Repocast.com Invests in Flint, Creates New Jobs
Repocast.com, an affiliate of Miedema Auctioneering & Appraisals, Inc. has announced plans to expand the business and move to a new larger location in Flint. The auction house will be located adjacent to the former Buick City property located at 2851 James P. Cole Boulevard.
The company plans to invest $2 million to expand their operations. The expansion is expected to create 30 new jobs over the next year. In addition, 15 employees will relocate to the new site from the company’s Ortonville location.
Repocast.com is an Internet auction company that conducts millions of dollars of auction sales annually and has a broad following of online bidders from all over the world. It offers commercial, business and personal assets of all types such as one-of-a kind cars, boats, personal watercraft, machinery, recreational vehicles, furniture and more. The liquidated items are received from businesses, banks and credit unions or have been repossessed. Repocast.com also offers the general public a place to both buy and sell their own equipment, items and merchandise.
The project includes a 100,000 square foot building, a 76,000 square foot mezzanine area and 26 acres of outdoor storage. The company is currently remodeling and expects to begin operations at the new site in mid-to-late July.
Sid Miedema, CEO, Repocast.com and Miedema Auctioneering, Inc is excited about the expansion and benefits for their customers, and importantly, the positive impact it will have on the City of Flint. “We’re excited to open our new facility in Flint,” said Miedema. “It allows us to grow our business, invest in the area and bring new jobs. It doesn’t get better that that.”
“We are also very appreciative of the support we received from the City of Flint and the Genesee Regional Chamber of Commerce in assisting us with the project,” Miedema added.
Janice Karcher, Vice President of Economic Development for the Genesee Regional Chamber of Commerce said the expansion plans for Repocast.com is terrific news for the company and the City of Flint. “It’s always great news when we can help companies grow their business and this new site is another signal of economic growth in our region.”