LANSING, Mich. — State Sen. Jim Marleau announced that $1.25 million in grant money from the Michigan Strategic Fund has been awarded to two business with locations in Auburn Hills and Troy.
“This is great news for the cities of Auburn Hills and Troy as well as the surrounding communities,” said Marleau, R-Lake Orion. “These companies’ investments are the engine that drives continued job growth.”
Valeo North America, Inc., which creates products and systems that contribute to the reduction of carbon dioxide emissions and to the development of intuitive driving, plans to construct a low-speed test track and a new supporting building in Auburn Hills as well as make improvements at its Troy location.
The company received a $1 million Michigan Business Development Program performance-based grant for the project, which is expected to generate total private investment of nearly $5 million and create 290 jobs.
Michigan was chosen over competing sites in Ohio, Tennessee, Mississippi and Mexico. The cities of Troy and Auburn Hills have offered support to the project in the form of staff time, marketing assistance and/or tax abatements.
ABB, Inc., a global leader in power and automation technologies, has multiple facilities around the country, including a production facility in the city of Auburn Hills. The company was awarded a $250,000 Michigan Business Development Program performance-based grant and plans to invest in new equipment and expand its robotic production in Auburn Hills, investing $9.1 million and creating 40 jobs.
Michigan was chosen over competing sites in North Carolina, Georgia, China and Sweden.