Mullen’s Bollinger Receives $3 Million for New Jobs Creations

Market News Daily - Mullen's Bollinger Receives $3 Million for New Job Creations.
Market News Daily – Mullen’s Bollinger Receives $3 Million for New Jobs Creations.

Mullen Automotive’s (NADAQ:MULN) Bollinger announced that it has received a $3 million ‘jobs creation’ grant from the state of Michigan.

The company announced on Wednesday that Bollinger Motors received final approval from the state of Michigan for a $3 million grant aimed at promoting job creation in the state.

In a unanimous decision, the Michigan Strategic Fund Board approved the incentive through the Michigan Business Development Program.

“Bollinger Motors is poised for growth and we’re proud to be focused on expanding our company’s operations as we approach start-of-production,” said Robert Bollinger, founder and CEO of Bollinger Motors.

“I appreciate Michigan’s faith in our plan and our product as we seek to electrify America’s fleets.”

The grant funds will be distributed to the company as they reach job creation milestones over the next five years.

The award also includes access to an estimated $2 million in talent services and training support through Oakland County Michigan Works, said the official press release.

“Congratulations to the entire Bollinger Motors team on your continued growth and success!

We are thrilled to begin this next chapter of Team Michigan’s partnership with Bollinger as we continue to position Michigan as the undisputed leader in vehicle electrification and future mobility,” said Quentin L. Messer, Jr., CEO of the Michigan Economic Development Corporation and president and chair of the Michigan Strategic Fund.

“This project is a win for Southeast Michigan and the entire state.

We are grateful to Governor Whitmer, legislators from both parties, and local officials for their continued support for our programs that help make announcements like this possible.

We’re proud to join our partners as we celebrate Bollinger’s expansion and will continue to earn investments like this one, invest in places and support our people as we encourage businesses of all sizes to Make It In Michigan.”

“I applaud the Michigan Strategic Fund’s approval of a job creation grant for Bollinger Motors,” said State Representative Natalie Price (D-5th District). “Not only will this grant help create hundreds of jobs in Oak Park, but it will continue to spur innovation in the electric vehicle market, leading us all towards a clean energy future.”

Further Announcements

Market News Daily - Mullen's Bollinger Receives $3 Million for New Job Creations.
Market News Daily – Mullen’s Bollinger Receives $3 Million for New Jobs Creations.

“Michigan is our home, and we look forward to the future with our ongoing partnerships and support from Oak Park, Oakland County, and the state of Michigan. They all play a large role in our continued success and growth,” said Jason Puscas, general counsel for Bollinger Motors.

“On behalf of the City of Oak Park we are proud to support this expansion project and thrilled the Bollinger Motors headquarters will remain in Oak Park,” said Erik Tungate, city manager of Oak Park.

“Bollinger Motors moved to Oak Park in 2020 and has been an impactful addition to the growth of our community. The addition of more high paying positions at their headquarters will attract new residents and investment to our community.”

“The creative partnerships Bollinger Motors is forging with companies like Our Next Energy and Mullen Automotive continue to bring good news to Oak Park and Oakland County,” said Oakland County Executive Dave Coulter. “New jobs and new alliances, especially in the fast-growing electric vehicle sector, are always welcome in Michigan and Oakland County as the region continues to bolster its reputation as home to the mobility industry of the future.”

“Bollinger Motors is an exciting company that chose Oakland County and Southeast Michigan as the best location for it to grow into a major EV innovator,” said Maureen Donohue Krauss, president and CEO of the Detroit Regional Partnership. “We are proud to work with Bollinger Motors as they expand their strategic footprint in the Detroit Region and shape the emerging EV mobility industry.”

The company anticipates deliveries of its first vehicle, the Bollinger B4 chassis cab, to begin in July 2024 and are expected to be eligible nationwide for a federal purchasing incentive of 30% of the cost of the vehicle, up to a total $40,000, through the Inflation Reduction Act of 2022.

Mullen Automotive acquired a controlling interest in Bollinger Motors in September 2022, a move intended to strengthen the two EV companies’ positions within the fast-growing electric sport utility and commercial vehicle markets.

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Market News Today - Mullen's Bollinger Receives $3 Million for New Job Creations.
Market News Today – Mullen’s Bollinger Receives $3 Million for New Jobs Creations.

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