Fortescue obtains funding for Michigan manufacturing facility

The Michigan Strategic Fund has approved support and incentives for Fortescue to establish a U.S. Advanced Manufacturing Center in Detroit. The Piquette Avenue site will become a major hub for Fortescue’s production of automotive and heavy industry batteries, fast chargers, and electrolyzers.

“Fortescue’s Advanced Manufacturing Center will breathe fresh life into the birthplace of the automotive industry,” said Fortescue Energy CEO Mark Hutchinson.

“We are committed to investing in the next generation of green manufacturing projects that will help decarbonize business and heavy industry, and in turn create a strong future for manufacturing jobs in the United States.”

To support the project, the Michigan Strategic Fund approved:

  •  A $9 million Michigan Business Development Program performance-based grant.
  • A 15-year, 100% State Essential Services Assessment exemption valued at $1,300,950.
  • State tax capture valued at $2,374,413 for the reimbursement of brownfield activities at the site.
  • The City of Detroit Brownfield Redevelopment Authority is supporting the project through the local portion of the brownfield work plan valued at $4,246,411, and the city has offered an Industrial Facilities Tax abatement valued at up to $7,684,208.

Production is expected to commence in 2025 and the site has the potential to create up to 600 jobs as product lines ramp up to 2030.

Source: Fortescue

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