Detroit luring manufacturers to industrial park, vacant land


Detroit luring manufacturers to industrial park, vacant land
  1. Detroit luring manufacturers to industrial park, vacant land
    canada.com
    DETROIT — Rust Belt cities like Detroit are improving their industrial and manufacturing landscapes by collecting, cleaning up and marketing acres of once-vacant land to job-supplying…
    Business
 

In this July 19, 2017 photo, heavy machinery clearing land at the Interstate 94 Industrial Park in Detroit. The park is former vacant land that the city is marketing to manufacturing and industrial companies. Auto parts supplier Flex-N-Gate is expected to bring 750 jobs to Detroit when it completes its 350,000-square-foot plant at the industrial park. (AP Photo/Corey Williams)

DETROIT — Inside a fenced construction site on Detroit's east side, heavy machines are digging, shoving and hauling away tons of dirt in preparations for the latest addition to the city's industrial landscape.

Auto parts supplier Flex-N-Gate is expected to bring 750 jobs to Detroit when it completes its 350,000-square-foot (32,500-square-meter) plant at the Interstate 94 Industrial Park. It will join several other firms that are investing millions of dollars where only so many years ago manufacturing jobs were disappearing.

The changes come as Detroit, like many other Rust Belt cities, looks to lure firms with just what they're looking for: vacant land where they can build and grow.

"I do not think Detroit is a tough sell. What we find when we're speaking with prospects is they want to be within a rich and robust cluster of other automotive and other advanced industries. We have that healthy supply chain with regard to automotive and advanced manufacturing," said Peter Chapman, Detroit Economic Growth Corp. executive vice-president for business development.

A 2012 study found Detroit had about 20 square miles (52 square kilometres) of vacant land across its 139 square miles (224-square-kilometres). Quasi-governmental groups such as land banks are empowered by cities to find, acquire and clean up the land to compete with suburban communities that have open expanses of cleaner soil. Since most of the vacant land isn't connected, those groups buy up adjacent lots here and there to make usable larger pieces.

Detroit's prime site for new manufacturing is the 186-acre (75-hectare) I-94 Industrial Park northeast of downtown. Flex-N-Gate is scheduled to open there next year.

It's "an example of ... past work assembling smaller parcels into larger ones to accommodate a manufacturing operation such as the new Flex-N-Gate facility," Chapman said.

Other companies already in Detroit or moving into the city include Sakthi Automotive Group, which is planning an 180,000-square-foot ($16,700-square-meter) expansion in southwest Detroit. ArcelorMittal plans to move into a 317,000-square-foot (29,400-square-meter) building in the I-94 Industrial Park to make steel blanks for the automotive industry. Linc Logistics' 500,000-square-foot (46,400-square-meter) facility was the first new tenant there after Michigan made the industrial park a tax-free zone to help attract companies and jobs.

Hoping to capitalize on companies' desire for vacant land, Detroit is undertaking a land-mapping analysis to identify vacant and under-utilized parcels that could be assembled into larger parcels.

"You've got to have the acreage assembled to be able to accommodate a facility of 200,000 to 400,000 square feet ... tracts of land that can be assembled that are in good location and have access to roads, so you're not running trucks through neighbourhoods," said Michael Samhat, president of Crown Enterprises which developed and owns the Linc Logistics site at the industrial park.

Bruce Katz, of the Brookings Institution, said it's not just about "real estate," but about access "to a talent po…

Detroit luring manufacturers to industrial park, vacant land
  1. Wisconsin Assembly set to approve $3 billion for Foxconn

    Canada.com - Business
    08.17 / 06:08 www.canada.com
    MADISON, Wis. — The Wisconsin Assembly planned to approve a $3 billion tax break Thursday for Taiwan-based Foxconn Technology Group to build a massive display panel factory in the state, a project President Donald Trump touted as a transformational win for the U.S.…
  2. Fugitive's trail exposes Red Bull co-owners' offshore deals

    Canada.com - Business
    08.17 / 06:08 www.canada.com
    The Bangkok billionaire family that co-founded Red Bull, the world's leading energy drink, uses offshore companies to cloak purchases of jets and luxury properties, including the posh London home where the clan's fugitive son was last…
  3. New Zealand lawmaker says good chance of Pacific trade deal

