Gov. Whitmer announced $4.1 billion in investments that will create 4,600 jobs. | Michigan.gov
Gov. Whitmer announced $4.1 billion in investments that will create 4,600 jobs. | Michigan.gov
Three developments in Michigan will be spearheaded by $4.1 billion in investment opportunities.
According to a news release issued by the state government, the Michigan Economic Development Corporation (MEDC) was joined by Gov. Gretchen Whitmer (D-MI) in announcing that the Michigan Strategic Fund investment (MSF) would bring over 4,600 jobs to the state. MEDC CEO and MSF President and Chair Quentin Messer Jr. said the investment was a bipartisan effort that would likely bring similar investment opportunities in the future.
“In less than a year, the SOAR Fund has been instrumental in securing transformational projects that are anticipated to create 7,370 new jobs, save at least 1,000 existing jobs and invest $9.375 billion in communities across Michigan,” he said in the release. “We look forward to our continued partnership with legislative leaders, the Whitmer-Gilchrist administration, business and labor leaders, and our local partners to get the job done. Work remains and we will continue to get better, together, we will continue putting the world on notice that Michigan plays to win.”
Whitmer added that the investments would add jobs to Big Rapids, Van Buren Township and Ottawa and Muskegon counties.
“This is yet another historic day for Michigan this year as we continue to secure generational opportunities in our manufacturing and engineering workforce, grow a sustainable economy, and make critical infrastructure improvements to support the state’s robust agriculture industry,” said Whitmer. “By working across the aisle on bipartisan economic development legislation, we’ve brought long-term opportunity to Michigan and created thousands of good-paying jobs for Michiganders. We have proven time and time again that we will compete for every dollar and every project to move Michigan forward.”
House Majority Floor Leader Ben Frederick (R-Owosso) said in less than a year the initiative has helped cultivate 12,000 jobs and more than $12.5 billion in investments that stretch across the entire state.
“The job creation alone is significant, but when you consider the types of projects we’re attracting, it really is going to be monumental for the future of Michigan’s manufacturing industry,” said Frederick.
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