Investments span robotics, technology, FinTech, and agriculture industries statewide
LANSING, Mich. — Governor Gretchen Whitmer today announced support for four major business expansion projects expected to create more than 1,300 new jobs and generate over $240 million in private investment across Michigan, strengthening the state’s economy and reinforcing its leadership in advanced manufacturing, innovation, financial technology, and agriculture.
“Michigan is open for business and on the move,” said Governor Whitmer. “From advanced robotics and finance software to agriculture and food production, these investments will create good-paying jobs, drive innovation, and help families and communities across our state thrive. I’ll keep going anywhere and working with anyone to make Michigan the best place to live, work, and invest.”
“These projects demonstrate the breadth and resilience of Michigan’s economy,” said Quentin L. Messer Jr., CEO of the Michigan Economic Development Corporation and chair of the Michigan Strategic Fund. “From global technology leaders to homegrown innovators and agricultural cooperatives, these companies are choosing Michigan because of our talent, infrastructure, and commitment to the Make It in Michigan strategy focused on People, Places, and Projects.”
Teradyne to Establish U.S. Operations Hub in Wixom
OVERVIEW: Global automation and robotics leader Teradyne will establish a new U.S. Operations Hub in the City of Wixom (Oakland County) with support from a $2.7 million Michigan Business Development Program (MBDP) grant approved by the MSF Board.
The project is expected to create approximately 230 new jobs, invest up to $32 million, and manufacture Universal Robots collaborative robots, with potential future production of MiR autonomous mobile robots. The facility will also serve as a regional training, service, and customer experience center.
“Locating this hub in Metro Detroit places Teradyne at the heart of U.S. manufacturing innovation,” said Justin Brown, Chief Commercial Officer of the Teradyne Robotics Group. “The region’s manufacturing heritage, deep talent pool, and world-class universities make Michigan the ideal location to support advanced automation.”
WHY IT MATTERS: Teradyne chose Michigan over five competing states due to its skilled workforce and manufacturing ecosystem, supporting reshoring, productivity growth, and workplace innovation.
Eccalon to Establish Headquarters and Innovation Hub in Detroit
OVERVIEW: Technology solutions company Eccalon will establish its headquarters in Detroit (Wayne County)following MSF Board approval of a $10 million MBDP grant and a five-year State Essential Services Act exemptiontied to personal property investment.
Eccalon plans to create at least 800 new jobs with wages ranging from $25 to $100 per hour and invest up to $71 million. The company will repurpose The Icon building on the Detroit Riverfront into a multifunctional innovation and workforce development hub focused on cybersecurity, AI/ML research, underwater drone production, biotech, next-generation energy, and broadcasting technologies.
“Eccalon is proud to bring this project to Detroit,” said André Gudger, Chairman and CEO of Eccalon. “This investment reflects our confidence in Michigan’s talent, innovation ecosystem, and future growth.”
WHY IT MATTERS: The project builds on Michigan’s momentum in defense technology, future mobility, and innovation while supporting inclusive workforce development and community partnerships in Detroit.
HealthBridge Financial Expands FinTech Operations in West Michigan
OVERVIEW: HealthBridge Financial, Inc., a FinTech company focused on improving healthcare payment solutions, will expand its operations in Kent County with support from a $1.5 million MBDP grant.
The company expects to create at least 200 new jobs and invest approximately $17 million, maintaining its headquarters in Grand Rapids.
“As we expand nationwide, Michigan remains central to our growth strategy,” said Gregory VandenBosch, Co-Founder and CEO of HealthBridge Financial. “This support allows us to grow our team and infrastructure while advancing our mission from right here in Michigan.”
WHY IT MATTERS: The expansion strengthens Michigan’s position in the fast-growing FinTech sector while supporting high-wage job creation and economic resilience.
Michigan Milk Producers Association Expands Dairy Processing Operations
OVERVIEW: The Michigan Milk Producers Association (MMPA) will invest up to $122.6 million to expand dairy processing facilities in Ovid (Clinton County) and Wheatland Township (Mecosta County), creating at least 76 new jobs. The projects received support through MBDP grants and Alternative State Essential Services Assessment exemptions.
In Ovid, MMPA will expand ultrafiltered milk processing capacity, creating 13 jobs. In Wheatland Township, the cooperative will revitalize a former Leprino Foods facility to support cultured dairy production, creating 63 jobs.
“These investments strengthen our cooperative and create long-term value for dairy farmers and rural communities,” said Joe Diglio, President and CEO of MMPA.
WHY IT MATTERS: The projects support communities heavily impacted by unemployment and reinforce Michigan’s dairy industry, a cornerstone of the state’s agricultural economy.
Commitment to Accountability
Investment and job figures reflect company commitments to the State of Michigan and will be formalized through performance-based agreements. Disbursement of incentives is contingent upon the achievement of contractual benchmarks.
