Manufacturing in action!

It has been an exciting time for the manufacturing sector in the Lansing region. We continue to see a resurgence of the industry that drives the economy within the local and global marketplace.

As we continue to develop our place in the 21st century economy, the role of advanced manufacturing cannot be overstated. General Motors (GM) continues to be our titan anchor by investing billions into the Grand River and Delta Assembly plants – two of the most state-of-the-art plants in North America. GM’s investment has spurred continued growth in a number of auto suppliers and manufacturers across the region. With the construction of the Facility for Rare Isotopes Beams at Michigan State University, the region continues on the ground floor of a frontier focused on cutting-edge technology and science that will benefit the entire world.

This past fall, the Capital Area Manufacturing Council and a number of regional partners held tours for students and school officials in the Lansing area to visit local manufacturers on National Manufacturing Day. Students had an opportunity to see manufacturers in action as well as learn more about educational opportunities and career pathways that lead to in-demand jobs. Local manufacturers included: Alro Steel, Bekum America, Cameron Tool, Capital Steel & Wire, Chassix, Dakkota Integrated Systems, Dart Container, Eckhart, Emergent BioSolutions, Enprotech, Franchino Mold and Engineering, General Motors, GSE Industrial Automation, Hatch Stamping, IMPCO, KIRCHHOFF, Neogen, Niowave, Orchid Orthopedic Solutions, Peckham, Roberts Sinto, RSDC of Michigan, Spartan Motors and Triton Industries.

More than 1,000 students from local schools participated in the tours. The goal of the tour was to showcase the manufacturing sector to students, how the industry has evolved and the incredible opportunities offered. For more information on upcoming tours and the manufacturing sector, visit camconline.org.

See you on #TheCorridor

The Lansing Regional Chamber of Commerce (LRCC) spent the month of April highlighting the transformational efforts taking place on Michigan Avenue, also known as #TheCorridor. The Michigan Avenue corridor is nestled in the heart of the Greater Lansing region as our identity, legacy and future. It’s much more than a road on which we travel; it’s a road to economic prosperity. The corridor is so vitally important to our region that the Capital Council of Governments (CAPCOG) – a partnership between Clinton, Eaton and Ingham Counties, LRCC and Michigan State University – made the corridor its number one priority.

Opportunity Zones 

Transforming the corridors is one of our main advocacy-priorities at the Chamber. Much like our campaign to highlight Michigan Avenue, the corridors are what connect us. Our corridors also play a critical role to the overall effort to promote the Greater Lansing region to visitors and investors.

The Tax Cuts and Jobs Act was passed by Congress and signed by the president includes an economic development tool for urban and rural areas that was created by the U.S. Treasury. The new program establishes ‘opportunity zones,’ which provide tax incentives for investors to reinvest their unrealized capital gains into opportunity funds. These funds are dedicated to investing in opportunity zones designated by the governor.

Within the Greater Lansing region, specifically Lansing, Mayor Andy Schor and his team quickly put together requests for opportunity-zone designations for several critical corridors within the city: Michigan Avenue, Saginaw and Waverly, St. Joseph, North Larch and Cedar Street, as well as the MLK and Holmes corridors.

Last month, Mayor Schor’s requests were approved! In addition, opportunity zones in Charlotte, Holt, St. Johns and Meridian Township were designated as well. To learn more and view the opportunity zones in our region, visit the Michigan State Housing Development Authority website at michigan.gov/mshda.

 

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