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Michigan seeks EV investments to boost production

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Michigan is seeking funding to attract factories related to electric vehicles.

Part of that effort includes a new $125 million “challenge grant” fund, and the goal of attracting more projects that rely on federal EV funding and other high-tech manufacturing.

Bridge Michigan reports that two Michigan companies are already expanding with help from federal loans that back a shift to cleaner energy in auto manufacturing. Lt. Governor Gilchrist says additional funding will help the state build excellence in the next generation of manufacturing.

 

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