Methode Electronics moves headquarters from Chicago to Southfield, promising 90 jobs
The auto and industrial parts maker plans $3.7 million in investment and at least 90 new jobs by 2030, backed by a $900,000 state performance grant.
By OCJ Staff
Methode Electronics, a Chicago-based maker of electrical components, has relocated its headquarters from Chicago to Southfield, Gov. Gretchen Whitmer's office announced Tuesday, Oct. 6.
The company plans to invest $3.7 million and create at least 90 new jobs by 2030, according to the announcement. Methode already had 59 employees in Michigan.
The new jobs start at $29.41 an hour plus benefits, nearly $5 above the regional median wage, the state said.
State grant
The Michigan Strategic Fund approved a $900,000 performance-based grant from the Michigan Business Development Program to support the move.
Under a performance grant, the money is paid out as the company hits agreed milestones. The state said the grant can be amended or canceled if Methode doesn't meet its commitments. The Michigan Business Development Program itself ended Sept. 30, 2026, according to the announcement.
About the company
Methode was founded in Chicago in 1946. It operates in 14 countries and employs more than 6,500 people worldwide, making components for the automotive, aerospace, commercial vehicle and industrial markets, the state said.
The company has moved its headquarters and principal office presence to Southfield. DeGaynor cited being closer to customers and the Detroit auto industry, and the announcement also pointed to the region's manufacturing and talent base.
"Our move to Southfield is a natural next step in Methode's transformation," CEO Jon DeGaynor said in the release.
Southfield Mayor Kenson Siver said the investment will bring quality jobs to the city, and Oakland County Executive David Coulter said it shows confidence in the local workforce. State Rep. Samantha Steckloff, D-Farmington Hills, also backed the grant.
The announcement did not give the address of the new headquarters or a move-in date.
This story uses information from the office of Gov. Gretchen Whitmer.