3 business projects in Southeast Michigan awarded state grants (original) (raw)
Gov. Gretchen Whitmer and the Michigan Strategic Fund board announced approval for business development projects in Troy, Detroit and Fenton that are anticipated to bring 650 new jobs and $97 million in investment in the state.
The three projects are supported by performance-based grants through the Michigan Business Development Program, according to the governor’s office.
Electric vehicle manufacturer Slate Auto was approved for a $5 million grant to expand its North American headquarters in Troy.
With a capital investment of $10.4 million, Slate’s expansion will create 392 new jobs.
The two other projects approved include the newly formed company-Fenton Food and Beverage LLC, and Alquist 3D, LLC. The state approved a 960,000grantforFentonFoodandBeveragetocreate96newjobsandinvestupto960,000 grant for Fenton Food and Beverage to create 96 new jobs and invest up to 960,000grantforFentonFoodandBeveragetocreate96newjobsandinvestupto56.2 million in the City of Fenton, and a 1.6milliongranttoAlquist,arobotic3Dconcreteprintingcompanywhichisinvesting1.6 million grant to Alquist, a robotic 3D concrete printing company which is investing 1.6milliongranttoAlquist,arobotic3Dconcreteprintingcompanywhichisinvesting31.25 million for a manufacturing and research facility in Detroit, creating up to 162 new jobs.
