Michigan Strategic Fund approved an economic development grant increase to Brose New Boston Inc., with North American Headquarters located in Auburn Hills and plants in Warren and New Boston, Huron Charter Township, Michigan.

Brose New Boston, Inc. and its parent, Brose North America Group are leading manufacturers of mechatronic components for vehicle bodies and interiors. Michigan Strategic Fund approved an increase to Brose New Boston, Inc.’s Michigan Business Development Program grant by $2.7 million, for a total of $6.95 million.

“Brose is proud to expand its operations in Michigan and to be part of the state’s overall economic growth,” said Brose New Boston General Manager Bill Hunter. “We will soon enter the recruiting phase and are looking forward to bringing 300 new jobs to the New Boston area.”

In 2014, the company was awarded a $4.25 million Michigan Business Development Program performance-based grant for its investment of $97.6 million and creation of 475 jobs at its New Boston facility.

To date, the company has created 229 jobs and is ahead of its required milestones. Over the next five years Brose New Boston will produce several new products and add new programs which will require additional investment of nearly $105 million and the creation of an additional 300 jobs.

In addition, Huron Charter Township, via the Detroit Region Aerotropolis Development Corporation, is offering support to the project in the form of a 12-year property tax abatement valued at $3.5 million.

“It's telling to see a global company like Brose continue to expand its investment in Wayne County and the region,” said Wayne County Executive Warren C. Evans. “We're seeing continued interest in Aerotropolis and near the airport and that's translating to jobs and development. But this project also reflects how companies invest throughout a region and how our collective assets spur development.”

“The Michigan Strategic Fund continues to help fuel new economic activity that strengthens and builds our communities while creating good jobs for our residents,” said Jeff Mason CEO of MEDC, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the MSF.