The Michigan Strategic Fund board on Tuesday voted to rescind $29.4 million in tax incentives for a $1.06 billion transformation of an Upper Peninsula paper mill after the facility’s Swedish owner canceled the project earlier this year. Gov. Gretchen Whitmer and legislature had approved a $200 million grant for the project at Escanaba Mill earlier last year. The funding, originally earmarked for Billerud U.S. Production, will go back to the general fund, said Otie McKinley, spokesperson for the Michigan Economic Development Corp. State incentives to revitalize the Escanaba Mill have been canceled after the facility’s owner, Billerud, dropped plans to convert the plant to production of cartonboard. “Also of note, none of that funding was distributed to the company,” McKinley said in an email. …The project would have helped retain nearly 1,240 jobs at the mill’s 2,000-acre site in Escanaba Township and Wells Township in Delta County.