The Strategic Fund Board unanimously approved a $50 million grant from the Strategic Site Readiness Program for developing a copper mine in the western Upper Peninsula during its Tuesday meeting.
Governor Gretchen Whitmer's main strategy to attract large-scale new economic investment in Michigan is the subject of intensifying debate in the Legislature, but it's unclear whether that strategy might simply expire soon after the 2024-25 fiscal year concludes about 18 months from now.
To become a Top 10 state, Michigan's economy and housing market need significant investments, officials told a House panel on Thursday.
A company manufacturing solar panel components has chosen to locate in Michigan and is set to receive millions in incentives after approval Tuesday from the Strategic Fund Board .
A pair of Republican senators sent a letter Tuesday to the head of the Michigan Economic Development Corporation requesting a halt to any state grant money for Gotion, citing national security concerns they and other project opponents have been voicing for months.
The Michigan Strategic Fund Board approved more than $12 million in funds to revitalize the former Piquette Plant. The energy technology company Fortescue will create its first U.S. advanced manufacturing center at the site.
The U.S. Senate unanimously passed legislation aimed at strengthening federal efforts to expand domestic manufacturing of semiconductor chips, sponsored by U.S. Sen. Gary Peters along with Democratic and Republican senators.
A Volkswagen-backed automotive manufacturer, a Turkish electric vehicle supplier and an Oklahoma-based drive-train company each received Michigan Business Development Grants on Tuesday from the Michigan Strategic Fund Board .
A House panel on Tuesday took up its version of legislation overhauling the the state's main economic development fund.
A Senate committee panel Thursday discussed ongoing changes to bills that supporters say would improve the state's economic outlook and provide businesses and Michigan residents with more opportunities.