Jedco receives $1.9M state support for aerospace expansion

Jedco Inc., an aerospace components manufacturer in Grand Rapids, Michigan, received $1.9 million in collateral support from the Michigan Economic Development Corporation to expand its line of credit. The company plans to add machinery, equipment, and 35 new employees over the next two years.

“The Michigan Strategic Fund has agreed to provide $2 million in collateral to Macatawa Bank on behalf of Jedco, a manufacturer of gas turbine engines and other components for the aerospace industry.”mlive.com

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• mlive.comGrand Rapids aerospace manufacturer gets $1.9M in support from state - mlive.comBrian McVicarFeb 27, 2020

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