GREENVILLE — Huntington Foam LLC received a $340,000 incentive to stay in Greenville and expand its facility.
The incentive comes from a Michigan Business Development Program to expand the Greenville operation.
According to a press release issued Wednesday, the project will generate up to $2.56 million in new private investment and add 30 new jobs.
“It was a collaborative effort between Huntington Foam, the city of Greenville, the Greenville Area Chamber of Commerce, The Right Place Inc. program and the State of Michigan to assemble an incentive package that was a success to create a win-win situation for everyone involved,” said Greenville City Manager George Bosanic.
Huntington Foam, located at 1323 Moore St., is a custom foam shape molder for applications, plumbing, furniture, electronics and automotive industries. The company is based in Jeanneatte, Pa., and has facilities in Greenville, Fort Smith, Ark., Greer, S.C., Guadalupe, Mexico, and Ramos Arizpe, Mexico.
Michigan was chosen over other states that were courting the business for that last six months, according to the press release.
The city of Greenville is giving Huntington Foam a 12-year property tax abatement for the project.
“We are happy to be able to save current jobs and provide the opportunity for Huntington Foam to expand and create new ones,” Bosanic said.
Huntington Foam President Gary McLaughlin said the Greenville facility has some of the most tenured employees, and if the Huntington Foam would have decided to move out of state, it would have lost those employees and their experience.
“The city of Greenville and State of Michigan worked together to offer us a nice package to stay (in Greenville) instead of moving out of moving out of state,” McLaughlin said.
With the incentives to stay and expand in Greenville, McLaughlin said they will be able to bring in new presses from its Arkansas facility to offer more to the local area.
“This is big,” he said.
Eventually, down the road, the Arkansas facility will close its doors due to losing its primary customer, McLaughlin said.
Currently, the company employs roughly 45 people, McLaughlin said.
Three other West Michigan businesses also received Michigan Business Development Program incentives. The four businesses together are expected to generate up to $15.7 million in new private investment and add 465 new jobs.
The businesses include Center Manufacturing, MedDirect Inc. and Muskegon Castings Corp.