Michigan UP Manufacturer Secures Funding of $2.8M to Advance Production Technology of FRP Rebar

MISBDC Success Story

Early-stage manufacturer Neuvokas Corporation, in Michigan’s Upper Peninsula (UP), has secured over $2.8 million in funding to develop a new technology. This new technology is capable of producing Fiber Reinforced Polymer (FRP) rebar used in the construction industry. The funding will also support job creation and on-the-job training for new employees over the course of the next two years.

State transportation economic development grant will support 31 new jobs in Keweenaw County

MDOT Press Release 

The Michigan Department of Transportation (MDOT) is awarding a state transportation economic development grant that will support the creation of 31 new jobs in Keweenaw County. A Transportation Economic Development Fund (TEDF) Category A grant for $136,911 will leverage $1.58 million in private investment, at a private/public ratio of better than 11-to-1.

Neuvokas Semi-Finalist at Accelerate Michigan Innovation Competition

For the third year in a row, Neuvokas Corporation was selected as a semifinalist at the Accelerate Michigan Innovation Competition (AMIC).  On November 4th, at 2:20 pm company founder and CEO, Erik Kiilunen will pitch Neuvokas to a panel of judges at the Westin Book Cadillac hotel in Detroit, MI. The winner of AMIC’s “Shark-Tank” style competition is eligible for up to $500,000 in cash and prizes. “Not only is this an opportunity to bring home some cash” says Mr.