““Detroit was once America’s premier labor town. The creation of manufacturing jobs as well as neighborhood level revitalization through single family renovation are key to its recovery and the labor movement’s ties to this region make it the right partner.” ”
Detroit Manufacturing Systems - Detroit, MI and Toldeo, OH
Allocation: $8.5M | TDC: $36.9M | Permanent Jobs: 265
DMS is a minority- and woman-owned Tier 1 and Tier 2 automotive supplier, manufacturing cockpit assemblies, door trim, center consoles, and under hood and underbody components. DMS was formed in 2012 by 25 production and supply chain experts and now has more than 850 full-time unionized (UAW Local 600) employees operating 16 injection molding presses and 5 production lines at their 482,500 square foot facility in Detroit. In 2015 alone, DMS produced more than 1 million instrument panels.
The $35 million New Markets Tax Credit (NMTC) funding will be an operating business loan, used for equipment and other expansion costs, not real estate-related costs. The operating business loan will fund the equipment needed for an expansion of the production facility at the current Detroit, MI facility and will allow for the commencement of operations at the newly constructed facility in Toledo, OH.