• 'Once-in-a-generation opportunity': EV battery maker investing $2.36B in Big Rapids hub

    1 month ago - By Wood TV

    BIG RAPIDS TOWNSHIP, Mich. - A new set of incentives approved Wednesday moves West Michigan closer to becoming an electric vehicle battery manufacturing powerhouse for the country.
    The Michigan Economic Development Corporation's Strategic Fund Board approved $175 million in performance-based grants and 30 years of tax incentives worth an estimated $540 million to bring Gotion to the Big Rapids area. In turn, the global battery company is expected to invest $2.36 billion and create up to 2,350 jobs in the state.
    Those close to the project say it's an investment that's been years in the...
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  • Michigan board approves $400 million to advance EV batteries

    Michigan board approves $400 million to advance EV batteries

    1 month ago - By Wood TV

    LANSING, Mich. - A Michigan economic development board approved more than $400 million in state incentives Wednesday for two battery facilities estimated to cost $4 billion and bring 4,500 jobs to the state.
    Pending approval by state lawmakers, the incentive packages would draw from a fund created less than a year ago to help the automotive state land major business expansions in the wake of news that Dearborn-based Ford Motor Co. would begin building electric vehicle battery plants in other states.
    “We are in global competition to make sure that Michigan stays on the cutting edge of auto...
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