A contract manufacturer specializing in injection molding, assembly, and packaging for the medical device and biotechnology industries, Medbio (Cascade Township, MI) has received a $180,000 performance-based grant from the Michigan Strategic Fund under the Michigan Business Development Program to help the company expand its Grand Rapids–area operation and support new business growth and demand.
The project will result in a capital investment of $3.39 million and the creation of 45 jobs. The company will expand its existing facility by 20,000 sq ft, 12,000 sq ft of which will be dedicated to manufacturing with the remaining 8000 sq ft used for warehousing. The expanded campus will be 55% larger to accommodate future growth.
Cascade Charter Township is supportive of the expansion and is anticipated to provide local support in the form of a property tax abatement.