W Industries, a premier value-added fabricator of manufactured products
ranging from defense, aerospace, automotive and industrial sector OEM's
is investing $18.6 million in a 200,000-square-foot expansion at its
manufacturing and headquarters location in the City of Detroit. The
proposed expansion is expected to create 100 new jobs over the next two
years. Since 1981, W Industries has experienced consistent growth that
was driven by their innovative yet, adaptable processes. Started
primarily as an automotive supplier that focused on steel racks,
containers and welded components, W Industries recently diversified its
operations by making aggressive forays in the US Government's defense
industry.
Based on
DEGC's recommendation, the Detroit City
Council approved a 12-year Personal Property Tax Abatement on the
company's proposed investment. In addition to the tax incentives, the
DEGC sought the assistance of the City of Detroit Workforce and
Development Department to help the company identify residents in the
city that would qualify for the company's expanding workforce.
Together, the targeted assistance of DEGC's Business Retention Team,
the City Council's approval of tax abatements and the efforts of the
Workforce and Development Department demonstrated the City's commitment
to creating a competitive advantage for Detroit-based companies and
encouraging growth in new industry initiatives.
"We wanted to
assure W Industries that Detroit values its presence in the city and is
committed to supporting its continued growth within the city," said
George Jackson, president and CEO of
DEGC. "I want to thank the company
for giving us a chance to demonstrate that we've got the right
locations and right team to make their investment in Detroit a sound
business decision."
Presently, W Industries employs 368
workers in the City of Detroit, of which 80 percent are City residents.
Through this expansion the company anticipates both new hires and
internal opportunities for advancement, as current employees increase
their skills through internal development programs.
W
Industries is a global leader of manufactured metal products. Its full
service offerings begin with engineering, design and program management
expertise. W Industries' manufacturing processes provide state of the
art laser, plasma cutting, forming, welding, metal finishing and
painting, all in house. Its processes are developed to international
standards for quality, environmental management, and occupational
health and safety standards.
Detroit Economic Growth Corporation
(DEGC) is a non-profit organization that works with businesses,
government and other organizations throughout Detroit to attract and
retain businesses and to encourage and manage economic development
projects.
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