LANSING, Mich. — State Sen. Wayne Schmidt on Monday congratulated Manthei Veneer of Petoskey for receiving a grant from the Michigan Economic Development Corporation (MEDC) that will help the company expand its operations in northern Michigan.
“I am excited about this opportunity to see a great northern Michigan business grow and continue to provide good jobs here in my district,” said Schmidt, R-Traverse City. “This grant will allow Manthei to rebuild and expand its manufacturing operations with new, state-of-the-art equipment that will greatly increase efficiency and create 35 jobs.”
Established in the Petoskey area in 1967, Manthei Veneer manufactures hardwood veneers in a wide variety of tree species and grades that are supplied to the hardwood industry. The company recently experienced a fire at its facility in Emmet County that destroyed its lathing operations.
The company has been awarded a $280,000 Michigan Business Development Program performance-based grant that will assist Manthei in expanding its facility and rebuilding the lathing operations.
The project is expected to generate a total capital investment of $9.1 million and create 35 jobs. Michigan was chosen over two competing sites in Wisconsin.
“This is outstanding news for Emmet County and northern Michigan as a whole. With this grant, we are attracting new jobs and opportunities, while supporting a local business that has been in the Petoskey community for decades,” Schmidt said. “These grants are extremely targeted and very competitive. I applaud everyone at Manthei Veneer for their dedication to our community and the state of Michigan.”