For Veptos, this marks an important step in building the production capacity, workforce, and operating base needed to support armored vehicle modernization, fleet readiness, and sustainment work at scale.
Media Mentions
Michigan Economic Development Corporation
The Michigan Economic Development Corporation announced that the Michigan Strategic Fund approved support for Veptos through a $5 million Michigan Business Development Program performance-based grant. MEDC reported that Veptos plans to acquire the former bus manufacturing facility in Imlay City, create over 420 jobs, and invest $19.67 million in Michigan.
The Tri-City Times reported on Veptos’ planned move to the former Champion Bus facility at 331 Graham Road in Imlay Township. The publication noted that the site includes approximately 190,000 square feet on 73 acres and that the project is expected to create roughly 420 new jobs.
MLive reported on the Michigan Strategic Fund’s $5 million award connected to Veptos’ planned Michigan expansion. The article also covered the company’s armored vehicle work and the broader economic development impact of the project.
The Detroit Regional Partnership included Veptos in its roundup of new defense projects landing in the Detroit Region. DRP stated that Veptos moved its armored vehicle manufacturing headquarters from Texas to Michigan, generating approximately $20 million in investment and creating 420 new jobs.
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