On Monday, June 13, the Michigan Economic Development Corporation (MEDC) announced two business expansion projects expected to create 68 new jobs and generate a total private investment of $7.7 million in Cadillac and Fenton City. The two projects have received support from the Michigan Strategic Fund.
“Today’s investments by American Recreational Products and Rexair will create a combined 68 good-paying jobs for Michiganders as we continue growing Michigan’s economy and investing in every region of the state,” Whitmer said in a press statement.
“The decisions by American Recreational Products and Rexair to expand in Michigan highlight the enduring strength of Michigan’s value proposition: a talented workforce, diverse industries and the business environment focused on long-term economic growth,” said Quentin L. Messer, Jr., CEO of MEDC and president and chair of the MSF Board. “These projects are representative of our holistic, people-first approach to economic development that rewards risk-takers while further securing Michigan’s leadership in the industries that will propel our economy into the future and benefit more Michiganders.”
American Recreational Products is a subsidiary of National Composites, a manufacturer of composites and plastics for John Deere, Navistar, Crest Marine, Avalon Pontoons and more. The company has three locations in Michigan and employs more than 150 residents.
American Recreational Products’ facility in Owosso has reached its capacity with no options to expand. The company has identified an existing facility in the city of Fenton that can accommodate its existing business as well as a new fiberglass product line.
Michael Hart, assistant city manager and executive direction of the Fenton Downtown Development Authority (DDA), said the new business would be located in the city’s Business and Technology Park.
Hart said this week’s announcement was somewhat of a surprise to him and the city. He said there had been talking about the possibility of the businesses expanding in Fenton, but there hadn’t been anything official until now. He added, “It’s awesome, very good news.”
The project is expected to generate a total capital investment of $4 million and create 59 jobs, supported by a $250,000 Michigan Business Development Program performance-based grant.
According to National Composites, American Recreational Products in Fenton will soon be manufacturing Paddle Wheeler Pedal Boats and BOKA e-boats.
American Recreational Products employs many veterans and uses local schools to reach talent in disadvantaged areas and underrepresented employees.
The city of Fenton anticipates approval of a five-year Industrial Facilities Tax Abatement in support of the project. Individuals interested in careers with American Recreational Products should visit https://nationalcomposites.com/careers/.
Due to supply chain overseas, Rexair is bringing manufacturing of certain products back home to Michigan. Rexair plans to expand at its facility in the city of Cadillac, where it will install nine new injection molding machines. The project is expected to generate a total capital investment of $3.35 million and create nine jobs, supported by a $48,000 Michigan Business Development Program performance-based grant.