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Saab to build $75M munitions production facility in Grayling

Posted By: The Detroit News on September 24, 2024.  For more information, please click here to read the source article. Swedish aerospace and defense contractor Saab Inc. is planning a $75 million munitions production facility in Grayling Township, an investment that is expected to create up to 69 jobs and make use of testing facilities at nearby Camp […]

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Three Grand Rapids area companies plan $70M investment, 134 new jobs

Posted By: mlive on April 1, 2024.  For more information, please click here to read the source article. Three Grand Rapids area companies — representing the medical device, dairy processing and adhesive vinyl film industries — are expanding, and plan to add 134 new jobs and $70 million in capital investment. The expansions were announced by regional economic […]

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Lucid Motors awarded $6 million grant for Southfield engineering and research center

Posted By: The Detroit News on February 27, 2024.  For more information, please click here to read the source article The Michigan Strategic Fund board on Tuesday approved a $6 million grant to support California-based electric vehicle startup Lucid Motors in establishing a $10 million engineering and research center in Southfield. The project, supported by the governing board […]

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State Approves $87.5M in Grants to Bolster Project Site Readiness Efforts

Posted By: mlive on February 1, 2024.  For more information, please click here to read the source article. The Michigan Economic Development Corp. (MEDC) has approved $87.5 million in grant funding for 18 projects across the state of Michigan — including two in metro Detroit — through the Strategic Site Readiness Program (SSRP), which support the state’s efforts […]

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MEDC OKs $5M grant for $41M Samsung expansion, 368 new jobs in Auburn Hills

Posted By: The Detroit News on September 26, 2023.  For more information, please click here to read the source article. The Michigan Strategic Fund board on Tuesday approved a $5 million grant for Samsung SDI America Inc.’s plans to expand two facilities in Auburn Hills, creating up to 368 jobs. According to an MEDC briefing memo, the $41 […]

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Tech firm plans 73 jobs, $4.8M investment in Grand Rapids

Posted By: mlive on May 20, 2023.  For more information, please click here to read the source article. A Grand Rapids-based tech firm, whose online app is designed to help stockholders claim company gifts and perks, has received a $510,000 state grant if it creates up to 73 jobs over the next three years.  TiiCKER, which has offices […]

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MEDC Approves $116M for Development Projects Across Michigan

Posted By: DBUSINESS on November 10, 2022.  For more information, please click here to read the source article.   The Michigan Economic Development Corp. in Lansing approved three major development projects in Flint, Lansing, and Parma representing a total capital investment of $116.5 million from the Michigan Strategic Fund. In Flint, funds will be used for the redevelopment […]

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Michigan Strategic Fund Approves Projects Totaling 1,869 Jobs, $550M in Investment

Posted By: DBUSINESS on October 26, 2022.  For more information, please click here to read the source article.   The Michigan Economic Development Corp. (MEDC) in Lansing announced Michigan Strategic Fund (MSF) approval of a wide range of new projects, that, in total, could create 1,869 jobs and generate more than $550 million in investment in the state. […]

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State incentivizes redevelopment of former Northville/Plymouth prison

Michigan’s economic engine on Tuesday approved incentives for redevelopment of the former prison site in Northville and Plymouth townships. The $38.7 million project calls for a nearly 66,000-square-foot commercial flex space development from an affiliate of Novi-based real-estate firm Hillside Investments, a large stormwater retention pond and 9,000-square-feet of infrastructure improvements that include sidewalks, curbs, asphalt paving […]

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