By Scott Bolthouse—Hub Editor—ScottBolthouse@HuronHub.com
The Michigan Strategic Fund announced Tuesday that they have authorized automotive supplier Brose New Boston, Inc. a $2.7 million increase of a Michigan Business Development Program performance-based grant.
The grant total adds up to $6.95 million and will be used to support new products, programs, and an additional 300 jobs over the next five years.
Grant funds will also be used to support new production lines, including skilled operators and technicians, at the company’s New Boston location.
Additional jobs, including support professionals for new clients and technicians to perform testing and technical support, will be at Brose New Boston, Inc.’s headquarters in Auburn Hills.
Since December 2014, Brose New Boston, Inc. has utilized an initial grant of $4.25 million to secure new business clients and accounts that exceeds their North American operations’ current production capacity.
With the additional funding support, the company will have a combined workforce of 775 and invest an additional $104 million, bringing its investment in Michigan to more than $202 million.
“Southeast Michigan’s highly skilled and talented workforce provides us with an opportunity for strong economic growth,” said Sen. Hoon-Yung Hopgood (D–Taylor). “We are in a unique situation to reposition ourselves as a high-tech corridor of automotive innovation, and this financial investment will help our community achieve progress in that direction.”
Brose, Inc. is the world’s fifth-largest supplier of mechanical, electrical, electronic and sensor systems for the automotive industry and the company employs more than 25,000 employees.