Magna, a mobility technology company and automotive supplier with its U.S. headquarters in Michigan, is investing $96.1 million in a Shelby Township project that will create 159 jobs.
Magna has been awarded a new powertrain business from an existing customer to manufacture internal components for electric vehicles. The company plans to lease an existing facility in the township. Magna chose the Shelby Township site over competing sites and will be supported by a $1.3 million Michigan Business Development Program grant.
The Michigan Strategic Fund also approved a five-year, 50% Alternative State Essential Services exemption valued at $369,837 in support of the Macomb County project.
Macomb County’s Economic Development team provided assistance to the MEDC throughout the process, including connecting Magna with employee hiring and training assistance via trusted partners MI Works! and Macomb Community College.
Is your business looking to expand or move into Macomb County? Call our Economic Development team at 586-469-5285.