RWI Manufacturing Constructing New Industrial Facility in Owosso, Receives Support from City Council
RWI Manufacturing, an Owosso-based custom metal fabricator specializing in the design and fabrication of technical industrial equipment, is building a new 10,000 sq ft building in the Owosso Southeast Industrial Park.
The company, which is currently located in downtown Owosso at 216 E Exchange St, is undertaking the project as a result of increased business opportunities. RWI, which currently employs 10, is making a $1,388,000 capital investment (which includes the building and machinery & equipment) and is expected to create five jobs. The effort is being financed by Chemical Bank.
"We are excited about this new venture, which will give us more operational capacity and enable us to accommodate additional customer growth," said company President Bret Ruess. "This will certainly have a very strong, positive economic impact on the Owosso community and the surrounding region," he added.
The Owosso City Council recently approved a 12-year, 50% property tax abatement on the new investment to support the company's expansion.
"I continue to be extremely pleased at the level of growth we're seeing among job providers in Owosso," said Mayor Ben Frederick. "The city welcomes RWI's expansion and the jobs that it creates in our city. We wish them every success moving forward."
"This is the first substantial new stand-alone industrial building construction in Shiawassee County in some time, and symbolizes the continued rebirth of manufacturing in our area," said Justin Horvath, President/CEO of the Shiawassee Economic Development Partnership, which has provided project assistance. "It's also important to note that this company was started by local entrepreneurs, who have successfully grown the company to this point, and we look forward to their continued success in the future," Horvath added.