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See the listing of Michigan Business Development Program projects approved by the Michigan Strategic Fund to date.
The Report was last updated on Apr 12, 2021.
Nexient - Performance Based Grant
| Approval Date: | Feb 5, 2021 |
|---|---|
| Location: | Ann Arbor |
| Project Investment: | Up to $12.45 million |
| Projected Jobs: | 100 |
| Projected Award Amount: | Up to $500,000 |
Valeo North America, Inc. - Performance Based Grant
| Approval Date: | Feb 3, 2021 |
|---|---|
| Location: | Highland Park |
| Project Investment: | Up to $28.60 million |
| Projected Jobs: | 200 |
| Projected Award Amount: | Up to $1.00 million |
Lordstown Motors Corporation - Performance Based Grant
| Approval Date: | Feb 2, 2021 |
|---|---|
| Location: | Farmington Hills |
| Project Investment: | Up to $3.68 million |
| Projected Jobs: | 141 |
| Projected Award Amount: | Up to $1.00 million |
Navitas Advanced Solutions Group - Performance Based Grant
| Approval Date: | Jan 22, 2021 |
|---|---|
| Location: | Ann Arbor |
| Project Investment: | Up to $3.36 million |
| Projected Jobs: | 111 |
| Projected Award Amount: | Up to $750,000 |
Home Point Financial Corporation - Performance Based Grant
| Approval Date: | Jan 5, 2021 |
|---|---|
| Location: | Ann Arbor |
| Project Investment: | Up to $0 |
| Projected Jobs: | 155 |
| Projected Award Amount: | Up to $600,000 |
Wacker Chemical Corporation - Performance Based Grant
| Approval Date: | Sep 18, 2020 |
|---|---|
| Location: | Ann Arbor |
| Project Investment: | Up to $51.00 million |
| Projected Jobs: | 70 |
| Projected Award Amount: | Up to $1.00 million |
Clearcover - Performance Based Grant
| Approval Date: | Aug 25, 2020 |
|---|---|
| Location: | Detroit |
| Project Investment: | Up to $5.00 million |
| Projected Jobs: | 303 |
| Projected Award Amount: | Up to $3.50 million |
Bridgewater Interiors - Performance Based Grant
| Approval Date: | Jul 28, 2020 |
|---|---|
| Location: | Lansing |
| Project Investment: | Up to $15.85 million |
| Projected Jobs: | 400 |
| Projected Award Amount: | Up to $2.00 million |
May Mobility - Performance Based Grant
| Approval Date: | Jul 22, 2020 |
|---|---|
| Location: | Ann Arbor |
| Project Investment: | Up to $11.80 million |
| Projected Jobs: | 100 |
| Projected Award Amount: | Up to $700,000 |
Magna Seating of America Inc. - Performance Based Grant
| Approval Date: | Jun 23, 2020 |
|---|---|
| Location: | Highland Park |
| Project Investment: | Up to $35.43 million |
| Projected Jobs: | 480 |
| Projected Award Amount: | Up to $2.17 million |
Heidtman Steel Products - Performance Based Grant
| Approval Date: | Jun 1, 2020 |
|---|---|
| Location: | Erie |
| Project Investment: | Up to $9.10 million |
| Projected Jobs: | 65 |
| Projected Award Amount: | Up to $325,000 |
Navistar International Corporation - Performance Based Grant
| Approval Date: | Apr 30, 2020 |
|---|---|
| Location: | Rochester Hills |
| Project Investment: | Up to $4.17 million |
| Projected Jobs: | 50 |
| Projected Award Amount: | Up to $500,000 |
Lineage Logistics LLC - Performance Based Grant
| Approval Date: | Apr 27, 2020 |
|---|---|
| Location: | Novi |
| Project Investment: | Up to $6.95 million |
| Projected Jobs: | 50 |
| Projected Award Amount: | Up to $250,000 |
Niles Industrial Coatings - Performance Based Grant
| Approval Date: | Apr 23, 2020 |
|---|---|
| Location: | Fenton |
| Project Investment: | Up to $1.50 million |
| Projected Jobs: | 187 |
| Projected Award Amount: | Up to $800,000 |
Hexagon Metrology, Inc. - Performance Based Grant
| Approval Date: | Apr 17, 2020 |
|---|---|
| Location: | Novi |
| Project Investment: | Up to $19.50 million |
| Projected Jobs: | 50 |
| Projected Award Amount: | Up to $250,000 |
Human Element, Inc. - Performance Based Grant
| Approval Date: | Mar 27, 2020 |
|---|---|
| Location: | Ann Arbor |
| Project Investment: | Up to $11.69 million |
| Projected Jobs: | 26 |
| Projected Award Amount: | Up to $260,000 |
Tipping Point Solutions, Inc. - Performance Based Grant
| Approval Date: | Feb 20, 2020 |
|---|---|
| Location: | Sault Saint Marie |
| Project Investment: | Up to $157,500 |
| Projected Jobs: | 9 |
| Projected Award Amount: | Up to $75,000 |
Paslin Company - Performance Based Grant
| Approval Date: | Feb 4, 2020 |
|---|---|
| Location: | Warren |
| Project Investment: | Up to $45.00 million |
| Projected Jobs: | 200 |
| Projected Award Amount: | Up to $1.00 million |
Piston Automotive, L.L.C. - Performance Based Grant
| Approval Date: | Feb 3, 2020 |
|---|---|
| Location: | Redford |
| Project Investment: | Up to $6.80 million |
| Projected Jobs: | 53 |
| Projected Award Amount: | Up to $212,000 |
CHI Aviation - Performance Based Grant
| Approval Date: | Jan 14, 2020 |
|---|---|
| Location: | Howell |
| Project Investment: | Up to $4.55 million |
| Projected Jobs: | 60 |
| Projected Award Amount: | Up to $400,000 |
