Senators Stabenow and Peters Announce $355 Million in Funding for Michigan’s Battery Manufacturing Sector

URLhttps://www.stabenow.senate.gov/news/senators-stab
Sourcestabenow.senate.gov
Date Published09/20/2024

Additional Reshoring Information:

Company/Division name Revex Technologies, Inc
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):145
City reshored to:Upper Peninsula
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshorednickel, battery waste into critical minerals
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$145 million
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