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 24, 2026.
Triton Industries, Inc./Manitou - Performance Based Grant
| Approval Date: | Feb 28, 2022 |
|---|---|
| Location: | Lansing |
| Project Investment: | Up to $11.97 million |
| Projected Jobs: | 197 |
| Projected Award Amount: | Up to $395,500 |
Dana Incorporated - Performance Based Grant
| Approval Date: | Feb 22, 2022 |
|---|---|
| Location: | Novi |
| Project Investment: | Up to $9.00 million |
| Projected Jobs: | 150 |
| Projected Award Amount: | Up to $1.50 million |
LM Manufacturing, LLC - Performance Based Grant
| Approval Date: | Feb 22, 2022 |
|---|---|
| Location: | Detroit |
| Project Investment: | Up to $18.10 million |
| Projected Jobs: | 390 |
| Projected Award Amount: | Up to $2.00 million |
Aerostar Manufacturing - Performance Based Grant
| Approval Date: | Jan 6, 2022 |
|---|---|
| Location: | Romulus |
| Project Investment: | Up to $8.68 million |
| Projected Jobs: | 62 |
| Projected Award Amount: | Up to $70,950 |
Electrical Components International - Performance Based Grant
| Approval Date: | Jan 3, 2022 |
|---|---|
| Location: | Southfield |
| Project Investment: | Up to $1.37 million |
| Projected Jobs: | 57 |
| Projected Award Amount: | Up to $479,999 |
Tech Group Grand Rapids - Performance Based Grant
| Approval Date: | Dec 15, 2021 |
|---|---|
| Location: | Walker |
| Project Investment: | Up to $44.70 million |
| Projected Jobs: | 200 |
| Projected Award Amount: | Up to $910,000 |
Marada Industries Inc. dba Cosma Body Assembly Michigan - Performance Based Grant
| Approval Date: | Dec 10, 2021 |
|---|---|
| Location: | New Hudson |
| Project Investment: | Up to $23.67 million |
| Projected Jobs: | 68 |
| Projected Award Amount: | Up to $340,000 |
Louis Padnos Iron & Metal Company - Performance Based Grant
| Approval Date: | Dec 1, 2021 |
|---|---|
| Location: | Wyoming |
| Project Investment: | Up to $6.63 million |
| Projected Jobs: | 50 |
| Projected Award Amount: | Up to $250,000 |
BorgWarner Thermal Systems, Inc. - Performance Based Grant
| Approval Date: | Nov 16, 2021 |
|---|---|
| Location: | Cadillac |
| Project Investment: | Up to $11.20 million |
| Projected Jobs: | 30 |
| Projected Award Amount: | Up to $225,000 |
Excellence Optoelectronics Inc. - Performance Based Grant
| Approval Date: | Oct 31, 2021 |
|---|---|
| Location: | Dundee |
| Project Investment: | Up to $14.00 million |
| Projected Jobs: | 195 |
| Projected Award Amount: | Up to $1.00 million |
Mayville Engineering Company (MEC) - Performance Based Grant
| Approval Date: | Oct 26, 2021 |
|---|---|
| Location: | Hazel Park |
| Project Investment: | Up to $51.50 million |
| Projected Jobs: | 387 |
| Projected Award Amount: | Up to $742,893 |
Request Foods, Inc. - Performance Based Grant
| Approval Date: | Oct 26, 2021 |
|---|---|
| Location: | Holland |
| Project Investment: | Up to $205.00 million |
| Projected Jobs: | 198 |
| Projected Award Amount: | Up to $2.00 million |
tesa tape, inc. - Performance Based Grant
| Approval Date: | Oct 15, 2021 |
|---|---|
| Location: | Sparta |
| Project Investment: | Up to $35.68 million |
| Projected Jobs: | 56 |
| Projected Award Amount: | Up to $450,000 |
Days LLC - Performance Based Grant
| Approval Date: | Oct 11, 2021 |
|---|---|
| Location: | Cassopolis |
| Project Investment: | Up to $6.28 million |
| Projected Jobs: | 175 |
| Projected Award Amount: | Up to $343,000 |
DAG Technology, INC - Performance Based Grant
| Approval Date: | Oct 4, 2021 |
|---|---|
| Location: | Holly |
| Project Investment: | Up to $10.06 million |
| Projected Jobs: | 50 |
| Projected Award Amount: | Up to $300,000 |
TUV SUD America, Inc. - Performance Based Grant
| Approval Date: | Sep 30, 2021 |
|---|---|
| Location: | Auburn Hills |
| Project Investment: | Up to $44.10 million |
| Projected Jobs: | 40 |
| Projected Award Amount: | Up to $240,000 |
Sartorius AG - Performance Based Grant
| Approval Date: | Sep 28, 2021 |
|---|---|
| Location: | Ann Arbor |
| Project Investment: | Up to $57.01 million |
| Projected Jobs: | 160 |
| Projected Award Amount: | Up to $1.20 million |
Extruded Aluminum Corporation - Performance Based Grant
| Approval Date: | Sep 17, 2021 |
|---|---|
| Location: | Belding |
| Project Investment: | Up to $27.60 million |
| Projected Jobs: | 38 |
| Projected Award Amount: | Up to $0 |
Rivian Automotive, Inc. - Performance Based Grant
| Approval Date: | Aug 27, 2021 |
|---|---|
| Location: | Plymouth |
| Project Investment: | Up to $4.69 million |
| Projected Jobs: | 103 |
| Projected Award Amount: | Up to $750,000 |
AGP Group - Performance Based Grant
| Approval Date: | Aug 27, 2021 |
|---|---|
| Location: | Canton |
| Project Investment: | Up to $11.00 million |
| Projected Jobs: | 71 |
| Projected Award Amount: | Up to $0 |
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