InvestNovi

ebiz

          
NEWS

Enjoy press releases and local stories submitted.

Click here to submit a story or press release.

Press Release or Story Date Topic
August 18, 2010 Metalsa receives MEGA Tax Credit to expand R & D operations in Novi
August 16, 2010 Project Helpers – A Local Marketing Company Creates Jobs thru Unique Pay for Performance Model
August 10, 2010 Mando America relocates to Novi
July 13, 2010 ECCO Tool Co., Inc. granted Tool & Die Recovery Zone Designation
June 28, 2010 South University Expands With a New Location in Metro Detroit
May 27, 2010 Novi-based Cooper-Standard leaves bankruptcy
May 3, 2010 Paul's TV Opens Eight More Stores in Michigan
April 27, 2010 Hino Model 268 Named Medium Duty Commercial Truck of the Year
April 9, 2010 Delta Air Lines Plans First Flights between Detroit Hub and South America
April 9, 2010 Baronette Hotel: Going upscale in down times
March 22, 2010 Market Report -- In Play ( )
March 22, 2010 Ramco-Gershenson Announces the Completion of New CMBS Financing for Properties in Michigan and Ohio
March 19, 2010 5th Annual Michigan Energy Fair Moves to Rock Financial Showplace
March 16, 2010 Diversified Restaurant Holdings Reports 20.8% Revenue Increase in Fourth Quarter of 2009;Full Year Revenue Up 64.5% with New Restaurants
February 18, 2010 Bagger Dave’s To Open New Location In Novi, Michigan
February 11, 2010 Benjamin Carter Named Chief Financial Officer of Trinity Health
February 2, 2010 Cooper-Standard Automotive Obtains Commitment for $245 Million Equity Investment Backstop to Fund Chapter 11 Plan
January 16, 2010 Tata plans to add 200 jobs in Oakland
January 6, 2010 Tata Technologies Displays Tata Nano for First Time in U.S.
Click here to view July - December 2009 Story Archive
Click here to view January - June 2009 Story Archive
Click here to view July - December 2008 Story Archive
Click here to view January - June 2008 Story Archive

 

Metalsa receives MEGA Tax Credit to expand R & D operations in Novi
(August 18, 2010)

 Printer Friendly
Novi, Michigan, August 18, 2010 – As an incentive to create and retain business in Michigan, the State of Michigan MEGA Board approved a seven-year (pull-ahead) High-Tech MEGA tax credit to Metalsa, the world’s top supplier of structural components for light and commercial vehicle markets. The MEGA Board approves the use of Standard, High Tech and Rural MEGA Job Creation Tax credits and Retention MEGA Tax credits for companies considering expansions in Michigan.

Metalsa logoMetalsa has 6,300 employees worldwide and currently has their sales facility in Novi – employing nine individuals. This MEGA project includes the addition/relocation of 65 professional jobs, with the opportunity for more than 65 spin-off jobs, to Novi and will include a capital investment of $1.9 million.

As part of the recent acquisition of Dana Holding Corporation’s Structural Products Business, Metalsa was assessing where to locate its R&D operations (currently in Pennsylvania) to foster future growth. Retaining and expanding Metalsa’s Michigan presence was supported by the partnership of state, county, and local agencies.

“The location of Metalsa’s research and development operations in Novi is a perfect addition to the sales facility currently located in Novi,” said Ara Topouzian, Economic Development Director. “The project is contingent on local participation which would include application fees and job training funds.”

 

Project Helpers – A Local Marketing Company Creates Jobs thru Unique Pay for Performance Model
(August 16, 2010)

 Printer Friendly
Project Helpers, an operating division of Michigan’s largest Andersen Window dealer C&L Ward Bros., today announced that it will be hiring an additional twelve Community Marketers for its Auburn Hills office. The additional field staff will enable Project Helpers to generate nearly 4,000 appointments for its network of local home improvement service providers in Oakland County over the next four months.

Project Helpers“We have seen a trend of people improving their existing homes since many of them have made the decision to remain in the Oakland County area” said Patrick Ward, C&L Ward president. “Project Helpers was launched with a belief that there is a better way to connect homeowners with local, reputable home service providers. Nearly every household has some type of home improvement project they need completed, and the role of our Community Marketer is to determine what that project is and schedule an appointment with a reputable company that can perform the work.”

