95.3 / 88.5 FM Grand Rapids and 95.3 FM Muskegon
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Holland company named as contributing to Michigan’s top ranking for clean energy investments

EV bus in Detroit
EV bus in Detroit 

The Michigan Economic Development Corporation mentions the opening of LT Precision in Holland as one of 58 projects in the report

For the second year in a row, Michigan has earned the top spot for investing in clean energy according to Climate Power, an advocacy and political action organization that tracks the “green” economy.

The report shows Michigan won 58 projects under the Biden administration’s Inflation Reduction Act, securing more than $25 billion in investments and more than 21,000 jobs, beating out Texas, Georgia, California, and South Carolina as the top state where companies are locating new projects.

Many of those are in the greater Detroit area but LT Precision in Holland was singled out for mention.

The South Korean-based manufacturer is investing $43 million to establish its north American headquarters in Holland and to build new operations there.

The report also ranked Michigan second for locating projects in low-income communities.

Another first place ranking came from Business Facilities, which identifies leading locations for industries, and named Michigan best-in-nation for the automotive industry, earning top spots in life sciences, semiconductors, EV investments, and customized workforce training.

Business Facilities also recognized Grand Rapids as one of the top three mid-sized metro areas in the country for Best Business Climate.

Related Content