The City of Lansing and the Lansing Economic Area Partnership (LEAP) have announced the expansion of Cameron Tool, a Lansing-area tool and metal die manufacturer. Expansion includes a new addition to the existing building that will house a 1,500-ton press, three new cranes and a new die-build bay with die-build equipment. Additionally, they will be making structural improvements.
Since its formation in 1966, Cameron Tool has grown from its original 2,400- sq.ft., three-employee operations into a 72,000 sq.ft. building and 83-person operation. Their commitment to excellence in design, CAD/CAM programming, construction techniques, tryout and inspection stand out as a homegrown affair.
“I am always eager to support the growth and success of a hometown company like Cameron Tool,” said Lansing Mayor Virg Bernero. “This project is another great example of the City partnering with businesses to create and retain quality jobs, while boosting the health of Lansing’s robust manufacturing sector.”
The total project cost is estimated to be $4 million, create 10 to 15 construction-only jobs and a similar number of new, full-time jobs. The project will include a property tax abatement on the future increase in value, resulting from investments in building improvements.
“Cameron Tool has been an important and stable piece of Lansing’s economy for decades,” said Bob Trezise, president and CEO of LEAP. “LEAP is happy to be working with Cameron Tool to help bring more jobs and opportunities to the City of Lansing and to the region, and to elevate and strengthen a piece of Lansing’s core identity—manufacturing.”
Cameron Tool’s expansion project required approval by the Lansing City Council and the State Tax Commission. If approved, the project is expected to be completed in late 2017 around December.