Luxembourg-based ArcelorMittal Subsidiary Expands Manufacturing in Detroit, Michigan
In November 2016 the company received a $2 million Michigan Business Development Program performance-based grant to establish a manufacturing facility at the park, according to the Michigan Economic Development Corporation. The project was expected to generate a total capital investment of $83 million and create 120 jobs, and was the company’s first and only facility in Michigan. Officials said the company has reached its milestones and has recently secured new business to begin manufacturing contracts with two different automotive OEMs.
As a result, the Michigan Strategic Fund today approved an increase to the company’s MBDP grant and a five-year, 100-percent State Essential Services Assessment exemption valued at $379,200. ArcelorMittal pays higher than average wages and provides employees with an intensive technical training program, allowing the company to retain highly skilled employees, state officials said.
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