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 Jul 11, 2026.
LM MARINE SERVICES, LLC - Performance Based Grant
| Approval Date: | Jun 3, 2026 |
|---|---|
| Location: | Charlevoix |
| Project Investment: | Up to $7.15 million |
| Projected Jobs: | 12 |
| Projected Award Amount: | Up to $150,000 |
Acra Cast - Performance Based Grant
| Approval Date: | Apr 21, 2026 |
|---|---|
| Location: | Bay City |
| Project Investment: | Up to $2.20 million |
| Projected Jobs: | 25 |
| Projected Award Amount: | Up to $100,000 |
Saginaw Control & Engineering - Performance Based Grant
| Approval Date: | Apr 1, 2026 |
|---|---|
| Location: | Saginaw |
| Project Investment: | Up to $50.00 million |
| Projected Jobs: | 95 |
| Projected Award Amount: | Up to $570,000 |
Pratt Miller - Performance Based Grant
| Approval Date: | Mar 31, 2026 |
|---|---|
| Location: | New Hudson |
| Project Investment: | Up to $2.96 million |
| Projected Jobs: | 50 |
| Projected Award Amount: | Up to $375,000 |
Aries Financial Inc. - Performance Based Grant
| Approval Date: | Mar 31, 2026 |
|---|---|
| Location: | Detroit |
| Project Investment: | Up to $1.07 million |
| Projected Jobs: | 94 |
| Projected Award Amount: | Up to $250,000 |
FIBROSAN CAM - Performance Based Grant
| Approval Date: | Mar 13, 2026 |
|---|---|
| Location: | Cassopolis |
| Project Investment: | Up to $17.05 million |
| Projected Jobs: | 32 |
| Projected Award Amount: | Up to $200,000 |
Menco LLC - Performance Based Grant
| Approval Date: | Feb 24, 2026 |
|---|---|
| Location: | Wallace |
| Project Investment: | Up to $1.22 million |
| Projected Jobs: | 13 |
| Projected Award Amount: | Up to $100,000 |
Wilbur Products, Inc. DBA Motiv Bowling - Performance Based Grant
| Approval Date: | Jan 20, 2026 |
|---|---|
| Location: | Muskegon |
| Project Investment: | Up to $8.98 million |
| Projected Jobs: | 90 |
| Projected Award Amount: | Up to $540,000 |
Ricardo, LLC - Performance Based Grant
| Approval Date: | Jan 16, 2026 |
|---|---|
| Location: | Van Buren Township |
| Project Investment: | Up to $22.60 million |
| Projected Jobs: | 114 |
| Projected Award Amount: | Up to $855,000 |
Michigan Milk Producers Association - Performance Based Grant
| Approval Date: | Dec 9, 2025 |
|---|---|
| Location: | Remus |
| Project Investment: | Up to $122.68 million |
| Projected Jobs: | 76 |
| Projected Award Amount: | Up to $662,500 |
DDP Specialty Electronic Materials US,LLC - Performance Based Grant
| Approval Date: | Dec 9, 2025 |
|---|---|
| Location: | MIDLAND |
| Project Investment: | Up to $20.00 million |
| Projected Jobs: | 22 |
| Projected Award Amount: | Up to $200,000 |
HealthBridge Financial, Inc. - Performance Based Grant
| Approval Date: | Dec 9, 2025 |
|---|---|
| Location: | Grand Rapids |
| Project Investment: | Up to $17.28 million |
| Projected Jobs: | 200 |
| Projected Award Amount: | Up to $1.50 million |
Teradyne Inc. - Performance Based Grant
| Approval Date: | Dec 9, 2025 |
|---|---|
| Location: | Wixom |
| Project Investment: | Up to $32.00 million |
| Projected Jobs: | 231 |
| Projected Award Amount: | Up to $2.70 million |
Eccalon - Performance Based Grant
| Approval Date: | Dec 9, 2025 |
|---|---|
| Location: | Detroit |
| Project Investment: | Up to $71.00 million |
| Projected Jobs: | 800 |
| Projected Award Amount: | Up to $10.00 million |
Legacy Port Huron Paper Company, LLC - Performance Based Grant
| Approval Date: | Dec 8, 2025 |
|---|---|
| Location: | Port Huron |
| Project Investment: | Up to $24.50 million |
| Projected Jobs: | 82 |
| Projected Award Amount: | Up to $1.00 million |
Miller Industries, LLC/Miller Developers LLC - Performance Based Grant
| Approval Date: | Oct 8, 2025 |
|---|---|
| Location: | Fenton |
| Project Investment: | Up to $43.00 million |
| Projected Jobs: | 167 |
| Projected Award Amount: | Up to $1.00 million |
Utilidata, Inc. - Performance Based Grant
| Approval Date: | Oct 1, 2025 |
|---|---|
| Location: | Ann Arbor |
| Project Investment: | Up to $4.48 million |
| Projected Jobs: | 27 |
| Projected Award Amount: | Up to $250,000 |
Astemo Americas, Inc. - Performance Based Grant
| Approval Date: | Sep 30, 2025 |
|---|---|
| Location: | Wixom |
| Project Investment: | Up to $95.00 million |
| Projected Jobs: | 200 |
| Projected Award Amount: | Up to $2.00 million |
J.R. Automation Technologies, LLC - Performance Based Grant
| Approval Date: | Sep 30, 2025 |
|---|---|
| Location: | Zeeland |
| Project Investment: | Up to $72.80 million |
| Projected Jobs: | 150 |
| Projected Award Amount: | Up to $1.60 million |
American Rheinmetall - Performance Based Grant
| Approval Date: | Sep 30, 2025 |
|---|---|
| Location: | Auburn Hills |
| Project Investment: | Up to $31.75 million |
| Projected Jobs: | 450 |
| Projected Award Amount: | Up to $7.52 million |
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