LANSING—Plans for two projects expected to generate more than $85 million in private investment and 100 new jobs to Battle Creek were approved Tuesday by the Michigan Economic Growth Authority Board, said state Sen. Mike Nofs.
“This is exciting news for Battle Creek residents,” said Nofs, R-Battle Creek. “These projects demonstrate Michigan’s ability to compete for and win new, high tech jobs. The millions in investment dollars will go a long way to boost the local economy.”
The two Battle Creek-based businesses, Toda America, Inc. and Covance Laboratories, Inc., will receive state tax credits totaling $1.6 million and $2.8 million, respectively.
Toda America, Inc. is the world’s leading manufacturer of iron oxide and mixed metal oxide particles. The company chose Battle Creek over a location in South Carolina, and will invest $70.1 million to establish a plant that will produce materials for ion battery manufacturers, creating 57 jobs.
Covance Laboratories, Inc. will invest $15 million to renovate the former SEMCO building and from it will provide analytical, microbiological, stability and sensor testing for food service customers across the United States, creating 43 jobs.