Outsourcing to Detroit is becoming more and more of a reality. Detroit Economic Growth Corporation (DEGC), working with the City of Detroit and Michigan Economic Development Corp., successfully facilitated a $1.3 million Michigan Strategic Fund Business Development Program performance-based grant to YFS Automotive Systems, a Chinese-based automotive supplier with U.S. headquarters in Gallatin, Tenn. The company expects to invest a total of $26.9 million in Detroit at a site that will be announced at a later date.
YFS is planning to construct a 150,000 sq. ft. facility to design, test, and manufacture automotive fuel system components. It is expected to employ 50 people when it opens, and up to 160 at full capacity. The site will have room for a proposed 100,000 sq. ft. future expansion. YSF hopes to start production by July 2017.
Detroit Mayor Mike Duggan said, “This is an important step for YFS and Detroit. Manufacturing investments can provide good opportunities for Detroiters, and Detroit has great potential for attracting more investments and creating even more jobs in the future.”
Rodrick T. Miller, CEO of DEGC said, “This significant investment by a Chinese manufacturer underscores Detroit’s global advantage as a hub of automotive research, design, and assembly.”
In addition to the support from Michigan Strategic Fund, YFS also expects to apply for a tax abatement from the Detroit City Council. It is also requesting assistance from Detroit Employment Solutions Corporation (DESC) to help it develop its workforce.
Business Development Manager