Magna International designs, develops and manufactures advanced automotive components. As the world’s most diversified automotive supplier, Magna has a presence in 29 countries on five continents. Currently, Magna employs more than 400 employees in Holland Township.
Magna was seeking a location to develop, test and commercialize a new sunroof technology for the auto industry. As Magna was considering many locations, Lakeshore Advantage stepped in to help Magna bring their project to Holland Township.
Working with the Michigan Economic Development Corporation and Holland Township, Lakeshore Advantage assisted Magna in receiving a $1.2 million Michigan Business Development Program grant as well as a 12-year abatement of taxes on equipment being brought to the facility. Magna’s $10.1 million investment in their Holland facility will create 177 new jobs.