LANSING, Mich. — Sen. John Bizon, M.D. announced on Tuesday that the Michigan Strategic Fund has awarded a grant to an Albion company for business development.
MSF is providing a $204,000 Michigan Business Development Program performance-based grant to Knauf Insulation’s Albion facility to convert and restart an idled production line, increasing production capacity by more than 30%.
“This is tremendous news for Knauf Insulation and the city of Albion,” said Bizon, R-Battle Creek. “This grant will bring further investment into the community and enable the company to create jobs.”
Bizon said the project is expected to generate a total private investment of $32.4 million and create 34 jobs.
The Michigan Strategic Fund also approved a 100%, 15-year State Essential Services Act exemption valued at $708,325. Michigan was chosen for the project over facilities in Indiana and Alabama.