Content related to ‘MI’

Michigan Corporate Moves

Michigan Gets $1.35 Billion from DOE for Advanced Battery Development Vice President Joe Biden recently announced that 12 Michigan projects have been awarded more than $1.35 billion in economic stimulus grants from the U.S. Department of Energy to support advanced battery and electric vehicle manufacturing and development. Funding for the competitive grants comes from the American Recovery and Reinvestment Act. The projects are estimated to create 6,800 jobs in the next 18 months and up to 40,000 jobs by 2020. Michigan Gov. Jennifer M. Granholm and Lt. Gov. John D. Cherry Jr. hailed the awarding of the alternative energy grants. “Three years ago, we identified the advanced battery market as a key emerging sector that Michigan, already the global center of automotive research and development, was positioned to lead,” Granholm said. “We developed an aggressive strategy to make Michigan the advanced battery capital of the world, and today’s announcement is another huge step toward that goal.” “Michigan is the leader among states in the advanced battery field, and it will help transform our economy,” Cherry said. “We are working to establish an entire advanced battery industry with manufacturers, suppliers, and the entire value chain located right here in Michigan, creating new economic activity and new jobs.” Michigan saw the opportunity for an advanced battery industry early and developed an innovative strategy to bring to Michigan the jobs and economic development created by advanced battery research, development, and manufacturing. That strategy includes Michigan’s first-in-the-nation advanced battery tax credits. Earlier this year, Granholm signed into law legislation providing up to $700 million in refundable tax credits to encourage companies to develop and manufacture advanced batteries and commercialize advanced battery technologies in Michigan. Michigan’s early commitment to this initiative was a key factor in Michigan projects receiving the DOE grants. Beginning in February, the Michigan Economic Growth Authority (MEGA) approved battery incentive agreements with Ford, GM, and Chrysler totaling $280 million for pack engineering, integration and assembly, vehicle engineering, and advanced-battery technologies. In April, MEGA approved $400 million in refundable advanced battery tax credits for A123Systems, Johnson Controls-Saft Advanced Power Solutions, KD Advanced Battery Group, and LG Chem-Compact Power. The state also is expanding its advanced automotive research outside of the metro Detroit area. For example, Mercedes-Benz is expected to hire more than 200 workers for a hybrid technologies research and development center that will be relocated from Troy, MI to Washentow County. The center will be the first major alternative propulsion technology operation in the Ann Arbor, MI region, which is steadily […]


Michigan is Still in Motion

Michigan is Still in Motion

The automotive industry may have hit a stop sign, but Gov. Jennifer Granholm’s aggressive strategy is maintaining forward momentum in the crown of the Great Lakes. From motion pictures to nanotechnology, the Wolverine State is in the hunt for new jobs.