Inland Pipe Rehabilitation just moved its corporate offices to the
Beal Building
in downtown
Detroit
and expects to create as many as 20 new jobs over the next year.
The key to the
business, according to president and CEO Jeffrey Stark, is that the firm
specializes in replacing major parts of the country's rapidly aging infrastructure
like water and sewer lines.
"It's a great business. It's recession resistant,"
Stark says. "The country's infrastructure is aging and needs to be
replaced."
The firm employs 362 people across the country, including 65
in Detroit. The
company's revenues have grown from $28 million to $31 million in one year, and
its expectations are for similar growth for the foreseeable future.
The company's leadership decided to move downtown
from its offices near the Schaefer
Highway and I-75 because it wanted to be close to
the center of the city and be a part of its emerging downtown dynamic.
Source: Jeffrey Stark, president and CEO of Inland Pipe
Rehabiliation
Writer: Jon Zemke
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