Comment by invidious1on Jun 15, 2024 3:29pm
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Post# 36090669
RE:$50 million grant coming
RE:$50 million grant comingJust to clarify: the $50 million "Strategic Site Readiness" grant was approved by the Michigan Economic Development Corp., but the money itself must still be appropriated by the Michigan legislature. So headlines indicating that Highland has "received" the grant are decidedly premature (the Michigan House Appropriations Committee heard testimony on the proposed grant May 22, 2024, but has not voted to authorize spending as of June 15, 2024). Further, the grant is not activated until Highland Copper securies at least $150 million in construction funding from other sources. So the money's not in Highland's pocket just yet, though the grant is certainly evidence that the Copperwood project has political support at the state level.