As STEC USA has been chosen by General Motors (IW 500/5) as a supplier for a few programs, the company had decided to build a new headquarters and manufacturing operations in an existing facility in Madison Heights, Mich.
The company, which is a subsidiary of Chinese automaker Shanghai Automotive Industry Corp. (SAIC), produces power window regulators, electronic horns and other electronic parts.
The new operation, which will include research and development, warehousing and assembly in addition to manufacturing window regulator components, will add 176 new jobs.
“STEC USA’s decision to establish its North American headquarters in Michigan tells global companies that Michigan holds great opportunities for growing their business,” said Michigan Economic Development Corp. CEO Michael A. Finney. “Michigan leads the country in new manufacturing jobs creation, and the new jobs resulting from this investment will keep us moving in the right direction.”
Gov. Rick Snyder first discussed Michigan’s advantages as an expansion location with SAIC leadership in Shanghai, China during trade missions to China in 2011 and 2012. Snyder is currently leading a state delegation on a seven-day investment mission to China this week to build upon recent successes in attracting new job-creation business investments to the state.
The project will generate a total capital investment of nearly $15.1 million including a $700,000 Michigan Business Development Program performance-based grant. The city of Madison Heights has offered support to the project in the form of locally established programs including “I-Connect” and/or the use of local brownfield grant funds.