CAS-MI Laboratories opens Innovation Center, receives $1.2 million tax credit for expansion in Michigan.
Not all Michigan
companies and industries are struggling during these challenging economic times
- some are thriving and expanding. CAS-MI Laboratories, Ypsilanti, MI, recently
opened its new Innovation Center, an incubator for new industrial and consumer
formulated products, including adhesives, coatings, plastics, and more.
The scientists at this independent facility can take a new or existing idea and
develop formulations through production, creating benchtop batches for testing
and scale-up. The center’s staff can also help with certifications and
environmental standards, as well as assist with managing toll production. The
center was designed to help companies turn their ideas and dreams into real
products in the marketplace.
“We can be a product-development and testing partner,” said Stephen C. Hall,
technical director of the CAS-MI
“Knowing that the lab is no substitute for real-world conditions, we can also
create different versions of a product for beta testing, application support
and market research.”
“The center’s affiliation with CAS-MI Laboratories ensures that our clients have
access to the resources of a full-service analytical laboratory,” says G. Fred
Willard, Ph.D., vice president of Technology. “If problems occur, our clients
can rely on CAS-MI to provide quick, reliable answers.”
Tax Credit Allows for Expansion
Michigan Governor Jennifer M. Granholm has announced that
the Michigan Economic Development Corp. (MEDC) is supporting CAS-MI
Laboratories’ new Innovation
Center. Based on MEDC’s
recommendation, the Michigan Economic Growth Authority (MEGA) approved a state
tax credit for CAS-MI valued at $1.2 million over 10 years.
Due to the company’s recent growth, expansion opportunities were explored in
both Michigan and Missouri, where the company headquarters is
located. However, both the MEGA tax credit and the support of Ypsilanti Township
encouraged the company to expand near its current location. The credit is aimed
at helping CAS-MI invest in the state’s economy.
This tax credit will help fund the expansion of the new Innovation Center.
Plans are under way for CAS-MI and the Innovation
Center to move from two separate
facilities into a newly purchased, 11,000-square-foot facility in Ypsilanti Township. CAS-MI plans to invest
millions of dollars in building renovations, new equipment and state-of-the-art
technology over the next five years. To further support local business, it will
contractors with skilled labor to expand and modify the new facility.
The company currently employs eight people, but plans to add 10 jobs by end of
2010. By 2014, the company expects to employ more than 60 people. CAS-MI prides
itself on hiring people from the southeast Michigan
area, including students and graduates from nearby Eastern Michigan
University. CAS-MI will
continue its dedication to hiring locals by engaging employees in technical, professional
and clerical roles.
“We’re thrilled to partner with the State of Michigan on job creation and expansion of
technical services,” said David W. Riggs, PE, president of CAS-MI Laboratories.
“We are especially excited about our Innovation
Center’s potential to
attract more entrepreneurs to our state.”
About CAS-MI LaboratoriesCAS-MI
Laboratories provides independent product testing and chemical analysis for the
adhesives, coatings, and polymer industries. Troubleshooting services include
deformulation, contaminant identification, failure analysis and materials
testing. The CAS-MI
offers formulation services, scale-up assistance, regulation support, toll
production and beta testing. CAS-MI Laboratories also specializes in litigation
support and consulting, with expert witness services for issues involving
coatings, polymers, plastics, adhesives, sealants, elastomers, and more.
For more information, visit www.cas-mi.com.