Where is Speedrack Products Group Adding a New Location?
Speedrack Products Group is adding a new location in Right to Work Walker, Michigan. In order to make this possible, they are investing $64.5 million toward the project. This will also create 164 new jobs for the area. So this is good news for the economy!
From Area Development Magazine:
“Our customers, particularly those in the e-commerce industry, have seen a significant increase in sales over the last several years, and so Speedrack has invested and grown in order to support that growth. […] Finally, none of this would be possible without the owners of Speedrack Ron and Dawn Ducharme who reinvest 100% of the profits back into the company.†[…]
“Michigan is grateful for the Speedrack team’s continued vote of confidence in Michiganders. We are proud to send the message that Michigan’s economy is recovering. And, we are going to keep this momentum going. Michigan is a place where businesses, communities and people can take risks, succeed and grow. […] We appreciate the efforts of The Right Place and local partners in Walker to support this project and will work with Speedrack as it continues to grow and add jobs for Michigan residents.†[…]
“This is a considerable win […] and another nod to the health and strength of our business environment. […] Our regional economy has strong roots in manufacturing, and Speedrack’s decision to expand its presence in our region is a testament to the resilience and continued prosperity within this industry.â€
To read more updates on Right to Work states, click here.