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Dematic North America to create 500 new jobs in Grand Rapids

Dematic Corportation designs and manufactures a variety of logistical systems.
logisticsbusiness.com
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Dematic Corportation designs and manufactures a variety of logistical systems.

A Grand Rapids company is planning a major expansion. Michigan's Economic Development Corporation approved tax incentives for the company Tuesday.

Dematic North America designs and manufactures automated systems for all kinds of industries. It's investing roughly $11 million dollars in new equipment and technology - and creating more than 500 new jobs in the next 5 years. Around 74 will be created in the first year. The jobs include engineers, sales, research and development, production and adminstration. The company estimates the average pay is about $872 per week.

Michigan's Economic Development Corporation approved the tax incentives Tuesday in exchange for the company investing in the state. The tax breaks amount to just under $1 million.

The City of Grand Rapids will consider local tax breaks for the company Tuesday night.