Michigan Governor Gretchen Whitmer announced a business expansion project in the Upper Peninsula expected to create 40 new jobs and generate nearly $13 million in capital investment has received support from the Michigan Strategic Fund. The project is in Marquette.
Able Medical Devices, headquartered in Marquette, began operations in 2018 as a contract manufacturer of medical device implant and instruments. The company currently has manufacturing operations in Gwinn at KI Sawyer but has reached the facility’s capacity. As a result, it’s expanding its operations to accommodate its growth in the industry by constructing a new 30,000-square-foot manufacturing facility.
This expansion is expected to result in the creation of 40 new jobs in the region with an average wage of over $36 per hour plus benefits, a wage in which is 75% higher than the Regional Median Wage of $20.88. The company anticipates this expansion will result in nearly $13 million in capital investment with the support of a $500,000 Michigan Business Development Program grant.
Able’s investment advances the state’s life sciences and medical devices sector, a key industry that continues to be a significant contributor to the state’s overall economy.