WALKER, MI (WKZO AM/FM) – Monday, Governor Gretchen Whitmer joined a group of business, state, and local officials to celebrate the groundbreaking of Speedrack Products Group’s new manufacturing facility in Walker, which is expected to create 164 new jobs.
The project is expected to generate a total private investment of $64.5 million, and Michigan was chosen over a competing site in Indiana with the support of an $820,000 Michigan Business Development Program performance-based grant from the Michigan Strategic Fund.
Governor Whitmer speaks at Speedrack Groundbreaking Event. (Photo courtesy Office of Governor Whitmer).
“Speedrack Products’ investmen
Whitmer made her remarks today at the groundbreaking ceremony of the company’s new manufacturing facility in Walker, announcing the $820,000 Michigan Business Development Program performance-based grant from the Michigan Strategic Fund at the event.
According to Whitmer’s office, Speedrack Products Group Ltd. has been a leading provider of pallet racking and storage systems for more than 50 years. The company established its first headquarters in Sparta in 1989, and today employs 278 people between its Sparta and Quincy (Branch County) locations.
Speedrack handles all aspects of material handling in-house with engineering design for its warehouse facilities, distribution centers, and all other material handling systems.
Whitmer adds that Speedrack has experienced significant growth due to the growth of e-commerce and system-based designs, and plans to double production by 2023 to meet growing customer demands.
The company is establishing this new facility in the city of Walker where it will roll-form, weld, and powder-coat paint fabricated pallet rack and system type modules. The facility will utilize automated systems wherever feasible.
“Our customers, particularly those in the e-commerce industry, have seen a significant increase in sales over the last several years, and so Speedrack has invested and grown in order to support that growth,” Speedrack President Eric Quist said. “We recognized that if we were going to continue to meet this new demand, we needed to expand our manufacturing footprint. Thanks to the support provided by The Right Place with their partners at the Michigan Economic Development Corporation, we were able to focus our growth here in West Michigan, for which we are thrilled. Finally, none of this would be possible without the owners of Speedrack Ron and Dawn Ducharme who reinvest 100% of the profits back into the company.”
The city of Walker has offered a 50-percent property tax abatement in support of the project and The Right Place is supporting the project through marketing and recruitment efforts.
Individuals interested in careers with Speedrack can visit https://apply.speedrack.
“We are very excited to welcome Speedrack and their employees to Walker,” Mayor of Walker Gary Carey, Jr. said. “Their decades of successful experience providing customized solutions to their customers’ needs and challenges align with how the City of Walker works with its businesses and residents. Speedrack will be a welcome addition to a thriving and rapidly growing industrial area in our city.”
Further Reading:
- This is only the latest new manufacturing project to be announced in the West Michigan area. Last week, Midwest Fastener announced a large expansion in Portage and Decatur. More on that story can be found here.
