(FLINT, MICH. – March 11) Today, the I-69 International Trade Corridor Next Michigan Development Corporation (NMDC) recognized eight Genesee and Lapeer county companies for contributions to the economic growth of the I-69 International Trade Corridor during the corporation’s annual meeting. 

“Each of the companies recognized today has made a significant investment of dollars and jobs within the Corridor,” said Paul Brake, Chair of the I-69 International Trade Corridor NMDC and City Manager for the City of Grand Blanc.  “The goal of the NMDC is to promote economic growth along the I-69 Corridor and we want to acknowledge companies that are making a commitment to expanding in the region.”

The I-69 NMDC includes 36 municipalities in Genesee, Lapeer, Shiawassee and St. Clair counties.  The board governs the NMDC and consists of members from the participating governments and one member from each governmental unit.

Companies from both Genesee and Lapeer counties received certificates of recognition for their investments in the region.  The recognized companies include:

 CFI Medical Solutions – The Flint-based company invested $4.8 million, retained 30 jobs and added 4 new jobs.

 TMI Climate Solutions, Inc. – Based in Grand Blanc Township, TMI invested $6.2 million, retained 154 jobs and created 30-50 additional jobs in the next two years.

 Signs by Crannie – The Flint Township-based company invested more than $2.4 million and will add more than 30 jobs over the next six years.

Lapeer Plating & Plastics, Inc. – The Lapeer-based company has made a $1.3 investment and will add 50 jobs.

 Cooperative Elevator Company – Based in North Branch, Cooperative Elevator Company invested $1.6 million and will retain three full-time employees while adding one new job.

 Pinnacle Foods Group, Inc. – The Imlay City-based company invested $15.1 million and added 29 full-time jobs and 500 seasonal jobs.

 Kamax, L.P. – The Mayfield Township-based company invested $6.9 million and added nine new jobs.

 Global Impact Group – Based in Mundy Township, Global Impact Group was the Global Trader of the Year in 2012 and is a major importer and exporter for Volkswagen America.

The I-69 Corridor NMDC board has the authority to recommend various tax incentives to stimulate business growth or establish a new location within the NMDC territory.  The Next Michigan Development Act allows the NMDC, on a project-by-project basis, to recommend a Renaissance Zone, real and personal property tax exemptions and other tax credits to qualifying businesses.

There are five designated Next Michigan Development Corporations including metro Detroit, Lansing, I-69 Corridor, Western Michigan and Grand Traverse.  The Next Michigan Development Act allows for up to five NMDCs in the state to be granted by the Michigan Strategic Fund in cooperation with the MEDC.