Battery Systems Tech Center Coming to Van Buren Township

Ricardo Inc., a leading independent provider of technology, product innovation, engineering solutions and strategic consulting in low emissions and fuel-efficient powertrain technology, will invest more than $2 million to establish a Battery Systems Development Center for hybrid and electric vehicle battery pack development and testing at its facility in Van Buren Township. The project is expected to create 32 new jobs directly by the company and 16 spin-off jobs. Based on the MEDC’s recommendation, MEGA approved a state tax credit valued at $991,000 over 10 years to win the company’s investment over a competing site in Illinois. To support the project, Van Buren Township will consider an eight-year abatement worth approximately $74,200 when combined with savings under the new Michigan Business Tax.