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Lenawee Stamping Corporation Announces Investment in Tecumseh, Michigan

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Lenawee Stamping Corporation Announces Investment in Tecumseh, Michigan

To help enable this investment, Lenawee Stamping received approval from the Michigan Economic Growth Authority (MEGA) Board at its April 20th meeting for a Michigan Business Tax credit.  Additionally, the City of Tecumseh anticipates approval of a 12-year tax abatement to support the project.  Lenawee Stamping has worked closely with the City of Tecumseh, the Michigan Economic Development Corporation (MEDC), the Lenawee Economic Development Corporation (LEDC) and South Central Michigan Works to create these jobs here in the county. 

“We are grateful to Lenawee Stamping Corporation for its continued investment in our community.  The $2.5 million investment and the creation of 78 new jobs will have an important positive impact on Tecumseh, Lenawee County and the surrounding area,” said Tecumseh’s Mayor, Harvey E. Schmidt.  “The MEDC and the LEDC continue to be vital partners in the development and growth of Tecumseh’s economic base.”

This growth comes on the heels of another MEGA award Lenawee Stamping received in April of 2009 for a $6.6 million investment to expand local plant operations that created over 81 new jobs at the Tecumseh facility.  The MEGA tax credit is a performance based tax credit for eligible projects creating at least 50 jobs that are new to Michigan.

 “Lenawee Stamping Corporation’s commitment to invest $2.5 million and create 78 new jobs over the next five years is a testament to Tecumseh’s competitive business climate and outstanding workforce,” said LEDC President and CEO, Jim Gartin.  “The LEDC is proud to have partnered with the City of Tecumseh to retain and grow these jobs in Lenawee County.”

 

Contacts:

Kevin Welch

City Manager

City of Tecumseh, Michigan

517-424-6555

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Paula Holtz

Economic Development Director

City of Tecumseh, Michigan

517-424-6003

This email address is being protected from spambots. You need JavaScript enabled to view it.