Sunday, January 25, 2009

Air Foil International in expansion mode

Air Foil International in expansion mode
"AFI Machining received a tax abatement on $1.3 million of new equipment, while AFI Drill Hole received a similar tax break for $576,536 worth of new equipment. Combined, the companies are projected to increase employment from 6 to 12 employees, company officials told the Muskegon City Commission.
Currently, all of the Air Foil International operations employ 28 workers, according to city records. The larger estimates of up to 150 new workers in the next three to five years is based upon attracting new contracts from existing customers such as Alcoa Howmet Castings in Whitehall along with turbine engine builders General Electric, Rolls Royce, Siemens and Pratt & Whitney."

$1.9 million works out to $67,000 per employee!

Something is wrong here.... or simply consistent with business as usual in Muskegon.

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