JCI Agrees to Pay Back State Funds for Holland Battery Plant

LANSING, MI (WHTC) – Johnson Controls has agreed to pay 3.75 million dollars back to the state after failing to create 400 jobs at its Meadowbrook advanced battery plant off of 48^th Street in Holland. As part of the new deal with the Michigan Strategic Fund, JCI will maintain its 225-person workforce, at the cost of 8.75 million dollars if it fails to do so, lose a 125 thousand-dollar annual tax break through the revocation of a Renaissance Zone designation for the site, and invest 12 million dollars into the facility. Slow battery industry development was noted by the Strategic Fund board as a factor in the new deal.