DETROIT – YFS Automotive Systems, Inc. is creating 160 new jobs in Detroit.
YFS, a Tennessee company, is investing $26.9 million in a new facility to design and manufacture automotive fuel system components. The move was announced Tuesday by the Michigan Economic Development Corporation.
"This company could have chosen any number of places in the U.S. to invest and grow and the fact that they chose Michigan is a testament to our growing economy and outstanding workforce," MEDC Chief Executive Officer Steve Arwood said.
YFS will receive a $1.3 million Michigan Business Development Program performance-based grant, the reason the company brought the project to Michigan rather than Ohio.
YFS was founded in 1997 and purchased by a Chinese company in 2014. The company plans to acquire 30 acres of vacant industrial property in Detroit to construct a 150,000 square-foot facility.
The City of Detroit has offered support in the form of property tax abatement.