Michigan’s focus on future mobility attracts big (fast) investment

Michigan’s focus on future mobility attracts big (fast) investment
Michigan’s focus on future mobility attracts big (fast) investment

As drivers across the country transition to electric vehicles (EVs), Michigan has positioned itself as a leader in an all-electric future. Michigan’s MI Future Mobility Plan lays the foundation for strong workforce, infrastructure, and mobility policies, and the state has positioned itself as a prime candidate for retention, attraction, and business expansion. For international battery manufacturer Gotion Inc., Big Rapids provided both the resources and the talent needed to support a monumental $2.36 billion investment – ​​the largest economic development project in northern history. Michigan.

Big Rapids transformed

The availability of local resources and talent found in Big Rapids were key factors in attracting this major investment from Gotion, which will result in the creation of 2,350 new jobs in the area. The influx of jobs is expected to drive additional investment and redevelopment opportunities, generating more than $11.5 billion in new personal income over the next 20 years.

Paul Bullock, Mecosta County Comptroller/Administrator, noted, “This project has the potential to provide great employment for several generations of our residents who will no longer have to leave the Big Rapids community for this type of work. opportunity.

As the home of Ferris State University, Big Rapids has a strong talent ecosystem that produces an enthusiastic workforce invested in Michigan businesses. This pool of skilled talent is one of the region’s greatest assets and, along with the university’s infrastructure and resources, played a key role in Gotion’s decision to invest in the region.

“The location and the community have been prepared for an opportunity like this to utilize the infrastructure, locally trained talent pool and exceptional resources of Ferris State University,” said Brent Case, vice president of Business Attraction at The Right Place. “We are well on our way to positioning the region at the center of West Michigan’s growing mobility and electric vehicle sector. »

The power of this educational partnership, along with multi-organization collaboration and a statewide engagement with the MI Future Mobility Plan, helped bring the Gotion Transformation Project to Big Rapids, changing the course of the region.

Michigan leads the charge globally

Since Michigan first put the world on wheels, the future of transportation has been tied to Michigan. As the birthplace of the automotive industry and home to nearly 19% of all US auto production, the state has established itself as a leader in the electric vehicle revolution. In fact, Michigan was ranked first in the “Automotive Manufacturing Strength” category by Business Facilities magazine’s 2021 State Rankings.

Electric vehicles are the fastest growing sector of the automotive industry, with more than 200,000 vehicles sold in the summer of 2022 alone. significant investments – $36 billion in 2021 and $24 billion in the first five months of 2022, according to the Center for Automotive Research.

The road ahead stretches across Michigan

Michigan Governor Gretchen Whitmer said Gotion’s investment will strengthen Michigan’s status as a global electrification hub, saying, “We will continue to win investment in this space and become the preeminent destination for electric vehicle and mobility companies. We will work with anyone and compete with anyone to continue to bring the battery, chip, and electric vehicle supply chains back to Michigan.

Gotion’s investment is one of many other recent investments in electric vehicles across Michigan, totaling more than $14 billion, by companies including Ford, General Motors, LG Energy Solution and Our Next Energy. These investments support Michigan’s MI Future Mobility Plan efforts to position the state as a leader in future mobility.

To learn why Gotion and others chose Michigan, visit michiganbusiness.org/why-michigan/.

. emphasis put by Michigan on mobility future attracts big investments fast

. Michigans focus future mobility attracts big fast investment

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