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 Apr 24, 2024.
Axiom Group Inc - Performance Based Grant
| Approval Date: | May 24, 2022 |
|---|---|
| Location: | Village of Capac |
| Project Investment: | Up to $13.29 million |
| Projected Jobs: | 200 |
| Projected Award Amount: | Up to $1.24 million |
Coastal Container Corporation - Performance Based Grant
| Approval Date: | May 24, 2022 |
|---|---|
| Location: | Holland |
| Project Investment: | Up to $22.00 million |
| Projected Jobs: | 62 |
| Projected Award Amount: | Up to $264,000 |
American Recreational Products, LLC - Performance Based Grant
| Approval Date: | May 23, 2022 |
|---|---|
| Location: | Fenton |
| Project Investment: | Up to $4.02 million |
| Projected Jobs: | 59 |
| Projected Award Amount: | Up to $250,000 |
Hudsonville Creamery & Ice Cream Company, LLC - Performance Based Grant
| Approval Date: | May 17, 2022 |
|---|---|
| Location: | Holland |
| Project Investment: | Up to $65.70 million |
| Projected Jobs: | 76 |
| Projected Award Amount: | Up to $1.00 million |
ACI Plastics - Performance Based Grant
| Approval Date: | Apr 29, 2022 |
|---|---|
| Location: | Flint |
| Project Investment: | Up to $8.00 million |
| Projected Jobs: | 24 |
| Projected Award Amount: | Up to $150,000 |
ATESTEO GmbH & Co. KG - Performance Based Grant
| Approval Date: | Apr 18, 2022 |
|---|---|
| Location: | East Lansing |
| Project Investment: | Up to $27.81 million |
| Projected Jobs: | 46 |
| Projected Award Amount: | Up to $400,000 |
Daejin Advanced Materials - Performance Based Grant
| Approval Date: | Mar 31, 2022 |
|---|---|
| Location: | Adrian |
| Project Investment: | Up to $12.36 million |
| Projected Jobs: | 111 |
| Projected Award Amount: | Up to $500,000 |
Duncan Aviation - Performance Based Grant
| Approval Date: | Mar 30, 2022 |
|---|---|
| Location: | Battle Creek |
| Project Investment: | Up to $24.18 million |
| Projected Jobs: | 61 |
| Projected Award Amount: | Up to $488,000 |
LG Energy Solution Michigan, Inc. - Performance Based Grant
| Approval Date: | Mar 22, 2022 |
|---|---|
| Location: | Holland |
| Project Investment: | Up to $1,700.00 million |
| Projected Jobs: | 1200 |
| Projected Award Amount: | Up to $10.00 million |
Twisthink - Performance Based Grant
| Approval Date: | Mar 21, 2022 |
|---|---|
| Location: | Grand Rapids |
| Project Investment: | Up to $2.29 million |
| Projected Jobs: | 37 |
| Projected Award Amount: | Up to $300,000 |
BOS Automotive Products Inc. - Performance Based Grant
| Approval Date: | Mar 3, 2022 |
|---|---|
| Location: | Rochester Hills |
| Project Investment: | Up to $1.15 million |
| Projected Jobs: | 50 |
| Projected Award Amount: | Up to $225,000 |
UTAC - Performance Based Grant
| Approval Date: | Feb 28, 2022 |
|---|---|
| Location: | Redford Twp, MI |
| Project Investment: | Up to $26.20 million |
| Projected Jobs: | 85 |
| Projected Award Amount: | Up to $850,000 |
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 $689,500 |
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 $200,000 |
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 $760,000 |
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 |
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