Governor Gretchen Whitmer has announced funding approval for three business development projects in Southeast Michigan expected to create 650 new jobs and generate more than $97 million in private capital investment. The initiative, supported through the Michigan Strategic Fund (MSF) Board and the Michigan Business Development Program, is aimed at strengthening the state’s competitiveness in advanced manufacturing, electric vehicle production, research and development, and agribusiness sectors.
The projects are located across Troy in Oakland County, Detroit in Wayne County, and Fenton in Genesee County. They will support business expansion, facility upgrades, and new production capabilities that help companies scale operations while contributing to regional economic growth. State officials emphasized that these investments are performance-based, meaning funding is tied to job creation and confirmed private-sector investment commitments.
In Southeast Michigan, the supported companies are expected to expand manufacturing capacity, modernize operations, and strengthen supply chains linked to high-growth industries such as mobility technologies and food production. These expansions are intended to increase local employment opportunities while also enhancing Michigan’s position as a hub for next-generation industrial development.
Officials highlighted that the broader strategy behind these incentives is to leverage public funding to attract private investment and reinforce long-term economic resilience across the state. By linking state support with job creation outcomes, Michigan aims to retain and attract businesses in competitive global industries while ensuring that economic growth benefits local communities.
Overall, the announcement reflects Michigan’s ongoing focus on job creation, industrial modernization, and strengthening key economic sectors through targeted investment programs designed to support both urban and regional development.