Project Helpers grassroots marketing approach is changing the way local home services companies advertise. Their Community Marketers visit neighborhoods and travel door-to-door to discuss any upcoming home projects that the homeowner would like to have completed. Their project information is captured at the door in a hand-held device and an appointment date and time is scheduled with a home service provider that specializes in that field of work. Project Helpers then immediately notifies the service provider with the project information and scheduled appointment via e-mail. Upon receipt, the service provider then contacts the homeowner to learn more about the project and confirm the scheduled appointment date and time.

To participate in the program, the service company must have all of the necessary license and insurance requirements in place. In addition, they must have been in business for at least 3-years and have previous home project references available for follow-up. Upon acceptance into the program, the service provider pays an annual membership fee and a pre-determined referral fee for each appointment they receive from Project Helpers.

“Project Helpers benefits all parties involved in our process. The homeowner finds a reputable, licensed and insured company ready to work on their home project. The home service company receives an appointment with a homeowner that needs their specific type of expertise. And finally, the community wins because homes visibly in need of improvement are fixed and the home service companies have sufficient work to bring back unemployed construction trade workers.” says Ward. “To date we have had over sixty home service companies involved in the program and have scheduled over 3,000 appointments with qualified homeowners on their behalf. Our pay for performance model has been very well received since the home service company only pays us when we generate an appointment for their business.”

The Project Helpers program was launched in the Greater Lansing market in May 2009. The program expanded into the Oakland County market in May 2010 with plans for complete Metro Detroit coverage in 2011. Currently, plans are being drafted for a national expansion that would include major markets across the entire United States.

About Project Helpers

Project Helpers is an operating division of Davison, Michigan based C&L Ward Bros. Co. Inc. They focus entirely on generating qualified appointments for companies in the home improvement and services industry. Through its unique Pay-For-Performance model, Project Helpers enables home service businesses to cost-effectively grow their business and market share by only paying for appointments generated by their community marketing efforts. It currently operates in the Lansing and Oakland County markets. For more information contact: Renea Huth, General Manager, at 248-568-0428.

 

Mando America relocates to Novi
(August 10, 2010)

 Printer Friendly
NOVI, Mich., August 10, 2010 – The City of Novi is pleased to announce the expansion of Mando America, one of the world’s leading automotive parts manufacturers to the Beck North Corporate Park in Novi. Mando will be moving into an 76,500 sq. ft. building in the Beck North Corp. Park. Amson Dembs is the developer of the park and will also be constructing the new facility. Beck North Corporate Park is designed for organization headquarters for businesses of varying sizes.

Mando LogoMando America is supplier of state of the art vehicle chassis sub-systems for brakes, steering, and suspensions products manufactured, designed and supported by the Korean-based supplier Mando Corporation. Formed in 1962, Global Mando employs more than 7,000 associates worldwide and grossed over $2.5 billion in 2009. The company operates 16 production plants and nine research and development centers globally, including the USA. The Novi location will employ approximately 100 professional engineering jobs with room to expand within the next two years.

Recent work by the state, county, and business organizations made it possible for Mando America to relocate the research and development and test activities to Novi from Plymouth, Michigan. The move will happen in early 2011.

“Congratulations to Mando for its expansion in Novi. It is a great decision that Mando, one of the best Korean companies in Michigan, chooses Novi, one of the best cities in Michigan,” said Tack Yong Kim, Commissioner of Michigan Asian Pacific American Affairs Commission. “I hope to see more Korean companies and businesses relocate to amazing Novi, which is a great city to partner with.”

 

ECCO Tool Co., Inc. granted Tool & Die Recovery Zone Designation
July 13, 2010

 Printer Friendly
NOVI, Mich., July 13, 2010 – At last evening’s City Council Meeting, the Novi City Council approved a Tool & Die Recovery Zone designation request for ECCO Tool located at 42525 W. Eleven Mile Road in Novi. ECCO Tool is the first to be granted approval in Novi and this is another way the City of Novi is encouraging business retentions.

ECCO Tools logo“This is a company that has been in Novi for 55 years; certainly no one can question their dedication to the City,” said Novi Mayor David B. Landry. “I like it when small businesses band together to create a consortium to enhance operations and compete in larger markets. The way I see it, there are many people on this team and they wanted the City to be on it too.”

The Tool & Die Recovery Zone is part of the Michigan Renaissance Zone Program (PA376 of 1996) set up to help save one the hardest hit business sectors of our economy – tool & die manufacturing. If approved by the State of Michigan, ECCO Tool will join a consortium of other tool and die companies located throughout the state who work collaboratively to increase their buying power and generate new business. ECCO Tool intends to diversify its business, specifically targeting the aerospace manufacturing industry.

