ESCANABA, Mich. (Michigan News Source) – The Michigan Strategic Fund announced on Tuesday that it has approved a wide range of projects that will create or retain 1,846 jobs and generate more than $1.2 billion in investment in Michigan.

“The projects approved today build on our statewide leadership in advanced and EV manufacturing, bring good jobs to Michigan residents, support vibrant communities, and help increase growth opportunities for businesses ranging from start-ups to established companies, and better prepare our state to compete for business attraction opportunities,” said Michigan Economic Development Corporation CEO and Michigan Strategic Fund President and Chair Quentin Messer Jr. “Today’s MSF actions demonstrate our ongoing commitment to ensuring our work is making an impact no matter where our friends and neighbors reside across Michigan.”

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Projects include a transformational investment by Swedish paper producer Billerud in Escanaba; investments in Independence Township, Traverse City, Sterling Heights, and Auburn Hills that will build on Michigan’s leadership in electric vehicle manufacturing; community redevelopment projects in Monroe and Detroit; a new outdoor recreation innovation hub in Marquette; and actions that grow opportunities for Michigan’s small manufacturers and entrepreneurs.