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Kostal move to Troy could create 203 jobs.(News)
Crain's Detroit Business, June, 2007
Byline: Chad Halcom A move from Novi to Troy for automotive mechanical and electrical switch supplier Kostal of America Inc. may benefit one city without greatly hurting the other, in a deal with state and local officials expect to be finalized within days. The Troy City Council expects to hold a public hearing today and then vote on the proposed property tax abatement for Kostal to move its headquarters into the former Collins & Aikman Corp.
building at Stephenson Highway and 14 Mile Road, which now sits vacant. Officials expect the move to create 203 jobs in Michigan and locate roughly 250 employees in Troy. The company's five-year lease in Novi ends June 1, according to CoStar Group, the online commercial real estate database. Brian Murphy, assistant...
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