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 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 than that.
“We also are very appreciative of the support that we received from the City of Flint and the Genesee Regional Chamber of Commerce in assisting us with this 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 for the City of Flint.
“It’s always great news when we can help companies grow their businesses and create new jobs,” said Karcher. “Flint is a great place to do business and this new site is another signal of economic growth in our region.”
Cooper Commercial Group listed and sold the property to Miedema Companies. “We’re pleased to have had role in bringing new business to our community,” said Win Cooper, President of Cooper Commercial Group. “I want to thank Repocast.com for investing in Flint and contributing to our recovery.”
Over the past 28 years the Miedema Group has developed specific companies to help various businesses to liquidate assets:
Miedema Auctioneering, Inc.: Performs a variety of live auctions across the United States such as farm, agricultural, industrial, real estate, etc.
Miedema Appraisals, Inc.: Performs equipment appraisals across North America.
Orbitbid.com, Inc.: Currently liquidates assets across the United States for the world’s largest retailer and other Fortune 500 companies on a weekly basis for those who do not want to conduct their own online auctions.
LASTBIDrealestate.com, Inc.: Conducts online real estate auctions for many property types throughout Michigan, Indiana, Illinois and Ohio.
Online-AuctionSoftware.com, Inc.: Provides online auction software for independent auction companies across the world.