Companies located in a Recovery Zone are eligible for an exemption, deduction or credit to their taxes for up to fifteen years. The Novi City Council approved a tax abatement for eight years.

According to company owner, Floyd Peterson, “ECCO Tool has been in business in Novi since 1955, and stayed competitive over the last couple of years because of two state of the art machines it has purchased. To remain competitive, survive, and grow ECCO Tool needs to buy another one of these machines. I want ECCO Tool to survive for my family and long-term employees who worked so hard for ECCO Tool.”

 

South University Expands With a New Location in Metro Detroit
June 28, 2010

South University today announced its expansion into metro Detroit with the addition of South University–Novi located in Novi, Michigan. With its first day of class slated for October 2, 2010, South University's Novi campus will occupy approximately 40,300 square feet at 41555 Twelve Mile Road.

Read the full story:  South University Expands With a New Location in Metro Detroit
(Link was valid when posted.)

 

Novi-based Cooper-Standard leaves bankruptcy
May 27, 2010

Novi-based auto supplier Cooper-Standard emerged from bankruptcy protection today under the ownership of a group of its bondholders.

Read the full story: Novi-based Cooper-Standard leaves bankruptcy
(Link was valid when posted.)

 

Top of PagePaul's TV Opens Eight More Stores in Michigan
May 3, 2010

The "King of the Big Screen" opens 8 more stores in South East Michigan. Paul's TV is celebrating Grand Openings this weekend inside Art Van Furniture stores. This brings the total number to 13 since March. The new locations can be found in Ann Arbor, Novi, Southfield, Waterford, Howell, Port Huron, Chesterfield and Livonia.

Read the full story: Paul's TV Opens Eight More Stores in Michigan
(Link was valid when posted.)

 

Top of PageHino Model 268 Named Medium Duty Commercial Truck of the Year
April 27, 2010

NOVI, Mich., April 27 /PRNewswire/ -- Hino Trucks model 268 took home the 2010 Medium Duty Commercial Truck of the Year award. The award was announced April 25, 2010 during a ceremony at the American Truck Dealers (ATD) Convention & Expo and is the first time a medium duty version of the award has been given.

Read the full story: Hino Model 268 Named Medium Duty Commercial Truck of the Year
(Link was valid when posted.)

 

Top of PageDelta Air Lines Plans First Flights between Detroit Hub and South America
April 9, 2010

Delta Air Lines today announced plans to introduce the first-ever nonstop flights between its Detroit Metropolitan Airport hub and Sao Paulo, Brazil, bolstering the city's position as a leading international gateway.

Read the full story: Delta Air Lines Plans First Flights between Detroit Hub and South America
(Link was valid when posted.)

 

Top of PageBaronette Hotel: Going upscale in down times
April 9, 2010

In a lousy economy where local hotels are lucky to be half-full -- and some big ones are for sale -- why would anyone invest nearly $10 million now to convert a nice 20-year-old property into an upscale Renaissance brand hotel and restaurant?

Read the full story: Baronette Hotel: Going upscale in down times
(Link was valid when posted.)

 

Top of Page

Market Report -- In Play ( )
(March 22, 2010)

On The Wires Polycom (PLCM) announces an expanded global agreement where Polycom's complete portfolio of voice and video technologies, including joint go-to-market activity and future joint technology development, will be sold by HP (HPQ)... Ramco-Gershenson Properties Trust (RPT) has closed on a new $31.3 mln CMBS loan with J.P. Morgan secured by its West Oaks II shopping center in Novi, Michigan and its Spring Meadows Place center in Holland, Ohio.

Read the full story: Market Report -- In Play ()
(Link was valid when posted.)

 

Top of Page

Ramco-Gershenson Announces the Completion of New CMBS Financing for Properties in Michigan and Ohio
(March 22, 2010)

Ramco-Gershenson Properties Trust announced today that it has closed on a new $31.3 million CMBS loan with J.P. Morgan secured by its West Oaks II shopping center in Novi, Michigan and its Spring Meadows Place center in Holland, Ohio. The $31.3 million financing represents a loan to value of approximately 60% for the two properties and has a ten year term with a fixed interest rate of 6.5%. Proceeds from the loan were used primarily to reduce borrowings on the Company's revolving credit facilities.

Read the full story: Ramco-Gershenson Announces the Completion of New CMBS Financing for Properties in Michigan and Ohio
(Link was valid when posted.)

