Two companies promise to create nearly 4,500 jobs and invest almost $4 billion to produce electric vehicle batteries as part of economic development projects slated to receive a combined $1 billion in incentives, tax breaks and other state assistance.
Michigan Gov. Gretchen Whitmer and economic development officials announced the projects and corresponding incentives Wednesday.
“We are seeing real momentum in our state. In the last year, we have secured manufacturing projects building on our leadership on mobility, electrification, (semiconductor) chips and life sciences,” Whitmer said at an event in Grand Rapids hailing the investments.
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