Today The Right Place, Inc., in collaboration with the Michigan Economic Development Corporation (MEDC) and the City of Kentwood, announced that Arcanum Alloys will be relocating from Silicon Valley to the City of Kentwood. This will result in the creation of 25 new high-tech jobs and a capital investment of $693,000.
Arcanum Alloys’ patented technology generates revolutionary function and value by utilizing the most common metallurgical elements to create alloys whose properties at the surface and bulk are spatially segregated. The company produces 20-ton coils for some of the world’s most well-known manufacturing companies.
Arcanum Alloys chose West Michigan over other competing locations to be closer to its production partner, suppliers, and manufacturing customers. This location will function as both a new headquarters and R&D center. The company will be locating at 4460 44th St. SE, Kentwood, MI 49512.
“Arcanum Alloys is looking forward to starting the next chapter of its growth story in the City of Kentwood,” said Dan Bullard, CEO of Arcanum Alloys. “We’re grateful for the support provided by The Right Place and their partners at the MEDC and City of Kentwood as we moved through this decision process.”
The Right Place worked in collaboration with the company and MEDC to ensure Arcanum Alloys chose West Michigan. The Right Place also connected the company to workforce development resources at West Michigan Works! to assist with workforce recruitment and training.
The MEDC is supporting the relocation with the approval of a $162,500 Michigan Business Development Program performance-based grant.
“Arcanum Alloys’ decision to move their headquarters from Silicon Valley to West Michigan reflects the strength of our region’s high-tech talent pool and manufacturing supply chain,” said Eric Icard, Senior Business Development Manager, The Right Place, Inc. “Our region’s talented workforce combined with its strong advanced manufacturing base have made it a destination for innovative companies like Arcanum Alloys.”
The City of Kentwood is supportive of Arcanum Alloys’ plans to locate in the city.
“We are delighted Arcanum Alloys has chosen the City of Kentwood for their new headquarters,” said Mayor Stephen Kepley, City of Kentwood. “We look forward to working with them as they grow and create high-tech jobs in our community.”