Originally posted by Crain’s Detroit Business

Photo credit: Bloomberg; Signage at a Lucid Studio showroom in Virginia.

Lucid Motors’ plan to invest $10 million and create up to 262 jobs in Southfield will be supported by a $6 million state grant.

The Michigan Strategic Fund board approved Tuesday the performance-based grant for the electric vehicle startup’s new engineering center in the Travelers Towers at 26533 Evergreen Road, a project reported by Crain’s last week.

The California-based EV manufacturer plans a 30,000-square-foot office space initially, with intentions to expand with an additional 50,000-75,000 square feet, according to a Michigan Economic Development Corp. briefing memo.

The company anticipates employing 262 workers by 2026, with an average wage of $51 per hour.

Josh Hundt, MEDC’s chief business development officer and EVP, said winning the project helps solidify the engineering prowess of Michigan, home to 75% of the country’s automotive R&D.

“This company is establishing their first non-manufacturing hub to be here in Michigan,” Hundt told Crain’s in an interview. “What it represents is that Michigan is continuing to lead the way in terms of the electrification of the automotive industry, and we’re continuing to lead the way in terms of research and development.”

Lucid’s expansion in metro Detroit will strengthen the region’s position as a mobility leader, said Maureen Donohue Krauss, president and CEO of the Detroit Regional Partnership, which served as lead on the project.

“The technology in the latest EV is mind-blowing, and Lucid is really pushing the innovation envelope with the Gravity,” Krauss said in an emailed statement. “This is exactly the kind of company we want to add to our automotive and mobility sector. As they innovate, they will grow, expand their footprint, create more jobs, and attract other innovators; strengthening our position as the Global Epicenter of Mobility.”