LG Energy Solutions

Approved transfer of $4.6 million Industrial Facilities Tax (IFT) and $158 million Renaissance Zone incentives (2025) to LG Energy Solutions as the company assumed full ownership of the EV battery campus near Lansing.

Continuity of incentive governance under ownership transition • long-horizon regional competitiveness • accountability expectations tied to large-scale industrial development • public risk stewardship in a globally competitive sector

Ensured continuity of local incentive structures supporting a $2.5 billion advanced manufacturing campus central to the region’s EV supply chain. Creating 1,700 new jobs.