Diecaster Pace Industries has relocated its Arkansas headquarters to Novi, Michigan. The move is expected to create more than 60 new jobs in Novi initially while generating a total private investment of $1.9 million with the support of a $250,000 Michigan Business Development Program performance-based grant approved by the Michigan Strategic Fund.
Michigan was chosen for the project after considering Philadelphia, Chicago, Atlanta, or remaining in Fayetteville. Pace has a workforce of 360 employees in Detroit and Muskegon.