Gov. Gretchen Whitmer has called for a pause of the sales tax on gas, elimination of the retirement tax on seniors, and tripling a tax credit for working families. | Governor Gretchen Whitmer/Facebook
Gov. Gretchen Whitmer has called for a pause of the sales tax on gas, elimination of the retirement tax on seniors, and tripling a tax credit for working families. | Governor Gretchen Whitmer/Facebook
Gov. Gretchen Whitmer and the Michigan Economic Development Corporation (MEDC) announced on Tuesday a series of projects approved for the Michigan Strategic Fund (MSF).
In a press release on Tuesday, Apr. 26, Whitmer announced a series of approved projects, including a business expansion by a global aluminum producer in Cassopolis, redevelopment of the former GM Warren Transmission Plant, a community revitalization project in Bay City, and other actions that will continue to strengthen Michigan’s economy. In total, the projects will be a capital investment of $330 million and have the potential to create nearly 700 jobs.
“Hydro is pleased to bring its innovative recycling technology to Cassopolis and looks forward to providing new long-term career opportunities for area residents” stated Trond Gjellesvik, President of Hydro Aluminum Metals USA, according to the press release. “We appreciate the warm welcome we have received from the Village of Cassopolis along with our partners at Midwest Energy & Communications, and we thank the Village and the State of Michigan for their support for our new facility.”
Hydro Aluminum Metals USA, LLC recycles aluminum into new aluminum extrusion ingots for various uses and its parent company, Norsk Hydro ASA, is one of the largest aluminum companies in the world with 140 locations in 40 countries. Through its new projects in Michigan, Hydro Aluminum Metals is expected to generate a total capital investment of $150 million and could create up to 67 new well-paying jobs thanks to additional support from $1.5 million in Community Development Block Grant funds, according to the press release.
“Today’s investment will help us continue growing Michigan’s economy by creating good-paying jobs for Michiganders, building on our leadership in the mobility space, expanding our inventory of development-ready facilities, and supporting vibrant communities,” said Whitmer. “Michigan is on the move. Our unemployment is at 4.4% and we have added 174,000 jobs year over year.”
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