The state of Michigan established recovery zones in 1996 to assist the tool and die industry, which further expanded throughout subsequent years. The zones allow businesses to receive tax benefits while focusing on best practices, pending local and state government approval.
Because Baker is now expanding its recovery zone. As Macomb Patch notes, the company has recently “almost tripled its workforce and invested $1.5 million in a new 42,000-square-foot building” and “another $1.4 million in older facility. Part of these growth efforts were enabled by Macomb’s Board of Trustees granting the company a seven-year renewal of its tax exempt status.
“In 2009, we were on the ropes, but through reinvestment, we’re turning the whole company around and landing entire build projects, so we’re not just doing one section of tooling, we’re actually doing the whole thing,” co-owner Scott Baker told Macomb Patch last year upon receiving that renewal. “We’re bringing typically out-of-state work here.”