Vickers Engineering describes itself as a world class precision machining and fabrication company. Vickers has been located in New Troy, near Sawyer since 1970—serving the agricultural, automotive, oil and gas and industrial sectors, as well as the military.
Now, Vickers will expand its New Troy operation with construction of a new support building, thanks to a tax break approved by the Weesaw Township Board. If all goes well, ten new jobs will be created at Vickers.
Cornerstone Alliance provided guidance and expertise in getting the project approved, and explained it all in a detailed release:
Vickers Engineering, a world-class precision machining company, gained Weesaw Township approval of an Industrial Facilities Tax Exemption (IFTE) to build a 14,900 square foot building on its campus located on Glendora Road. The estimated project cost is $500,000.
The new building will be used to store raw materials, tools, parts and equipment so areas in Vickers’ current building may be repurposed for more efficient manufacturing production. Vickers services the Automotive, Oil & Gas, Agriculture, Defense, and Industrial markets.
“Vickers’ continued growth has increased the need for more production materials to be readily available and on hand. Adding materials would cut manufacturing space in its current shop,” said Cathy Tilley, Director of Business Development at Cornerstone Alliance. “The new building will enhance production flow to meet increased sales and allow 10 skilled people to join Vickers.”
The Tax Exemption granted by Weesaw Township is an economic development resource available to local municipalities, through the State of Michigan. It provides a tax incentive to manufacturers to enable the renovation and expansion of aging facilities, assist in the building of new facilities, and promote the establishment of high-tech facilities. The Industrial Facilities Tax Exemption entitles the facility to exemption from ad valorem real and/or personal property taxes, at 50%, for a term of 1-12 years as determined by the local unit of government. Vickers will continue to pay full taxes on the current facility, plus the full school taxes on the new building once it is completed.
Matt Tyler, President of Vickers Engineering commented, “Over the past two years, our team at Vickers has successfully executed the most substantial growth period in our 53-year history. This additional space will allow us to fulfill growth commitments in 2024, and 2025. We’re excited as we continue to add to our skilled workforce right here in SW Michigan. The team at Cornerstone Alliance played an instrumental role in supporting us throughout the application and approval process. They are knowledgeable about the State requirements and explained the win/win situation to us and the Weesaw Board.”
