Michigan Business Development Program Projects
See the listing of Michigan Business Development Program projects approved by the Michigan Strategic Fund to date.Business Development Programs Report
The Report was last updated on Feb 1, 2025.
BENTELER Automotive Corporation - Performance Based Grant
| Approval Date: | Dec 10, 2024 |
|---|---|
| Location: | Wyoming |
| Project Investment: | Up to $105.00 million |
| Projected Jobs: | 147 |
| Projected Award Amount: | Up to $1.40 million |
Howmet Corporation - Performance Based Grant
| Approval Date: | Dec 10, 2024 |
|---|---|
| Location: | Whitehall |
| Project Investment: | Up to $107.50 million |
| Projected Jobs: | 300 |
| Projected Award Amount: | Up to $5.10 million |
HTC Global Services, Incorporated - Performance Based Grant
| Approval Date: | Dec 10, 2024 |
|---|---|
| Location: | Troy |
| Project Investment: | Up to $5.70 million |
| Projected Jobs: | 190 |
| Projected Award Amount: | Up to $1.52 million |
Performance Fabrics, Inc. d/b/a HexArmor - Performance Based Grant
| Approval Date: | Dec 6, 2024 |
|---|---|
| Location: | Grand Rapids |
| Project Investment: | Up to $11.40 million |
| Projected Jobs: | 100 |
| Projected Award Amount: | Up to $700,000 |
Project Zeus - Envergia Inc. - Performance Based Grant
| Approval Date: | Dec 3, 2024 |
|---|---|
| Location: | Detroit |
| Project Investment: | Up to $32.67 million |
| Projected Jobs: | 52 |
| Projected Award Amount: | Up to $750,000 |
Loukus Technologies, Inc. - Performance Based Grant
| Approval Date: | Oct 22, 2024 |
|---|---|
| Location: | Calumet |
| Project Investment: | Up to $1.61 million |
| Projected Jobs: | 46 |
| Projected Award Amount: | Up to $300,000 |
SAAB Inc. - Performance Based Grant
| Approval Date: | Sep 24, 2024 |
|---|---|
| Location: | Grayling, MI |
| Project Investment: | Up to $75.00 million |
| Projected Jobs: | 69 |
| Projected Award Amount: | Up to $3.50 million |
Laepple Automotive US Inc - Performance Based Grant
| Approval Date: | Sep 24, 2024 |
|---|---|
| Location: | Detroit |
| Project Investment: | Up to $93.40 million |
| Projected Jobs: | 173 |
| Projected Award Amount: | Up to $3.50 million |
Robert Bosch LLC - Performance Based Grant
| Approval Date: | Sep 13, 2024 |
|---|---|
| Location: | Farmington Hills |
| Project Investment: | Up to $13.77 million |
| Projected Jobs: | 28 |
| Projected Award Amount: | Up to $500,000 |
J.M. Longyear Manufacturing, LLC - Performance Based Grant
| Approval Date: | Sep 5, 2024 |
|---|---|
| Location: | Marquette |
| Project Investment: | Up to $12.95 million |
| Projected Jobs: | 40 |
| Projected Award Amount: | Up to $500,000 |
Northland Corporation (AGA Marvel) - Performance Based Grant
| Approval Date: | Aug 27, 2024 |
|---|---|
| Location: | Greenville |
| Project Investment: | Up to $21.40 million |
| Projected Jobs: | 200 |
| Projected Award Amount: | Up to $1.28 million |
Precision Hardwoods, Inc. - Performance Based Grant
| Approval Date: | Jul 24, 2024 |
|---|---|
| Location: | Onaway |
| Project Investment: | Up to $11.96 million |
| Projected Jobs: | 18 |
| Projected Award Amount: | Up to $130,000 |
Cambium Enterprises, LLC - Performance Based Grant
| Approval Date: | Jul 23, 2024 |
|---|---|
| Location: | Traverse City |
| Project Investment: | Up to $1.19 million |
| Projected Jobs: | 34 |
| Projected Award Amount: | Up to $200,000 |
Forming AG - Performance Based Grant
| Approval Date: | Jul 18, 2024 |
|---|---|
| Location: | Schoolcraft |
| Project Investment: | Up to $16.10 million |
| Projected Jobs: | 50 |
| Projected Award Amount: | Up to $500,000 |
Flash Steelworks, Inc - Performance Based Grant
| Approval Date: | Jul 8, 2024 |
|---|---|
| Location: | Ira Township |
| Project Investment: | Up to $8.84 million |
| Projected Jobs: | 55 |
| Projected Award Amount: | Up to $750,000 |
Northern Hardwoods - a Longyear Company - Performance Based Grant
| Approval Date: | Jun 27, 2024 |
|---|---|
| Location: | Atlantic Mine |
| Project Investment: | Up to $4.75 million |
| Projected Jobs: | 0 |
| Projected Award Amount: | Up to $250,000 |
Norplas Industries, Inc. - Performance Based Grant
| Approval Date: | Jun 25, 2024 |
|---|---|
| Location: | Highland Park |
| Project Investment: | Up to $6.80 million |
| Projected Jobs: | 500 |
| Projected Award Amount: | Up to $816,000 |
DEKRA - Performance Based Grant
| Approval Date: | Jun 21, 2024 |
|---|---|
| Location: | Plymouth |
| Project Investment: | Up to $22.80 million |
| Projected Jobs: | 18 |
| Projected Award Amount: | Up to $180,000 |
dSPACE Inc., New Hudson - Performance Based Grant
| Approval Date: | May 1, 2024 |
|---|---|
| Location: | Wixom |
| Project Investment: | Up to $3.10 million |
| Projected Jobs: | 51 |
| Projected Award Amount: | Up to $408,000 |
Barron Industries, Inc. - Performance Based Grant
| Approval Date: | Apr 15, 2024 |
|---|---|
| Location: | Oxford |
| Project Investment: | Up to $9.16 million |
| Projected Jobs: | 50 |
| Projected Award Amount: | Up to $900,000 |
The following documents provide more information:
- Michigan Business Development Program Fact Sheet
- Michigan Business Development Program Process Documentation
- Michigan Business Development Program Guidelines Document
- Michigan Business Development Program Application Document
- Michigan Business Development Program Expansion of Program Guidelines for Strategic Business Growth Projects