New Markets Tax Credit Coalition

Vantage Plastics

Vantage Plastics Expansion Creating Job Opportunities in Bay City

Investment

  • NMTC Amount: $6,500,000
  • Total Project Cost: $24,967,993

IMPACT

  • 113 FTE jobs
  • 100 construction jobs
  • 108 jobs created and 5 jobs retained.
  • 325,000 sq. ft. of real estate

Project Description

Vantage Plastics (“Vantage”) is a family owned and operated custom thermoforming company that designs, tools, samples, and produces plastic products including plastic pallets, packaging, automotive parts, and medical devices. Since starting in 1996 with the purchase of a small thermoforming facility in Standish, MI, Vantage has grown into a family of six companies that employs over 250 Michigan residents.

The project consists of the acquisition and renovation of a long-vacant building on a brownfield site in Bay City, MI into a new 325,000-sq. ft. manufacturing and warehouse facility for Vantage.

The project includes 215,000 sq. ft. of space for Vantage’s plastic thermoforming and injection molding operations; 100,000 sq. ft. of space for the production of custom thermoplastic polyolefin sheet stock by Vantage subsidiary Airpark Plastics; and 10,000-sq. ft. of office space for staff. NMTC financing will also be used to purchase and install new injection molding, extrusion, and thermoforming machines needed to expand production capacity and meet demand.

MAP

Address: 4675 Wilder Road, Bay City, MI 48706

Census Tract: 26017281300

Other Michigan Projects

Financing for a school designed to eliminate the achievement gap and provide quality public school choice for local families.
An open air retail mall located on Eight Mile Road in Detroit, MI, this project constructed a major retail center remediating a 36-acre Brownfield site at the Southeast corner of
An expansion project that requires a multi-year capital investment of $22 million but is expected to yield an additional 50-70 new jobs for the rural community.
Purchase, installation and operation of new equipment in an ice cream manufacturing facility in Holland, MI.