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Nexteer Automotive Expands Buena Vista Township, Michigan, Operations

Nexteer Automotive plans to expand its manufacturing center in Buena Vista Township, Michigan. The $51 million project is expected to retain 1,100 jobs.

The site is the company’s only manufacturing location in the U.S., as well as home to Nexteer’s Global Technical Center.

“Nexteer is honored that the Michigan Strategic Fund Board approved our investment request for our Buena Vista Township site,” said Nexteer Automotive Vice President and Chief Operating Officer USA Jill Dralle. “The Great Lakes Bay Region has been our home for more than 100 years, and this support will play a critical role in ensuring our long-term competitiveness and retaining high-quality jobs at our Buena Vista site by enabling us to continue developing and manufacturing innovative motion control solutions that meet our OEM customers’ needs. Nexteer would like to thank the Michigan Strategic Fund Board, Michigan Economic Development Corporation, Saginaw Future and Buena Vista Charter Township for their support of this project and for their partnership.”

Buena Vista Township received MSF approval of $25.5 million in federal Community Development Block Grant (CDBG) Coronavirus Aid, Relief and Economic Security (CARES) funds in support of a project for Nexteer Automotive to secure the necessary equipment to maintain world-class manufacturing operations and retain high-quality jobs. The MSF also approved a 15-year State Essential Services Assessment exemption valued at roughly $2.3 million in support of the project. The Charter Township of Buena Vista is supporting the project by serving as the applicant for the CDBG CARES grant.

“Team Michigan continues to take a holistic, people-first approach to economic development in the state. From building on our leadership in automotive manufacturing and securing good jobs for our residents to supporting workforce housing and entrepreneurial opportunities, we remain laser-focused on ensuring every Michigander feels the impact of our work in their daily lives,” noted Quentin L. Messer, Jr., CEO of MEDC and President and Chair of the MSF Board.

In addition, the project is being supported by a $5 million Michigan Community Revitalization Program performance-based loan participation. The City of Detroit Brownfield Redevelopment Authority also received MSF approval of $882,821 in state tax capture to be used to reimburse for eligible brownfield activities at the site. The city of Detroit is also supporting the project through the approval of the local portion of the brownfield tax capture valued at $473,534 and the approval of an Obsolete Property Rehabilitation Act tax exemption valued at $3,035,502. The city of Detroit is engaged with MEDC’s Redevelopment Ready Communities program.

“Nexteer Automotive is one the area’s largest manufacturers and taxpayers and is critical to the entire region,” noted JoAnn Crary, president of Saginaw Future. “Nexteer is a global Tier 1 supplier in the midst of a mobility revolution that will change the face of the auto industry. We are so pleased with the tremendous team that assisted with this incentive package and are excited to move this transformational development forward.”

Nexteer Automotive’s innovative product and technology portfolio includes electric and hydraulic power steering systems, steer-by-wire systems, steering columns and intermediate shafts, driveline systems, eDrive and software solutions.

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