobs is sum of new and retained positions.

Source Notes: 
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