    Canada.com - Business
    08.17 / 06:08 www.canada.com
    WELLINGTON, New Zealand — New Zealand's trade minister said Thursday he believes there's an odds-on chance that a group of 11 Pacific nations including Japan and Australia will sign a free-trade deal, despite the U.S. pulling…
  4. Millennial Lithium Reports Positive Geophysical Results at the Pocitos West Lithium Brine Prospect

    Cbj.ca - Business
    08.17 / 05:36 cbj.ca
    VANCOUVER, British Columbia, Aug. 17, 2017 (GLOBE NEWSWIRE) — Millennial Lithium Corp. (TSX.V:ML) (Frankfurt:A3N2:GR) (OTCQB:MLNLF) (“Millennial” or the “Company”) is pleased to report encouraging results from a geophysical survey conducted at its Pocitos West property in the Pocitos-Rincon basin of Salta Province, Argentina. The results show continuity of possible lithium brine-bearing sediment from the salar…
  5. American Hotel Income Properties REIT LP Announces August 2017 U.S. Dollar Cash Distribution

    Cbj.ca - Business
    08.17 / 05:36 cbj.ca
    VANCOUVER, BC–(Marketwired – August 17, 2017) – American Hotel Income Properties REIT LP (“AHIP“) (TSX: HOT.UN) (TSX: HOT.DB.U) (OTCQX: AHOTF) announced today a cash distribution of US$0.054 per limited partnership unit (“Unit“) for the period of August 1, 2017 to August 31, 2017, which is equivalent to US$0.648 per Unit on an annualized basis. The…
  6. Banro Announces Q2 2017 Financial and Operating Results

    Cbj.ca - Business
    08.17 / 05:16 cbj.ca
    TORONTO, ONTARIO–(Marketwired – Aug. 16, 2017) - Banro Corporation (“Banro” or the “Company”) (NYSE American:BAA)(NYSE MKT:BAA)(TSX:BAA) today announced its financial and operating results for the second quarter of 2017. FINANCIAL SUMMARY Revenue of $42 million, a 30% decrease over Q2 2016 ($60 million) Q2 2017 EBITDA of $6.6 million, a 60% decrease over Q2 2016…
  7. Power Metals Corp. Commences Drill Program at Case Lake

    Cbj.ca - Business
    08.17 / 05:16 cbj.ca
    VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 17, 2017) - Power Metals Corp. (“Power Metals Corp.” or the “Company“) (TSX VENTURE:PWM)(FRANKFURT:OAA1) is pleased to announce that drilling has commenced at its Case Lake Property, near Cochrane Ontario. Power Metals has an 80% interest with its 20% working interest partner MGX Minerals Corp. (CSE:XMG). The 5000 m drill…
  8. Fugitive's trail exposes Red Bull co-owners' offshore deals

    Canada.com - Business
    08.17 / 05:09 www.canada.com
    In partnership with the holders of the leaked Panama Papers, The Associated Press has found that the Thai family that co-owns Red Bull used offshore companies to cloak purchases of aircraft and luxury…
  9. LL Bean boosting production of iconic boot

    Canada.com - Business
    08.17 / 05:09 www.canada.com
    LEWISTON, Maine — L.L. Bean hopes to give the boot to backlogs of its most iconic…
  10. Liberty One Lithium Reports Positive Geophysical Survey Results Exceed Expectations in Argentina

    Cbj.ca - Business
    08.17 / 04:57 cbj.ca
    VANCOUVER, BC–(Marketwired – Aug 17, 2017) – Liberty One Lithium Corp. (“Liberty” or the “Company”) (TSX VENTURE: LBY) (OTCQB: LRTTF) (FRANKFURT: L1T), is pleased to announce tremendous results from its geophysical survey at its Pocitos West property in Argentina. The Company has detected a probable brine horizon extending throughout the entire 29 km length of…
  11. Batero Gold Announces Grant of Options

