Displaying items tagged: Ford Motor Co

State economic officials approved Tuesday a $120.3 million grant for site readiness at a megasite in Marshall, where Ford Motor Co. is building a $3.5 billion battery factory.

LANSING — Michigan notched a win with Ford Motor Co’'s decision to build a $3.5 billion, 2,500-job electric vehicle battery factory in Marshall.

LANSING — Michigan economic development officials on Wednesday asked lawmakers to allot $750 million to buy land, upgrade infrastructure and do other work in support of Ford Motor Co.’s new $3.5 billion, 2,500-job electric vehicle battery factory in Marshall, bringing total state incentives for the project to nearly $1.8 billion.

Ford Motor Co.’s plans to invest $3.5 billion to build an electric vehicle battery plant near Marshall came as good news to economic developers across West Michigan. 

Ford Motor Co. announced Monday plans to build BlueOval Battery Park Michigan, a $3.5 billion electric vehicle battery plant that would create 2,500 jobs in Marshall. But it wasn’t always destined for Michigan.

Ford Motor Co. will announce Monday details of a massive electric vehicle battery plant it has decided to build in Marshall, two people with knowledge of the company's plans told Crain’s.

As Ford Motor Co. and its Chinese battery partner close in on a home for a $3.5 billion EV battery plant, some residents are speaking out against development of the megasite in Marshall.

Creating the Strategic Outreach and Attraction Reserve Fund gave Michigan a new tool to lure major economic development projects that business advocates say has quickly altered the national perception about the state.

Major automakers, craft breweries and an outdoor recreation resort are among Michigan companies calling on Gov. Gretchen Whitmer to finalize a statewide climate action plan that includes a carbon neutral target by 2050.

Michigan’s two largest investor-owned utilities seek to play a more active role in economic development — particularly in luring advanced manufacturing facilities to the state — with plans to offer new electricity rates for large expansion projects.

Nearly two dozen economic development and trade organizations have formed the Winning Michigan Jobs coalition with the goal of helping the state regain a competitive edge for new jobs and investments.

A state lawmaker from West Michigan has introduced legislation that would give industrial electric customers an opportunity to select alternative power suppliers in what supporters say is an effort to reduce electric costs and attract investments.

Officials at the Michigan Economic Development Corp. say they are moving forward after the organization took a multi-million-dollar hit last year as revenue sharing from tribally owned casinos plummeted during pandemic-related shutdowns.

Low industrial real estate vacancy rates and ongoing construction backlogs are pushing industrial projects to more rural and outlying areas.

A statewide organization of economic development leaders is sounding alarms following Ford Motor Co.’s recent announcement to venture outside of its home state to make a historic investment in electric vehicles.

The U.S. Federal Trade Commission is in the middle of its antitrust review of the proposed merger between Beaumont Health and Spectrum Health.

WYOMING — Linus and Renata De Paoli left their corporate lives working as engineers in Germany and have opened a new brewery to introduce a range of international food and beer culture to West Michigan.

In a typical year, Matt Koning likes to have up to 210 vehicles listed and ready to sell across his four used car lots. Right now, his inventory is sitting at 110 — and he still feels fortunate to have that robust of a supply.

GRAND RAPIDS — After two years of planning, the city of Grand Rapids has launched an e-scooter sharing program. 

DTE Energy plans to significantly expand its solar energy portfolio in the next two years to support growing corporate demand for renewable energy contracts.

In a business climate in which manufacturers are pressured to stay up on the latest technology, there is little wonder why Michigan-based companies might look to Israel for best practices.

Major automakers as well as nascent startups are showing an increased focus on electrified commercial delivery vehicles, hoping to gain market share as corporate demand increases.

Automotive manufacturers are back up and running after months of production shutdowns following widespread outbreaks of COVID-19. 

Michigan Attorney General Dana Nessel has joined 22 other states in challenging the Trump administration’s rollback of Obama-era automobile fuel economy standards.

Automotive suppliers in West Michigan will begin warming up the industry’s supply chain next week.  

Nearly two years after announcing its initial plan, the Trump administration issued a final rule on March 31 that rolls back Obama-era automobile fuel economy standards and requires modest fuel efficiency increases in forthcoming internal combustion models.

Demand for the mobile computer workstations produced by Walker-based health care furniture manufacturer Altus Industries Inc. had already begun to spike as hospitals started setting up quarantine and triage areas in preparation for an influx of COVID-19 patients. 

Detroit’s Big Three automakers will shut down all of their factories in an effort to protect workers and the further spread of novel coronavirus, according to various industry reports. 

The automotive industry is scrambling to strike a balance between near-term execution and unsteady industry disruption from the novel coronavirus outbreak. 

Michigan’s certification-of-need regulations for health care projects could undergo significant changes under legislation proposed in Lansing.