Brembo Expands in US
Brembo will consolidate its corporate and technical groups from Northville, Farmington Hills and Costa Mesa, California at a new headquarters to be built in Novi, Michigan. The subsidiary of Bergamo, Italy-based Brembo S.p.A. will also expand capacity at its manufacturing facility in Homer (Calhoun County). The combined project is expected to retain and create 325 jobs for a total of 1,049 Michigan jobs for Brembo.
“The consolidation and expansion of our operations in Michigan, building on the skills of our workforce and competitiveness of our manufacturing facilities, create great opportunities for sustained growth in North America,” said Brembo North America general manager Adrian Smith.
The Michigan Economic Growth Authority approved state tax credits valued at US$3.5 million over 10 years to convince the company to expand in Michigan rather than competing sites in North Carolina and Mexico. In addition, the MEDC will provide job-training assistance of up to $500,000 through the Economic Development Job Training program. To support the project, the city of Novi is considering a reduction/reimbursement of permitting fees and an expedited approval process. Albion Township has approved a 12-year abatement estimated at $1.8 million.
The new 45,000-square-foot combined headquarters and technical center is scheduled for completion by the end of this year. (Tire Review/Akron)