TROY, Mich., Oct. 1, 2021 — Today, the Michigan Economic Development Corp. announced that the U.S. Economic Development Administration (EDA) is awarding more than $2 million to three SmartZones in Michigan to support programs that fuel innovation and tech-based economic development. This includes a $1.3 million investment in Troy-based Automation Alley’s Michigan Industry 4.0 Accelerator. In response, state Rep. Padma Kuppa (D-Troy) issued the following statement:
“I want to congratulate Troy’s very own Automation Alley for being awarded the venture capital grant. This grant boosts our position at the forefront of manufacturing technological advancement and bolsters entrepreneurship and our economy in the process. I look forward to seeing how this investment will help develop the next generation of technology right here in Troy.”