 

Top of Page

5th Annual Michigan Energy Fair Moves to Rock Financial Showplace
(March 19, 2010)

The Great Lakes Renewable Energy Association (GLREA) announces the Rock Financial Showplace in Novi, Michigan as the location for the 5th annual Michigan Energy Fair, taking place June 25th – 27th, 2010.

Read the full story: 5th Annual Michigan Energy Fair Moves to Rock Financial Showplace

 

Top of Page

Diversified Restaurant Holdings Reports 20.8% Revenue Increase in Fourth Quarter of 2009;Full Year Revenue Up 64.5% with New Restaurants
(March 16, 2010)

Diversified Restaurant Holdings, Inc. (DFRH 1.01, -4.39, -81.30%) ("DRH"), the owner/operator and soon to be franchisor of the unique, full service fast-casual restaurant and bar Bagger Dave's Legendary Burgers & Fries(R) and a leading franchisee for Buffalo Wild Wings(R) ("BWW"), today reported financial results for the 2009 fourth quarter and full year, which ended December 27, 2009.

Read the full story: Diversified Restaurant Holdings Reports 20.8% Revenue Increase in Fourth Quarter of 2009;Full Year Revenue Up 64.5% with New Restaurants
(Link was valid when posted.)

 

Top of PageBagger Dave’s To Open New Location In Novi, Michigan
(February 18, 2010)

The Bagger Dave’s Legendary Burgers & Fries, a full service restaurant concept owned by Diversified Restaurant Holdings, will open its new location in Novi, Michigan, on February 21.
The restaurant currently has two locations in the state of Michigan with a third planned for opening in February 2010 and franchise registrations recently filed in the states of Michigan, Indiana and Ohio.

Read the full story: Bagger Dave’s To Open New Location In Novi, Michigan
(Link was valid when posted.)

 

Top of PageBenjamin Carter Named Chief Financial Officer of Trinity Health
(February 11, 2010)

Trinity Health today announced that Benjamin R. Carter, CPA, FHFMA, has been appointed as the new Senior Vice President and Chief Financial Officer. He will join the organization on March 1. Carter will lead the financial management, financial reporting, strategic financial and capital planning and budget development of Trinity Health, the fourth-largest Catholic health system in the country with 44 hospitals, 33 long-term care centers and hundreds of outpatient facilities in eight states. He will also provide leadership to revenue management initiatives and reimbursement programs.

Read the full story: Benjamin Carter Named Chief Financial Officer of Trinity Health
(Link was valid when posted.)

 

Top of PageCooper-Standard Automotive Obtains Commitment for $245 Million Equity Investment Backstop to Fund Chapter 11 Plan
(February 2, 2010)

Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., announced today that it has entered into an Equity Commitment Agreement with certain holders of the Company's 7% Senior Notes due 2012 and 8 3/8% Senior Subordinated Notes due 2014, providing for a commitment to backstop a $245 million equity Rights Offering that will be made to eligible holders of the Senior Notes and Senior Subordinated Notes. The Rights Offering will be effectuated through a proposed joint chapter 11 Plan of Reorganization, which was filed yesterday with the United States Bankruptcy Court for the District of Delaware. The Plan, the Rights Offering, and all related transactions have the full support of the Official Committee of Unsecured Creditors.

Read the full story: Cooper-Standard Automotive Obtains Commitment for $245 Million Equity Investment Backstop to Fund Chapter 11 Plan
(Link was valid when posted.)

 

Top of PageTata plans to add 200 jobs in Oakland
(January 16, 2010)

Tata Technologies plans to add more than 200 jobs in Oakland County over the next six to nine months as it takes on new work for both domestic, Asian and European carmakers. Warren Harris, president and chief operating officer of Tata Technologies North American headquarters in Novi, said the company has spots for 100 engineers immediately and will fill other jobs by the end of the summer.

Read the full story: Tata plans to add 200 jobs in Oakland
(Link was valid when posted.)

 

Top of PageTata Technologies Displays Tata Nano for First Time in U.S.
(January 6, 2010)

 Watch related video/story - 1/13/10 - America Meets the Nano
(CNBC Video)

Tata Technologies announced today that it will display the world’s lowest-price passenger car, the Tata Nano, for the first time in North America in Detroit on January 14. Tata Technologies, with regional headquarters in Novi, Michigan, played a key role in engineering the Nano, which is produced by Tata Motors in India. It will show the car to highlight its end-to-end vehicle engineering and design capabilities to its auto industry customers and guests at its “Better Innovation” event at the Detroit Science Center.

Read the full story: Tata Technologies Displays Tata Nano for First Time in U.S.
(Link was valid when posted.)