    Cbj.ca - Business
    08.17 / 03:17 cbj.ca
    VANCOUVER, BC–(Marketwired – August 16, 2017) – Batero Gold Corp. (“Batero,” the “Company“) (TSX VENTURE: BAT) (FRANKFURT: 68B) (OTC PINK: BELDF) is pleased to announce the grant of 1,500,000 stock options (“Options“) to purchase common shares (“Shares“) to Gonzalo de Losada, President and CEO of Batero. All of the Options granted will vest immediately and…
  12. Troops to help cull fowl in Philippines’ bird flu battle

    Agcanada.com - Agriculture 
    08.17 / 02:32 www.agcanada.com
    Manila | Reuters — The Philippines will deploy hundreds of troops to hasten a cull of about 600,000 fowl, the farm minister said on Wednesday, as part of efforts to rein in the Southeast Asian nation’s first outbreak of bird flu. There has been no case of human transmission after…
  13. U.S. takes tough lines as NAFTA negotiations begin

    Agcanada.com - Agriculture 
    08.17 / 02:11 www.agcanada.com
    Washington | Reuters — The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing U.S. trade deficits with Mexico and Canada and boosting U.S. content for autos. At the start of talks in Washington, U.S. President Donald…
  14. JBS still seeks U.S. unit IPO

    Agcanada.com - Agriculture 
    08.17 / 01:50 www.agcanada.com
    Sao Paulo | Reuters — JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world’s No. 1 meatpacker wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal. In a Tuesday conference call to…
  15. Japan trade surges in July on strong demand in China, US

    Canada.com - Business
    08.17 / 01:45 www.canada.com
    TOKYO — Japan's exports and imports rose at a fast clip in July, reflecting a recovery in demand in China, Southeast Asia and the U.S., according to data released…
  16. Apolo Acquisition Corp. Completes Initial Public Offering

    Cbj.ca - Business
    08.17 / 01:33 cbj.ca
    TORONTO, Aug. 16, 2017 (GLOBE NEWSWIRE) — Apolo Acquisition Corp. (the “Corporation”) is pleased to announce that it completed an initial public offering in Ontario, British Columbia and Alberta of 5,000,000 common shares in the capital of the Corporation (the “Common Shares”) at a price of $0.10 per Common Share for aggregate gross proceeds of…
  17. Macro Enterprises Inc. Announces 2017 Second Quarter Results

    Cbj.ca - Business
    08.17 / 01:33 cbj.ca
    FORT ST. JOHN, British Columbia, Aug. 16, 2017 (GLOBE NEWSWIRE) — Macro Enterprises Inc. (TSX-V:MCR)       Summary of financial results        (thousands of dollars except per share amounts)       Three months ended June 30 Six months ended June 30     2017   2016     2017    …
  18. Kane Biotech – Q2 2017 Financial Results

    Cbj.ca - Business
    08.17 / 01:33 cbj.ca
    WINNIPEG, Manitoba, Aug. 16, 2017 (GLOBE NEWSWIRE) — Kane Biotech Inc. (TSX-V:KNE) (the “Corporation” or “Kane Biotech”) is pleased to announce its Q2 2017 Financial Results. Highlights: Total Revenues: For the six months ended June 30, 2017 were $890,906, an increase of 262% compared to $245,993 for the six months ended June 30, 2016;  For the quarter…
  19. Environmental Impact Statement for the Red Mountain Underground Gold Project

    Cbj.ca - Business
    08.17 / 01:10 cbj.ca
    VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 16, 2017) - IDM Mining Ltd. (TSX VENTURE:IDM)(OTCQB:IDMMF) (“IDM” or the “Company”) is pleased to announce that it has formally received complete comments on the Red Mountain Underground Project (the “Project”) Project Application and Environmental Impact Statement (the “Application/EIS”) from the BC Environmental Assessment Office (“BC EAO”) and Canadian Environmental…
  20. Options weighed for AgriRecovery in B.C. fire zones

    Agcanada.com - Agriculture 
    08.17 / 00:25 www.agcanada.com
    Officials in British Columbia are now gauging what sorts of damages and expenses can be covered through an AgriRecovery plan for ranchers and farmers affected by wildfires. The federal and B.C. governments announced Wednesday they’re “working together to quickly assess the extraordinary costs farmers are incurring and what additional assistance…