LANSING, Mich. — State Sen. Kim LaSata applauded a Tuesday announcement by the Michigan Strategic Fund that Three Rivers-based American Axle and Manufacturing has been granted a five-year State Essential Services Assessment Exemption for its $40.6 million expansion project.
The tax exemption worth an estimated $468,888 will help the company complete the project that is projected to create 100 jobs at its Three Rivers facility.
“This is wonderful news for the Three Rivers community and for American Axle and Manufacturing — a great Michigan company that is helping drive the auto industry into the 21st Century,” said LaSata, R-Coloma. “In addition to the creation of 100 jobs, which will help support local workers and boost the economy, the project will help modernize a facility that is vital to one of our state’s most important industries. My thanks to the Michigan Strategic Fund and to AAM for their ongoing commitment to Southwest Michigan and its people.”
The MSF also announced the city of Three Rivers was awarded $2 million in Community Development Block Grant funds to assist with adding necessary machinery and equipment at the project.
The Three Rivers site was chosen for the project over the company’s facility in Mexico.