Wright Plastic Products Company Investing $3.275 Million and Adding 19 Jobs in St. Clair, Michigan

St. Clair, Michigan  

Wright Plastic Products Company plans to add 14,400 square feet to its St. Clair Facility, investing $3.275 million and creating an additional 19 jobs in St. Clair County, Michigan.  The company, which specializes in plastic injection molding, produces a variety of custom plastics parts in the automotive, recreational vehicles, marine, and consumer markets. 

A $160,000 performance-based grant has been approved by Michigan Strategic Fund Board (MSF) a division of the Michigan Economic Development Corporation (MEDC).   Michigan was selected over a competing site in Tennessee (where the company has a location).  The City of St. Clair has offered a “staff, financial, or economic commitment to the project” in the form of a tax abatement estimated to be worth $143,000.  These incentives will help offset overall costs of doing the project in Michigan.   

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$121,000 Gatekeeper Grant Awarded to EDA for The Underground Business Incubator & Service Center

The Michigan Strategic Fund has approved a $121,000 two-year Gatekeeper Grant to the Economic Development Alliance of St. Clair County.  The EDA will use the funds to hire a manager for The Underground Incubator and Business Service Center which is located in the basement of the Sperry’s Building at 301 Huron Ave. in Port Huron.

“Gatekeeper Grants play an important role in building a thriving entrepreneurial ecosystem across our state,” said Fred Molnar, Vice President of Entrepreneurship and Innovation at MEDC. “The Gatekeepers that have been funded to date have been highly successful in connecting entrepreneurs with the resources available to them, and we’re looking forward to seeing similar results in Port Huron.”

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I-69 Thumb Region Announces 2017 Catapult Business Competition - Call For Entries

The I-69 Thumb Region, a seven county partnership, today announced the launch of the I-69 Thumb Region’s Catapult Your Business Competition.  This unique competition is both local and regional.  Each of the seven counties in Region 6 will host a local competition, and the winners will move on to the regional competition.  There will be cash prizes for the local and regional winners totaling $30,000.  The competition has been expanded upon a version held last year specifically for Craft Food & Beverage businesses.

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Blue Meets Green Announces New Regional Priorities

Port Huron, MI –May 2  2017---   With feedback from 90 stakeholders at a half-day retreat held in February, Blue Meets Green (BMG) has announced their fourth round of regional priorities for St. Clair County.  Among 13 possible new initiatives considered and evaluated by the group, the top 7 new priorities will be;

  1. Michigan Stage Festival
  2. A new regional brand and communication strategy
  3. Launch a coding school or boot camp
  4. A new Main Library in Port Huron
  5. County-wide business plan competition for K-12 students
  6. A new pre-seed investment fund for business start-ups
  7. A Transloading & Crossdock facility

In addition to these seven new priorities, BMG will carry-over the following projects from the Phase 3 Plan;

  • Marysville DTE site development
  • St. Clair Inn development
  • Redevelopment of the site occupied by the former Art Van store in downtown Port Huron
  • Development of a new Amtrak Station in Port Huron Township

Blue Meets Green was launched in 2009 as a large collaboration of representatives from the private, government, public, education and nonprofit sectors who came together to create a road map of prosperity and growth for St. Clair County.

“That was a first for this region,” said BMG Co-Chair and County Board Chair, Jeff Bohm.  “Our region had never had such a large collaborative effort such as this,” Bohm added. 

Dan Casey is the CEO of the EDA, and has already seen results from this new list of priorities.  “The new pre-seed investment fund for businesses start-ups has already received $20,000 in support from the Community Capital Club (C3) of the Community Foundation,” Casey said.  “Having this clarity of focus in terms of what is important for regional prosperity allows multiple partners to be engaged in our growth,” he added.

While every project has a specific champion or lead organization, they are all at different phases of development and timing.  The project receiving the most votes is the concept of Michigan Stage Festival based out of Marine City and St. Clair.  According to Kathy Vertin, the Stage Festival will require significant financial support and could take a year or more to put into place.

 

           

 

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Emerge Fund Winners - $20,000 Awarded to Area Entrepreneurs

St. Clair County, Michigan – The Underground business incubator and business service center is awarding a combined $20,000 in entrepreneurial assistance to four area entrepreneurs as a result of an Emerge Fund pitch night held on Wednesday, April 12, in the new facility located below Sperry’s Moviehouse.   

