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Second Chance Armor to Expand Manufacturing Facility in Michigan

CENTRAL LAKE TOWNSHIP, Mich. (April 25, 2006) — The Michigan Economic Development Corp. (MEDC) approved a Single Business Tax credit valued at more than $766,000 over nine years.

  [ 4/25/2006 ]  By: NEWS BRIEF   Related Link...  Print This Article  Reprint/License This Article  

Second Chance Armor Inc. recently announced that it will invest more than $1 million to expand and resume operations at its existing facility in Central Lake Township to accommodate the manufacture of a new line of concealable body armor. The project is expected to create 160 new jobs, including 100 directly by the company.

The Michigan Economic Development Corp. (MEDC) approved a Single Business Tax credit valued at more than $766,000 over nine years, while the Central Lake Township has proposed a 12-year tax abatement valued at $70,000 to support the project.

“From the very first day Armor Holdings purchased the assets of Second Chance at the bankruptcy auction, we’ve been impressed by the professionalism and high level of productivity of our Michigan employees,” Vice President and General Manager of Second Chance Armor, Inc. Glenn L. Katz said “Our employees’ attitude and productivity, together with the great cooperation and support from state and local governments, is what convinced us that we should expand our production in Michigan instead of in one of our eight other plants that produce body armor.”

The expansion is one of five economic development projects the Governor announced today. In all, they are expected to create and retain a total of 14,297 Michigan jobs.

Armor Holdings, Inc., a leading manufacturer and distributor of security products and vehicle armor systems serving military, law enforcement, homeland security and commercial markets, bought the majority of the assets of the former Second Chance Body Armor Inc., out of bankruptcy in July, 2005 and now operates the newly-incorporated entity as a wholly owned subsidiary.

Armor Holdings is a Fortune 1000 Company and was listed on FORTUNE Magazine’s 2005 100 Fastest-Growing Companies List.

 



 
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