Firstronic Staffs Up With Development Grant
Published: September 18th, 2013
With the assistance of a development grant, Firstronic LLC is planning to invest $2.45 million in infrastructure, and add 110 new jobs.
The Grand Rapids. MI-based contract electronic component manufacturer has received a $300,000 Michigan Business Development Program performance-based grant, it was announced by The Right Place, Inc., in collaboration with The Michigan Economic Development Corporation (MEDC), and the City of Grand Rapids.
The grant will allow the job additions at the company’s 35,000 SF facility at 1655 Michigan Street in Grand Rapids. The new jobs will be full-time and will include benefits. The positions will range from engineers to technicians, entry-level electronic assembly operators, and skilled hand solderers. Today, Firstronic employs 68 people in Grand Rapids.
Additionally, the company plans to invest $2.45 million for building renovations, machinery and equipment.
“This expansion will allow us to add both capacity and equipment to keep up with our growing business and customer demand,” said John Sammut, Firstronic’s CEO. “We are grateful to The Right Place, MEDC, and City of Grand Rapids for trusting in our vision and assisting in our growth in Grand Rapids.”
Firstronic serves a variety of industries, but it is the company’s focus on medical device manufacturing that has local economic development officials particularly excited.
The City of Grand Rapids has offered local tax abatements in support of the project.
“Firstronic’s high-tech electronic manufacturing capabilities are an important part of the medical device industry we are developing here in West Michigan,” said Birgit Klohs, president and CEO, The Right Place, Inc. “As part of our five-year strategic plan, we are committed to building world-class medical device companies and capabilities in the region.”
The Right Place is a regional non-profit economic development organization founded in 1985 and supported through investments from the private and public sector. Its mission is to promote economic growth in the areas of quality employment, productivity and technology in West Michigan by developing jobs through leading business retention, expansion and attraction efforts.
With this latest economic development project, The Right Place, working with its local and state partners, has generated $51,369,845 in capital investment and assisted in the retention and creation of 1,355 jobs in West Michigan in 2013.
“This latest expansion project reaffirms The Right Place’s commitment to creating high-quality jobs in West Michigan and the vital role they play in the region’s long-term economic growth strategy,” said Michelle Van Dyke, regional president, Fifth Third Bank, and Board Chair, The Right Place, Inc. “The collaborative spirit in which they operate with public and private partners is why we are celebrating this win for the Grand Rapids community today.”
The Michigan Business Development Program provides grants, loans, and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.
Firstronic provides advanced electronics manufacturing services and optimized supply chain solutions for companies in a wide range of industries including automotive, industrial, and medical device. The firm’s facility features state-of-the-art equipment and a seasoned management team with an average tenure of 20 years. Firstronic is registered to ISO 9001:2008 and ISO/TS 16949.