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MegadealsSubsidy Tracker Individual Entry
Company: ZYNP International Corporation
Parent Company:
Subsidy Source: state
Location: Michigan
City: Romulus
Address: 30610 Ecorse Romulus
Zip: 48174
Project Description: Michigan Business Development Program: ZYNP International Corporation is a global automotive supplier that manufactures cylinder liners for gasoline and diesel engines. ZYNP plans to expand its existing operations as well as add a new R&D center in the City of Romulus, investing $9.5 million and creating 51 new jobs. As a result, the company is being awarded a $350,000 Michigan Business Development Program incentive in the form of a performance-based grant. Michigan was chosen over a competing site in Texas. The City of Romulus is prepared to recommend a property tax abatement in further support of the project.
Year: 2013
Subsidy Value: $500,000
Program Name: Industrial Property Tax Abatement
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 51
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.