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Thursday, 23 May 2013 10:52

Local business receives $4 million state grant

(ST. CLAIR COUNTY) -- SMR Automotive Systems, USA, Inc. has received a $4 million Michigan Business Development Program performance-based grant through the Michigan Strategic Fund. SMR plans to expand its facility in Marysville, as well as purchase a 100,000 square foot warehouse in Port Huron. In total, SMR plans to invest $40 million and add 350 new jobs. Congresswoman Candice Miller commented that the grant shows a great level of confidence in the vision of SMR and the ability of innovators in our community. The investments in Marysville and Port Huron are examples of the forward movement of the economy in the Blue Water Region. SMR Automotive Systems, USA, Inc. is a Tier 1 automotive supplier of rear vision systems. The company plans to expand its facility in Marysville by adding new equipment and reconfiguring the existing space. The City of Marysville is providing property tax abatements in support of the project.