Politics & Government
2 Companies to Invest Combined $11.1M in Canton
Both companies received 50 percent, four-year tax abatement incentives from Canton Township. Together, the companies will create 37 jobs.
CANTON TOWNSHIP, MI – Two neighboring but separate companies on Canton’s northeast side, Fraza Forklifts and G-Teki America, plan to invest a combined $11.1 million and create 37 new jobs.
The Canton Township Board of Trustees approved 50 percent, four-year tax abatement incentives for both companies last week, The Canton Observer reports.
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Fraza, which is relocating from Plymouth Township, will build a $4.7 million, 60,000-square-foot headquarters building in an industrial district on Commerce Drive, southeast of Koppernick and Interstate 275.
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The company, which distributes Caterpillar parts and rents forklifts, will create 27 new jobs over two years, vice president and chief financial officer Roger Runyan said.
G-Teki, which supplies automotive body frame components, plans to invest $6.4 million in an expansion that will add 19,000 square feet and create up to 10 new jobs at its Canton facilities.
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