Nexteer to retain 1,100 jobs in Buena Vista, invest in Saginaw County site thanks to grant
BUENA VISTA TWP, MI — Nexteer Automotive will retain more than 1,000 jobs at its Buena Vista Township site — about 30% of its Saginaw County workfo...
BUENA VISTA TWP, MI — Nexteer Automotive will retain more than 1,000 jobs at its Buena Vista Township site — about 30% of its Saginaw County workforce — with help from a CARES Act grant.During a board meeting Tuesday, Sept. 27, the Michigan Strategic Fund approved allocating $25.5 million in Coronavirus Aid, Relief, and Economic Security Act funding to support Nexteer. Buena Vista Township sought the grant to secure a $312 million investment from Nexteer Automotive Corp.Related: $1.2B northern Michigan mine eligible for tax-exempt funding'Nexteer is honored that the Michigan Strategic Fund Board approved our investment request for the Community Development Block Grant Program and the State Essential Services Assessment.