Displaying items tagged: Our Next Energy Inc

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.

A state board has approved hundreds of millions of dollars in tax exemptions and performance-based grants to help lure two large battery manufacturing projects that promise more than 4,000 jobs and nearly $4 billion in investment.

Michigan added more energy-sector jobs than any other state in 2021, boosted primarily by the automotive industry and growing attention to hybrid and electric vehicle models.