Calumet Electronics plans to expand its manufacturing facility for next-generation advanced electronic components which will create 80 new jobs.
The project, which is supported by a $600,000 Michigan Business Development Program performance-based grant, is expected to generate a total capital investment of $6.5 million and create 80 manufacturing and engineering jobs.
Governor Gretchen Whitmer and the Michigan Economic Development Corporation announced Michigan Strategic Fund approval of a wide range of projects across the state.
Governor Whitmer said: “Today’s approvals will create 420 good-paying jobs for Michiganders, build on our leadership in key industries, and support vibrant communities across Michigan,”
Whitmer said: “These automotive, semiconductor, and automation projects in Capac, Calumet, and Holland will help us continue growing our economy and delivering on the kitchen-table issues including affordable housing.
“I am proud of our economic development efforts that are a direct result of the bipartisan collaboration last December.”
The Michigan Strategic Fund today approved funding for the Semiconductor Apprenticeship Network Program, which aims to address a shortage of semiconductor workers, including a $1.5 million Community Development Block Grant (CDBG) CARES Act grant to the SEMI Foundation to plan and develop the program over two phases.
Governor Whitmer said: “Michigan is one of only three states working to define curricula to support employers in the semiconductor industry.
With this new apprenticeship program and our global manufacturing and automotive R&D leadership, we are leading the charge in addressing the universal industry demand for semiconductors while creating good-paying jobs for Michiganders”.
The Michigan Strategic Fund also approved $1.5 million in CDBG-CARES funds for the MiREV EV Jobs Academy planning grant.
The Michigan Strategic Fund awarded Calumet Electronics $2 million in Community Development Block Grant funds through Calumet Township to help offset machinery and equipment costs.
Calumet Electronics Vice President and Chief Operations Officer Todd Brassard said: “MEDC, along with the Keweenaw Economic Development Alliance, has been very supportive of Calumet Electronics throughout this very critical process, we are committed to continually advancing Michigan’s role in electronics manufacturing.”
By standing up manufacturing capability for these types of components, Calumet is reducing American reliance on Asia to put semiconductors into service, especially in national defense applications.
Low- to moderate-income staff will hold 51 percent of new employment related to the new facility and expanded activities, as required by federal law with CDBG monies. Calumet Township is assisting the project by acting as the CDBG funding applicant.
InvestUP Chief Executive Officer Marty Fittante said: “This expansion is critical to the growth and recruitment of talented workers for a company that is in a critical industry and critical to the region,”
“We are grateful to the MEDC CEO Quentin Messer, and his team for the partnership and leadership. This opportunity will result in new jobs for a community that, while blessed with an unbeatable quality of life, really needs good-paying, family-sustaining jobs.”
What is Calumet Electronics Corporation?
Calumet Electronics Corporation is an award-winning research, design, engineering, and manufacturing company specializing in high-quality printed circuit boards.
Where is it based? The company has its headquarters located in Michigan, United States
How many staff does it have? It employs nearly 500 people.
What is its annual revenue? The firm’s revenue is around $36 Million.
Source: Upper Michigan source