(Source: MIRS.news, Published 10/07/2024) The Michigan Strategic Fund (MSF) board Monday supported a nearly $500,000 grant for the business expansion of a medical device manufacturer in Marquette.

Able Medical Devices is expected to construct a 30,000 square foot manufacturing facility that could create 40 new jobs. The project is expected to cost nearly $13 million. The MSF was expected to give a $500,000 Michigan Business Development Program grant at their next meeting on Oct. 22.

"With our growing suite of economic development tools, we will continue to compete with other states and nations to bring jobs and projects to every part of Michigan. Let's keep getting it done so we can build and lead an advanced manufacturing economy," said Gov. Gretchen Whitmer.

Sen. Ed McBroom (R-Waucedah Twp.) and Rep. Jenn Hill (D-Marquette) praised the Michigan Economic Development Corporation (MEDC) for their support of a company based in the Upper Peninsula.

The 40 jobs were expected to have an average wage of $36 per hour, which is higher than the median wage in the region at $20.88 per hour.

Matt McCauley, of SVP Regional Development, and Invest UP CEO Marty Fittante said Able Medical Devices' expansion was a result of the hard work of partners across the region and would help lift the economy.

"This expansion not only reinforces the reality that the region is well-equipped to serve as a prime location for advanced manufacturing with a strong workforce, a vibrant local economy and a supportive environment, but it also aligns perfectly with our vision for a prosperous and dynamic community," Fittante said.