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State OKs grant for Flint-area megasite.

State OKs grant for Flint-area megasite.

Authors :
Nagl, Kurt
Source :
Crain's Detroit Business; 5/27/2024, Vol. 40 Issue 21, p27-27, 1p
Publication Year :
2024

Abstract

The Michigan Strategic Fund board has approved a $250 million grant to prepare a megasite near Flint for a major manufacturing project. The grant will be used for land acquisition, due diligence, and site clearing work. The site is expected to attract automotive, battery, semiconductor, and clean tech manufacturers, with the project estimated to spur over $2 billion in investment and create more than 2,000 direct jobs. While there is no confirmed end user yet, officials are actively working to secure one. The grant has received support from various organizations, but there are also concerns raised by some residents regarding safety, environment, transparency, and community disruption. [Extracted from the article]

Details

Language :
English
ISSN :
08821992
Volume :
40
Issue :
21
Database :
Supplemental Index
Journal :
Crain's Detroit Business
Publication Type :
Periodical
Accession number :
177567336