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Michigan Business Development Program Projects

  • The following projects have been approved by the Michigan Strategic Fund. MBDP Incentive Funds are not disbursed until designated milestones are achieved. This report was last updated on June 17, 2015.

    View previous fiscal year archived reports of projects approved by the Michigan Strategic Fund.

  • Koops, Incorporated – Performance Based Grant
    • Approval Date:   August 15, 2016
      Location:   Holland
      Project Investment:   Up to $4.89 million
      Projected Jobs:   60
      Projected Award Amount:   Up to $360,000
    BorgWarner, Inc. - HQ – Performance Based Grant
    • Approval Date:   August 12, 2016
      Location:   Auburn Hills
      Project Investment:   Up to $15.55 million
      Projected Jobs:   76
      Projected Award Amount:   Up to $750,000
    Engineered Machined Products, Inc. – Performance Based Grant
    • Approval Date:   August 09, 2016
      Location:   Escanaba
      Project Investment:   Up to $3.67 million
      Projected Jobs:   40
      Projected Award Amount:   Up to $250,000
    C3 Ventures Flint, LLC – Performance Based Grant/Loan
    • Approval Date:   July 26, 2016
      Location:   Flint
      Project Investment:   Up to $9.68 million
      Projected Jobs:   380
      Projected Award Amount:   Up to $5.70 million
    National Composites LLC fka Owosso Composite, LLC – Performance Based Grant
    • Approval Date:   July 21, 2016
      Location:   Owosso
      Project Investment:   Up to $1.40 million
      Projected Jobs:   76
      Projected Award Amount:   Up to $275,000
    124 Grand Holdings, DBA Stikwood – Performance Based Grant
    • Approval Date:   July 15, 2016
      Location:   Kentwood
      Project Investment:   Up to $4.18 million
      Projected Jobs:   73
      Projected Award Amount:   Up to $400,000
    JR Automation Technologies, LLC – Performance Based Grant
    • Approval Date:   June 28, 2016
      Location:   Holland
      Project Investment:   Up to $5.65 million
      Projected Jobs:   250
      Projected Award Amount:   Up to $2.20 million
    FEV North America, Inc. – Performance Based Grant
    • Approval Date:   June 28, 2016
      Location:   Auburn Hills
      Project Investment:   Up to $27.35 million
      Projected Jobs:   246
      Projected Award Amount:   Up to $1.20 million
    Mitchell Plastics – Performance Based Grant
    • Approval Date:   June 28, 2016
      Location:   Sterling Heights
      Project Investment:   Up to $20.56 million
      Projected Jobs:   122
      Projected Award Amount:   Up to $427,000
    Logos Logistics, Inc. – Performance Based Grant
    • Approval Date:   June 21, 2016
      Location:   Romulus
      Project Investment:   Up to $8.62 million
      Projected Jobs:   91
      Projected Award Amount:   Up to $300,000
    TecNiq – Performance Based Grant
    • Approval Date:   June 10, 2016
      Location:   Galesburg
      Project Investment:   Up to $5.93 million
      Projected Jobs:   120
      Projected Award Amount:   Up to $540,000
    Denso Manufacturing Michigan, Inc. – Performance Based Grant
    • Approval Date:   June 08, 2016
      Location:   Battle Creek
      Project Investment:   Up to $37.29 million
      Projected Jobs:   125
      Projected Award Amount:   Up to $686,500
    Daifuku North America Holding Company – Performance Based Grant
    • Approval Date:   June 06, 2016
      Location:   Novi
      Project Investment:   Up to $15.15 million
      Projected Jobs:   85
      Projected Award Amount:   Up to $700,000
    Karma (Fisker Automotive, Inc.) – Performance Based Grant
    • Approval Date:   May 26, 2016
      Location:   Troy
      Project Investment:   Up to $3.64 million
      Projected Jobs:   150
      Projected Award Amount:   Up to $450,000
    TREMEC – Performance Based Grant
    • Approval Date:   May 25, 2016
      Location:   Wixom
      Project Investment:   Up to $53.74 million
      Projected Jobs:   133
      Projected Award Amount:   Up to $731,500
    Receptec Corp. dba Laird Technologies – Performance Based Grant
    • Approval Date:   May 25, 2016
      Location:   Grand Blanc
      Project Investment:   Up to $14.40 million
      Projected Jobs:   60
      Projected Award Amount:   Up to $550,000
    Unique Instruments, Inc. dba Orchid Bridgeport – Performance Based Grant
    • Approval Date:   May 25, 2016
      Location:   Bridgeport
      Project Investment:   Up to $5.00 million
      Projected Jobs:   30
      Projected Award Amount:   Up to $105,000
    OptiMed – Performance Based Grant
    • Approval Date:   May 25, 2016
      Location:   Kalamazoo
      Project Investment:   Up to $1.23 million
      Projected Jobs:   77
      Projected Award Amount:   Up to $500,000
    Cosworth, LLC – Performance Based Loan
    • Approval Date:   May 24, 2016
      Location:   Shelby Township
      Project Investment:   Up to $0
      Projected Jobs:   110
      Projected Award Amount:   Up to $2.10 million
    Flex-N-Gate Corporation – Performance Based Grant
    • Approval Date:   May 24, 2016
      Location:   Detroit
      Project Investment:   Up to $95.08 million
      Projected Jobs:   650
      Projected Award Amount:   Up to $3.50 million