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Challenge Manufacturing Receives Millions in Grants for Facility Expansion

Agency - Michigan Strategic Fund

Challenge Manufacturing, an auto performance part and carbon composite company, is being awarded a $1 million Michigan Business Development Program grant.

The grant aims to support a 10 million-dollar expansion of the company's facilities in the region. The company's officials say that the funds used for upgrades will also grow its thousand-member workforce by 180 full-time employees.

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Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses. Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones

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