Tax credit for West Michigan foundry helps pave way for 70 ‘green’ jobs
As Michigan poises on the cusp of a new industry for manufacturing alternative energy components, one Rothbury company leads the way with plans to add 70 skilled labor jobs.
As Michigan poises on the cusp of a new industry for manufacturing alternative energy components, one Rothbury company leads the way with plans to add 70 skilled labor jobs.
According to excerpts from the story:
ROTHBURY — When you hear “green jobs,” you may not automatically think “gray-iron foundry.” But a Rothbury foundry is expected to add 70 jobs thanks to a state-supported project that will help it make iron castings used in windmills. Carlton Creek Ironwoods LLC, formerly Kurdziel Industries, won approval Monday from the Michigan Economic Growth Authority for a Rural Employment Tax Credit valued at $1.63 million over seven years.
That income-tax credit will make possible an investment in new furnaces and other equipment estimated at $10.3 million over five years. The new equipment will enable the foundry to make the higher-grade ductile iron needed for windmill parts, according to Ken Zach, Carlton Creek’s chief executive officer.
Read the complete story here.
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