A manufacturer of specialty abrasive discs is relocating a portion of its company to the area and creating 52 jobs.
Cleveland-based Even Cut Abrasive Company is investing $3.76 million to move part of its operations to 4050 Roger B. Chaffee Memorial Blvd. in Wyoming, according to the Grand Rapids-based economic development nonprofit The Right Place yesterday.
The company plans to relocate two existing production lines from Cleveland to Wyoming, as well as and expand other lines.
The company is owned by the Grand Rapids-based private equity investment firm Stone Fox Ventures.
“We believe the city of Wyoming is a great place to build a company and a community,” said Robert Shindorf, managing member, Stone Fox Ventures.
“Not only is the area full of talented individuals who will make fantastic team members, but it also provides a quality of life we believe is important to our business culture.”
The Michigan Economic Development Corporation approved a $400,000 Michigan Business Development Program performance-based grant for the project.
The Right Place also connected the company with workforce development resources at West Michigan Works! to assist with talent attraction and workforce training.
Even Cut Abrasive Company
Founded in 1932, Even Cut Abrasive Company’s coated and non-woven specialty abrasive discs are used by industrial companies to grind, cut, blend and polish metal and a variety of other materials.