Ohio Supplier to Relocate Headquarters to Macomb in $19.9 Million Move - Sachse Construction
Topics: Automotive & Manufacturing, Business, Construction

Ohio Supplier to Relocate Headquarters to Macomb in $19.9 Million Move

Tooling Technology LLC is relocating its headquarters from Ohio to Macomb Township in a $19.9 million move it says will create 100 new jobs over five years.

The automotive supplier plans to uproot from Fort Loramie to Michigan, where 257 of its total 650 employees work out of four different locations, according to a news release from the Michigan Economic Development Corp.

Founded in 1982, the company’s automotive interior, die-cast and stamping tooling business has grown steadily. It operates 12 plants around the country and claims on its website to be the largest tooling provider in the United States.

The MEDC is granting the company a $750,000 performance-based grant in support of the project, and Macomb Township has offered a reduction in property taxes of approximately 50 percent. The incentives are necessary to sway the company away from its existing base in Ohio, where there are lower labor and real estate costs, according to the MEDC.

Tooling Technology’s s subsidiary Majestic Industries LLCĀ received a $210,000 grantĀ from the MEDC in 2016 and has created 25 jobs in the state.

“We have aggressive growth plans, and being in Macomb in southeast Michigan puts us in a good position to accomplish them,” Tooling Tech Group Chairman Tony Seger said in a written statement.

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