With the help of an industrial facilities tax abatement (IFT), Dynamic Plastics is expanding its operations in Chesterfield Township.
Dynamic Plastics is a full-service provider of tooling and injection molding solutions, including research and development to design and build customer prototypes.
On May 14, Dynamic Plastics received a 10-year tax abatement on the new real property investment with the help of Macomb County Planning and Economic Development (MCPED). The company purchased property adjacent to its current facility and will add a 32,000 square-foot addition. With a total investment of $5.3 million in real and personal property, the company will now have 70,000 square feet of operating space and will create 27 additional jobs, for a total of 83 employees.
This marks the second time MCPED has helped Dynamic Plastics receive an IFT. In May 2001, MCPED helped Dynamic Plastics receive an industrial facility tax abatement on its original facility.
MCPED connected Dynamic Plastics with Michigan Economic Development Corporation, Michigan Works!, and Macomb Community College to help find and train its new workforce.
The new building is expected to be completed this summer.
Is your company looking to expand its operations? If so, contact our economic development team at 586-469-5100 for free and confidential assistance.
