LANSING, Mich. — Sen. Hoon-Yung Hopgood (D–Taylor) today lauded the Michigan Strategic Fund’s decision to authorize a $2.7 million increase of a Michigan Business Development Program performance-based grant to Brose New Boston, Inc., bringing the grant total to $6.95 million. The money will be used to support new products and programs — and an additional 300 jobs — over the next five years.

“Southeast Michigan’s highly skilled and talented workforce provides us with an opportunity for strong economic growth,” Sen. Hopgood said. “We are in a unique situation to reposition ourselves as a high-tech corridor of automotive innovation, and this financial investment will help our community achieve progress in that direction.”

Since December 2014, Brose New Boston, Inc. has utilized an initial grant of $4.25 million to secure several new business clients and accounts that exceeds their North American operations’ current production capacity. With the additional funding support now in place, the company will have a combined workforce of 775, invest an additional $104 million, and bring its investment in Michigan to more than $202 million.

Grant funds will be used to support new production lines, and skilled operators and technicians, at the company’s New Boston (Huron Charter Twp.) location. Additional jobs — including professionals to support new account clients, and technicians to perform testing and technical support — will be at Brose New Boston, Inc.’s headquarters in Auburn Hills.

Established in 1908, Brose New Boston, Inc. is the world’s fifth-largest, family-owned supplier of mechanical, electrical, electronic and sensor systems for the automotive industry. The company employs more than 25,000 employees and equips every second new vehicle produced worldwide with one of its products that increases vehicle comfort, safety and efficiency.