Traverse City Record-Eagle

Business

December 22, 2013

Business in Brief: 12/22/2013

Six job training agreements approved

TRAVERSE CITY — NMC’s Board of Trustees recently approved training agreements with six regional companies that will create 93 new jobs by 2018.

The agreements range from five to eight years, and fully leverage the current allocation of $500,000 available to NMC through the New Jobs Training Program passed by the Michigan Legislature in 2008. The agreements bring to 297 the number of new jobs created in northwest Michigan since NMC inked its first agreement with Electro Optics Technology in 2010. All jobs must pay above $12.95 per hour.

Electro-Optics, a Traverse City manufacturer of semiconductors and other components of laser systems is again among the six approved Monday. They have expanded their initial agreement to create 21 news jobs by 2016. Hagerty Insurance, which initially signed an agreement in 2012, also expanded its 2012 initial agreement and will create 31 jobs by 2016.

The other four new companies are:

n Hayes Manufacturing Inc., Fife Lake, mechanical power transmission equipment manufacturing — Three new jobs by 2018

n Materne North America, Grawn, fruit processing — 17 new jobs by 2016

n Skilled Manufacturing, Traverse City, Aircraft and motor vehicle parts — 13 new jobs by 2016

n TentCraft Inc., Traverse City, textile bag and canvas mills — Eight new jobs by 2016

Other companies that have created new jobs through training agreements with NMC include Armor Express in Central Lake, Moran Iron Works, Inc. in Onaway, Precision Edge Surgical Products LLC in Boyne City, Shoreline Fruit LLC, Century Extrusion and Century Inc. in Traverse City

2 companies to invest $28.6M, add jobs

LANSING — Two companies planning to invest up to $28.6 million in Michigan will get support for expansion efforts from the state, officials announced.

The Michigan Economic Development Corp. said Circuit Controls Corp. and North American Lighting Inc. are getting incentives approved by the Michigan Strategic Fund. According to the state, the expansions could mean 112 new Michigan jobs.

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