From August 23, 2022
Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) in announcing Michigan Strategic Fund (MSF) approval of a range of projects, including support for business expansion projects in Auburn Hills and Lansing, a community revitalization project in Detroit, continued site readiness efforts and other actions that will continue to strengthen Michigan’s economy. In total, the projects approved today during MSF’s board meeting are expected to generate more than $153 million in investment around the state and create or retain 672 jobs for Michiganders.
“Today’s Michigan Strategic Fund approvals will create and retain 672 good-paying jobs and invest $153 million across Auburn Hills, Lansing, and Detroit,” said Governor Whitmer. “These projects will build on our manufacturing heritage and advance our mobility and electrification leadership. Together, we will help us continue to drive growth in Michigan by funding economic development projects, investing in our communities, creating jobs for our residents, and advancing initiatives that build long-term opportunity throughout the state. I will work with anyone to keep getting things done and grow our economy.”
Dana Thermal Products establishing new operations in Auburn Hills, investing $54.2 million
Dana Thermal Products, LLC is a subsidiary of Dana Incorporated, a global leader in thermal management technologies for the mobility industry. The company’s parent employs more than 40,000 people in 31 countries.
Dana provides various thermal management technologies including battery cooling plates, cold plates and power electronics cooling to global automakers. The company anticipates that one of its largest opportunities for growth is within the electrification market and is investing to position itself as a leader in EV technologies as core customers and markets are making the shift.
Dana plans to lease a facility in the city of Auburn Hills to support a new battery cooling plate manufacturing operation. The project is expected to generate a total capital investment of $54.2 million and create 200 jobs, supported by a $2.5 million Michigan Business Development Program performance-based grant. Michigan was chosen for the project over competing sites in the Southeast U.S. and Canada.
“The $44 million investment in electric vehicle battery production is outstanding news for the highly skilled workers who can fill those new jobs,” said Oakland County Executive David Coulter. “It’s also a boost for the advanced manufacturing reputation for both Michigan and Oakland County.”
The project contributes to the MEDC’s ongoing efforts to strengthen Michigan’s leadership in automotive manufacturing and builds on the state’s work to position itself as the global leader in the future of mobility and vehicle electrification. Dana chose Michigan for the project because of the manufacturing and engineering talent as well as the proximity to automotive customers.
“We are honored that Dana Thermal Products, LLC has chosen Auburn Hills for their next strategic investment. Their expertise and innovation will complement and enhance our existing world-class business community,” said Auburn Hills Mayor Kevin McDaniel. “This commitment by Dana Thermal Products, LLC strengthens Auburn Hills’ reputation as being a leader in the future of electrification and mobility. We appreciate their confidence and look forward to partnering with them to provide an environment where their business can grow and thrive.”
The city of Auburn Hills plans to offer staff time and assistance in support of the project. For information on careers with Dana, visit https://www.dana.com/careers/.
Today’s announcement continues the growth of Dana Incorporated in Michigan. In February, the MSF board approved a $1.5 million Michigan Business Development Program grant to support Dana’s new electric vehicle technology center in Novi, a project that is expected to generate a total capital investment of $9 million and create 150 high-wage jobs.
Food and animal safety solutions provider Neogen expanding in downtown Lansing, investing $71.5 million
Neogen Corporation, founded in Lansing in 1982, is consolidating existing operations and creating a state-of-the-art manufacturing and R&D facility in Lansing. Neogen develops and markets products dedicated to food and animal safety, employing nearly 1,800 people worldwide with more than 600 in Lansing.
The Neogen Expansion Brownfield Redevelopment Project will include the construction of a new three-story manufacturing and research building on a vacant a parcel of land in downtown Lansing and is expected to generate a total capital investment of $71.5 million and create 77 new jobs as well as retain 350 jobs. The project is supported by a $324,000 Michigan Business Development Program performance-based grant. Michigan was chosen for the project over a competing site in Kentucky.
“Neogen is a proud member of the Lansing community, and we are pleased to call Lansing our corporate headquarters. From our earliest days as a technology developed at Michigan State University to the present, the Greater Lansing community has supported us, and we are proud to be a part of such a diverse and thriving community,” said Neogen President and CEO John Adent. “I want to thank Lansing Mayor Andy Schor, the City of Lansing, the Lansing City Council, and the Greater Lansing area for continuing to support Neogen, and we are excited to continue growing together. I also want to thank the Lansing Economic Development Corporation, the Lansing Economic Area Partnership, the Michigan Economic Development Corporation, and the Michigan Strategic Fund for all of their help and collaboration as we work through this project.”
The City of Lansing Brownfield Redevelopment Authority today received MSF approval of $1,576,751 in state tax capture for the reimbursement of eligible brownfield activities at the site. Neogen Properties IX, LLC is the single purpose development entity created by Neogen to undertake the project.
Neogen is committed to its employees and their career advancement by utilizing a combination of job banding, career ladders and succession planning. The company also provides a tuition reimbursement program and has established a quality technician apprentice program. The project will transform an underutilized property in downtown Lansing, dramatically improving the property’s appearance and bringing new economic activity to downtown Lansing. In addition, the project will bring 77 good jobs to Lansing residents in the life sciences, research and development, and professional services sectors.
“For the last year and a half, there’s been a great partnership between City of Lansing, LEAP, and the MEDC to put together a multi-tier incentive package to keep NEOGEN growing in the City of Lansing and the state,” said Bob Trezise, president and CEO of LEAP. “Additionally, we thank Sparrow Hospital for their critical partnership and most importantly thank NEOGEN for choosing Lansing and the state of Michigan for this continued effort to successfully diversify our local and state economy.”
The city of Lansing is supporting the project through approval of the local tax capture valued at $3,267,339, and also plans to provide staff or economic assistance in support of the project. The city of Lansing is certified with MEDC’s Redevelopment Ready Communities program. Individuals interested in careers with Neogen should visit https://www.neogen.com/careers/.
Original source can be found here.
