# 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.

- Type: Expansion
- Announced: 2020-02-27
- Where: Grand Rapids, Michigan, United States
- Value: $1.90M
- Jobs: 35
- Status: announced
- Products: gas turbine engine components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Jedco](https://endata.com/companies/31002.md)
- [Michigan Economic Development Corporation](https://endata.com/companies/861.md) (investor)

## Sources

- [mlive.com](https://www.mlive.com/news/grand-rapids/2020/02/grand-rapids-aerospace-manufacturer-gets-19m-in-support-from-state.html), 2020-02-27: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.