A Grand Rapids company is planning a major expansion. Michigan's Economic Development Corporation approved tax incentives for the company Tuesday.
Dematic North America designs and manufactures automated systems for all kinds of industries. It's investing roughly $11 million dollars in new equipment and technology - and creating more than 500 new jobs in the next 5 years. Around 74 will be created in the first year. The jobs include engineers, sales, research and development, production and adminstration. The company estimates the average pay is about $872 per week.
Michigan's Economic Development Corporation approved the tax incentives Tuesday in exchange for the company investing in the state. The tax breaks amount to just under $1 million.