Pace Industries takes headquarters to Michigan
Diecaster Pace Industries has relocated its Arkansas headquarters to Novi, Michigan. The move is expected to create more than 60 new jobs in Novi initially while generating a total private investment of $1.9 million with the support of a $250,000 Michigan Business Development Program performance-based grant approved by the Michigan Strategic Fund.
Michigan was chosen for the project after considering Philadelphia, Chicago, Atlanta, or remaining in Fayetteville. Pace has a workforce of 360 employees in Detroit and Muskegon.
“Pace Industries recently moved its global headquarters to the Metro Detroit area for better access to our customer and supply bases and the engaged, experienced talent that Michigan has to offer,” said Donald Hampton Jr., CEO of Pace Industries. “The MEDC, Detroit Regional Partnership, city and county all provided support with the initial move and continue to work as valued partners as we expand our team.”
The new location, close to a major travel hub, puts the company in proximity to the engineering talent as well as many of its automotive and nonautomotive customers in the Midwest, Pace officials said.
“Novi is a dynamic community on many fronts, from a magnet to businesses around the globe to being a sought-after, welcoming, diverse neighborhood that more than 65,000 residents call home,” Novi Mayor Bob Gatt said. “Now, the opportunity to host Pace Industries, once again, places Novi on the map as a leader in the business world and we couldn’t be more excited to welcome them to the Novi family.”