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MI OKs Grants For $1B In Business Expansions

Fri, 01/25/2013 - 12:14pm
The Associated Press

LANSING, Mich. (AP) — State officials say they have approved incentives for 14 business expansions that could generate more than $1 billion in investments and about 4,600 jobs in Michigan.

Gov. Rick Snyder announced Wednesday the Michigan Strategic Fund approved the performance-based grants for projects across the Lower Peninsula.

Highlights include expansions by Japanese auto parts supplier Denso Corp. It plans to invest about $150 million in its operations in Battle Creek and the Detroit suburb of Southfield to create about 440 jobs total.

The state says Benton Harbor-based Whirlpool Corp. plans to relocate refrigeration research and development operations to a former Whirlpool plant in the city from Evansville, Ind., and create 180 jobs.

Snyder says he's excited by the "strong foreign investment" and significant boosts to the recovering automotive industry.

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