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 Nov 21, 2024.
Payload CMS - Performance Based Grant
| Approval Date: | Sep 18, 2023 |
|---|---|
| Location: | Grand Rapids |
| Project Investment: | Up to $875,000 |
| Projected Jobs: | 55 |
| Projected Award Amount: | Up to $302,500 |
Carter Associates - Performance Based Grant
| Approval Date: | Sep 8, 2023 |
|---|---|
| Location: | Burr Oak |
| Project Investment: | Up to $3.00 million |
| Projected Jobs: | 20 |
| Projected Award Amount: | Up to $100,000 |
Zoetis Inc. - Performance Based Grant
| Approval Date: | Sep 5, 2023 |
|---|---|
| Location: | Kalamazoo |
| Project Investment: | Up to $115.00 million |
| Projected Jobs: | 59 |
| Projected Award Amount: | Up to $295,000 |
Altus Industries II, Inc. - Performance Based Grant
| Approval Date: | Aug 28, 2023 |
|---|---|
| Location: | Kentwood |
| Project Investment: | Up to $1.16 million |
| Projected Jobs: | 27 |
| Projected Award Amount: | Up to $128,250 |
Stealth Enterprises LLC - Performance Based Grant
| Approval Date: | Aug 24, 2023 |
|---|---|
| Location: | Sturgis |
| Project Investment: | Up to $874,614 |
| Projected Jobs: | 50 |
| Projected Award Amount: | Up to $200,000 |
Fraud Sniffr, Inc - Performance Based Grant
| Approval Date: | Aug 24, 2023 |
|---|---|
| Location: | Grand Haven |
| Project Investment: | Up to $585,000 |
| Projected Jobs: | 45 |
| Projected Award Amount: | Up to $225,000 |
OP Mobility (Plastic Omnium) - Performance Based Grant
| Approval Date: | Aug 22, 2023 |
|---|---|
| Location: | Grand Blanc Township |
| Project Investment: | Up to $171.25 million |
| Projected Jobs: | 175 |
| Projected Award Amount: | Up to $5.00 million |
Visioneering - Performance Based Grant
| Approval Date: | Aug 16, 2023 |
|---|---|
| Location: | Auburn Hills |
| Project Investment: | Up to $25.00 million |
| Projected Jobs: | 238 |
| Projected Award Amount: | Up to $880,000 |
SJS Electric VDC - Performance Based Grant
| Approval Date: | Aug 7, 2023 |
|---|---|
| Location: | Battle Creek |
| Project Investment: | Up to $762,040 |
| Projected Jobs: | 60 |
| Projected Award Amount: | Up to $350,000 |
Madsen Steel Wire Products, LLC - Performance Based Grant
| Approval Date: | Aug 2, 2023 |
|---|---|
| Location: | Bronson |
| Project Investment: | Up to $6.90 million |
| Projected Jobs: | 70 |
| Projected Award Amount: | Up to $552,000 |
Bandit Industries, Inc. - Performance Based Grant
| Approval Date: | Jul 31, 2023 |
|---|---|
| Location: | Mt. Pleasant |
| Project Investment: | Up to $1.50 million |
| Projected Jobs: | 80 |
| Projected Award Amount: | Up to $360,000 |
Big Rapids Products - Performance Based Grant
| Approval Date: | Jul 26, 2023 |
|---|---|
| Location: | Big Rapids |
| Project Investment: | Up to $3.05 million |
| Projected Jobs: | 60 |
| Projected Award Amount: | Up to $480,000 |
Cabinetworks Group Michigan LLC. - Performance Based Grant
| Approval Date: | Jul 25, 2023 |
|---|---|
| Location: | Livonia |
| Project Investment: | Up to $14.26 million |
| Projected Jobs: | 110 |
| Projected Award Amount: | Up to $600,000 |
Magna Seating of America - Performance Based Grant
| Approval Date: | Jul 25, 2023 |
|---|---|
| Location: | Auburn Hills |
| Project Investment: | Up to $105.17 million |
| Projected Jobs: | 532 |
| Projected Award Amount: | Up to $4.25 million |
Bollinger Motors - Performance Based Grant
| Approval Date: | Jul 25, 2023 |
|---|---|
| Location: | Oak Park |
| Project Investment: | Up to $44.00 million |
| Projected Jobs: | 237 |
| Projected Award Amount: | Up to $3.00 million |
Luxwall, Inc - Performance Based Grant
| Approval Date: | Jul 25, 2023 |
|---|---|
| Location: | Detroit |
| Project Investment: | Up to $165.68 million |
| Projected Jobs: | 453 |
| Projected Award Amount: | Up to $6.00 million |
Vantage Plastics - Performance Based Grant
| Approval Date: | Jul 25, 2023 |
|---|---|
| Location: | Bay City |
| Project Investment: | Up to $30.95 million |
| Projected Jobs: | 93 |
| Projected Award Amount: | Up to $1.20 million |
AAR Mobility Systems - Performance Based Grant
| Approval Date: | Jul 18, 2023 |
|---|---|
| Location: | Cadillac, MI |
| Project Investment: | Up to $14.00 million |
| Projected Jobs: | 41 |
| Projected Award Amount: | Up to $500,000 |
Fabric Building Covers USA, Inc - Performance Based Grant
| Approval Date: | Jul 17, 2023 |
|---|---|
| Location: | Hudsonville |
| Project Investment: | Up to $1.54 million |
| Projected Jobs: | 21 |
| Projected Award Amount: | Up to $117,600 |
AKWEL (AVON Automotive Holding Inc.) - Performance Based Grant
| Approval Date: | Jul 6, 2023 |
|---|---|
| Location: | Cadillac |
| Project Investment: | Up to $1.40 million |
| Projected Jobs: | 12 |
| Projected Award Amount: | Up to $72,000 |
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