During the event, a business pitch was made by each of the four small businesses in front of a review panel; along with other invited spectators, including Community Capital Club (C3) members to determine eligibility for emerge funds.

We are pleased to congratulate all four companies on an outstanding job and approval of emerge grant funding and acceptance into the Underground virtual incubation program. 

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US Farathane, LLC is expanding in Port Huron, Investing over $15 Million and adding 205 Jobs

US Farathane, LLC - is a global automotive supplier that supplies to the automotive industry, including OEMs and Tier 1 suppliers. 

“The company has been awarded several new contracts to manufacture interior and under-hood components and plans to expand two of its Michigan subsidiaries,” said CFO of US Farathane, Jim Gregory.  As a result, US Farathane Port Huron plans to lease an additional facility in the city of Port Huron, investing up to $15,065,000 over the next 3 years and creating 205 jobs.

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Michigan Specialty Coatings, St. Clair, MI - Receives Two National Awards

St.Clair, Michigan – April 24, 2017  

Michigan Specialty Coatings, located in St. Clair, Michigan has been recognized with two national awards from CoatingsPro Magazine.  Industry winners were recently announced in New Orleans at the 2017 inaugural Contractor Awards Program designed to showcase and recognize the projects and crews that demonstrate excellence in the field of high-performance coatings.

The first award received by Michigan Specialty Coatings was a second place award in the Industrial Concrete category for the company’s adept plastics containment trenches (view here).  The company also received a third place award in the Commercial contract Category for Brondes Ford Project  (view here).   

CoatingsPro Magazine is a bi-monthly publication ready by more than 26,000 industrial and commercial contractors, engineers and specifiers in 16 unique market segments of the coatings industry. 

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P.J. Wallbank Springs, Inc. - Honored as One of the 2017 "Michigan Companies to Watch"

(Port Huron, MI) – P.J. Wallbank Springs, Inc. has been recognized as one of the 2017 “Michigan 50 Companies to Watch,” an awards program presented by Michigan Celebrates Small Business.

P.J. Wallbank Springs, Inc. will be honored at an awards ceremony during the twelfth annual Michigan Celebrates Small Business gala event, May 4, 2017 in Lansing, Mich.

P.J. Wallbank Springs, Inc., founded 35 years ago in Port Huron, is the global leader in the design and manufacture of spring packs for automatic transmissions. An engineering focused company, the organization started by designing and building its own proprietary manufacturing equipment in order to produce its spring packs, a strategy it continues to utilize to this day. Today, the organization exports 40% of its production outside of the United States, with over 60% of its export volume being shipped to China. Core to the organization’s long term success, has been the organization’s people.

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Community Capital Club (C3) grants $20,000 to Entrepreneurial Emerge Fund

St. Clair County, Michigan -- The Community Capital Club (C3) of St. Clair County is pleased to announce it will grant $20,000 in pre-seed funding to the Economic Development Alliance of St. Clair County to support entrepreneurial development in the region.  The grant and additional funding from EDA will form the new Emerge Fund in support of virtual clients of The Underground Incubator and Business Service Center.

The Community Capital Club is a component fund of the Community Foundation of St. Clair County. “We’re proud to be part of the effort to grow our local entrepreneurial community,” said Mike Wendling, Chair of C3 and a board member of the Community Foundation.  “Local entrepreneurs are often deeply vested in their communities and its people.  If an entrepreneur becomes successful and we are able to be a small part of that, it’s like the gift that truly keeps on giving.  The dividends back to our community have a return on investment that cannot be measured simply in jobs or new business starts."

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Investment firm Otsi Keta Capital feels right at home in St. Clair

Managing partners of Otsi Keta Capital LLC, have found advantages to doing business in St. Clair. Who needs to be based in Chicago when you can call St. Clair, Mich., home? That's the philosophy of Otsi Keta Capital LLC, a boutique investment firm in St. Clair that relocated from Chicago to St. Clair in 2011.  View the full article featured in Crain's Detroit Business here: http://www.crainsdetroit.com/article/20170312/NEWS/170319975

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