Today The Right Place, Inc. and the Newaygo County economic development advisory committee, in collaboration with the Michigan Economic Development Corporation (MEDC) and the City of Newaygo, announced that Magna Mirrors Newaygo will expand its operations at 700 South Park Ave. Newaygo, MI, 49337. The company will invest $45 million and create 48 new jobs over the next three years.
Magna is a mobility technology company and one of the world’s largest automotive suppliers. The company’s facility in the City of Newaygo manufactures interior and exterior rearview mirrors with value-added features such as electronic displays and auto-dimming glass. It is also one of the county’s largest employers with over 1,300 employees.
Magna Mirrors is experiencing increased demand, necessitating this expansion in the City of Newaygo. As part of the expansion, Magna Mirrors will construct a 175,000-square-foot manufacturing and assembly facility at its Newaygo location.
“For Magna Mirrors, today represents an exciting step forward in the growth and development of our business in North America,” said Kevin Burke, Vice President of Operations for Magna Mirrors. “We have a team that is second to none, a highly skilled workforce that is dedicated to world-class manufacturing and has a clear mission: to be the premier mirror supplier to automakers here in Michigan and around the world.”
The MEDC is supporting the project with a $448,000 Michigan Business Development Program performance-based grant. The Right Place worked in collaboration with the company and MEDC to ensure Magna Mirrors continued to grow locally versus out-of-state possibilities. The Right Place also connected the company to workforce development resources at Michigan Works! West Central to assist with workforce recruitment and training.
“Magna Mirrors is a global manufacturer of automotive mirrors and one of the top employers in Newaygo County. The expansion of this facility will further strengthen the company’s Michigan presence and provide additional good jobs to area residents for years to come,” said MEDC CEO Jeff Mason.
“Magna Mirrors is a key employer in Newaygo County, and we are delighted they have decided to expand in the City of Newaygo,” said Julie Burrell, Business Development Coordinator – Newaygo County, The Right Place, Inc. “A global company like Magna Mirrors has many options for expansions, and their decision to invest in the Newaygo facility speaks volumes of our area’s business competitiveness.”
The City of Newaygo is supportive of the expansion and has approved a P.A. 198 tax abatement in support of the project. The Newaygo City Council approved the support at the Council’s September 10th, 2018 meeting.
“The City of Newaygo is proud to be home to Magna Mirrors,” said Mayor Ed Fedell, City of Newaygo. “We are pleased they have chosen Newaygo for their next phase of growth, and we look forward to our continued partnership with them.”