Michigan state Rep. Kevin Hertel (D-St. Clair Shores) | State Representative Kevin Hertel/Facebook
Michigan state Rep. Kevin Hertel (D-St. Clair Shores) | State Representative Kevin Hertel/Facebook
A complex structural battery enclosure manufacturer will expand into three Michigan cities.
Backed by the Michigan Strategic Fund, Magna Electric Vehicle Structures will expand in St. Clair, Highland Park and Shelby Charter Township; a recent press release from Gov. Gretchen Whitmer’s office said.
“The expansion of Magna will provide great job opportunities in our community,” state Rep. Kevin Hertel (D-St. Clair Shores) said in the release. “This growing sector is critical to the future of our economy and I will continue to work with Governor Whitmer and my colleagues to make sure Michigan is well positioned to attract companies that will invest in Michigan workers.”
The three developments have a total estimated capital investment of $526 million and are expected to establish 1,569 jobs.
“These three projects by Magna totaling $526 million will create over 1,500 good-paying [jobs] and build on our economic momentum,” Whitmer said in the release. “Since I took office, we have announced over 30,000 good-paying auto jobs, advanced our leadership in mobility and electrification, and brought critical supply chains of chips and batteries from China to Michigan.”
The governor added that the move helps build upon her initiative of making Michigan a worldwide leader in the electric vehicle industry.
“Congratulations to the entire Magna team on your tremendous growth and success,” Quentin Messer Jr., CEO of the MEDC and president and chair of the Michigan Strategic Fund, said in the release. “We are grateful to have earned this investment for Team Michigan! Today’s investments that build on our efforts to position Michigan as the global leader in the future of mobility and vehicle electrification will create good jobs and economic opportunity for Michiganders for years to come. We are grateful to the Governor and legislators for the continued support of our programs. We’re proud to join our local partners as we celebrate Magna’s expansions in Michigan and look forward to working together to lead the way into the future of mobility.”
The Magna company was established last year and was backed by a $1.5 million Michigan Business Development Program grant to be given to the company over the course of time as it facilitates more jobs. The grant has since been bumped up to $7.5 million.
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