Michigan-based electronics maker announces $6.5 million expansion
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A Michigan printed circuit board manufacturer plans to upgrade its operations and bolster its workforce by more than 25% as part of a recently announced expansion.
Calumet Electronics Corporation, located in the eponymous town on the Keweenaw Peninsula in northern Michigan, plans to invest $6.5 million in a newly built 35,000-square-foot manufacturing facility, officials said. of State and Enterprise.
The facility will make Calumet one of the only manufacturers in the United States with the capability to fabricate organic substrates, a vital component of microelectronics. Michigan officials said the project would allow the company to produce next-generation components for companies in many industrial sectors – including manufacturing, power generation, aerospace, defense and medical – and would help reduce the country’s dependence on foreign-produced semiconductors.
The project should create 80 new jobs.
“This expansion is critical to growing and recruiting talented workers for a company that is in a critical and essential industry for the region,” Marty Fittante, CEO of regional economic development group InvestUP, said in the announcement.
Calumet was founded over 50 years ago to help create jobs following the closure of copper mines in the region. The company currently employs some 300 people.
The state will provide a performance-based grant of $600,000, and the company is also expected to receive $2 million in Community Development Block Grant funding to offset machinery and equipment costs. Federal law requires that at least 51% of new jobs related to CDGB funding be awarded to people with low or middle incomes.
“We are committed to continuing to advance Michigan’s role in electronics manufacturing,” said Calumet Vice President and Chief Operating Officer Todd Brassard.
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