Michigan approves $120m grant and tax incentives for Dow Chemical to retain 5,000 jobs in Midland and Auburn facilities.

Michigan approves $120m grant for Dow Chemical to retain 5,000 jobs in Midland and Auburn facilities. The state incentives for the project include a $120m grant, a 15-year property tax break worth $25m, and a 10-year extension of the Renaissance Zone tax incentive. Dow plans to improve and expand manufacturing processes for electric vehicle materials at the Midland industrial park, with upgrades to utilities.