{"id":11759,"date":"2022-05-26T13:29:01","date_gmt":"2022-05-26T13:29:01","guid":{"rendered":"https:\/\/www.investupmi.com\/?p=11759"},"modified":"2022-05-26T13:29:04","modified_gmt":"2022-05-26T13:29:04","slug":"calumet-electronics-receives-2-6m-grant-to-offset-new-technology-costs","status":"publish","type":"post","link":"https:\/\/www.investupmi.com\/index.php\/2022\/05\/26\/calumet-electronics-receives-2-6m-grant-to-offset-new-technology-costs\/","title":{"rendered":"Calumet Electronics receives $2.6M grant to offset new technology costs"},"content":{"rendered":"\n

Calumet Electronics<\/a> was awarded $2 million from the Michigan Strategic Fund<\/a> in Community Development Block Grant funds to offset machinery and equipment costs for its 35,000 sq. ft. manufacturing facility expansion. The project is expected to generate a total capital investment of $6.5 million and create 80 manufacturing and engineering jobs. Calumet Township<\/a> is supporting the project by acting as the applicant for the CDBG grant. When the project is completed, the company will be one of few manufacturers in the U.S. with the ability to increase capability and capacity for organic substrates, a critical component in all microelectronics–which will then reduce American reliance on Asia to put semiconductors into service, especially in national defense applications.

“This expansion is critical to the growth and recruitment of talented workers for a company that is in a critical industry and critical to the region,” said InvestUP CEO Marty Fittante. “We are grateful to the MEDC CEO Quentin Messer and his team for the partnership and leadership on finding favor with this important expansion, as we know it took real effort to ensure this project had a path for approval. This opportunity will result in new jobs for a community that, while blessed with an unbeatable quality of life, really needs good-paying, family-sustaining jobs.” Read more here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Calumet Electronics was awarded $2 million from the Michigan Strategic Fund in Community Development Block Grant funds to offset machinery and equipment costs for its 35,000 sq. ft. manufacturing facility expansion. The project is expected to generate a total capital investment of $6.5 million and create 80 manufacturing and engineering jobs. Calumet Township is supporting […]<\/p>\n","protected":false},"author":5,"featured_media":11760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[555],"tags":[],"class_list":["post-11759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-bites"],"yoast_head":"\nCalumet Electronics receives $2.6M grant to offset new technology costs<\/title>\n<meta name=\"description\" content=\"Calumet Electronics was awarded $2.6M from the Michigan Strategic Fund to offset machinery and equipment costs for its facility expansion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investupmi.com\/index.php\/2022\/05\/26\/calumet-electronics-receives-2-6m-grant-to-offset-new-technology-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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