LANSING, Mich. (AP) — Michigan lawmakers approved a $101 million incentive package for Ford Motor Co. for a planned project that will create 3,030 jobs and $1.16 billion in manufacturing facility investments throughout the state.

The tax-funded incentive will be paid in increments and is contingent on Ford hitting promised employment targets.

The state Senate Appropriations Committee’s approval last week was the final step for the funds to start being distributed to Ford.

It comes just weeks after the company announced plans to add 6,300 new jobs in the Midwest and invest $3.7 billion in manufacturing facilities across Michigan, Ohio and Missouri.

Gabby Bruno, director of economic development for Ford, said the new investments will allow for the automaker to nearly double the production of Ford’s all-electric truck, the F-150 Lightning, in Dearborn.