There has been a lot of talk in the news over the last few years about the Michigan automotive industry. There has been alot of bad news and small snippets of good news. Today it came to our attention that an automotive company called Coastal Automotive is not only hiring, but expanding into Grand Rapids. They were offered a grant and this caused the company to choose Michigan over some other options that have been appealing to other manufacturers. Here is a clip from the article on mlive.com
The project was awarded a $436,000 Michigan Business Development Program performance-based grant by the Michigan Strategic Fund Board on Wednesday, Oct. 12.
The company is looking for workers with CNC programming and mechanical trade skills. Starting pay will about $13 an hour, but employees will able to see their wages rise to $15 an hour quickly, Clarence Martin, the company’s president, told MLive and the Grand Rapids Press, in June.
Michigan was chosen over competing sites in Texas and Mexico, the Michigan Economic Development Corp. said in its announcement. The city of Holland is supporting the project with a tax break on property taxes. Via mlive.com
Image from mlive.com
This exciting news for Michigan as it is just one small step forward to rebuilding the American auto empire that once was. There are of course many hurdles jump and a long road ahead, but slowly Michigan can get there.
Unfortunately, though our opinion is challenged by others, Business Insider just released a report saying that the auto industry is on a decline. We acknowledge this may be true across the board, but with new jobs opening up in Michigan we see another side of it. But to be fair here is what Business Insider had to say…
After a record-breaking 2015, the hot air is audibly hissing out of the auto industry. September sales were down 0.5% from a year ago. Year-to-date sales were about flat. Some individual models got clobbered. Inventories are piling up on dealer lots. Automakers lavished incentives on the market. Nothing worked.
Yet, auto production in September had jumped 7.3% year-over-year, according to the industrial production report this morning. In my article earlier today on this phenomenon [Is this Why US Industrial Companies Don’t Invest?], I explained: “Something has to give: either a miraculous jump in sales or a cut in production.”
In conclusion we are excited to see new growth coming to our local region, and hope that this is just another notch closer to re-establishing the flourishing economy that once was a center piece to the Michigan lifestyle and culture.
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