Michigan Legislated Tax Credits To Attract Battery Manufacturers!

Michigan has been working to attract advanced technology and green energy companies to set up shop for several years now. So far, it has had only limited success. The Michigan legislature passed tax credits for battery companies that start manufacturing facilities in Michigan.

To date, lithium ion battery efforts in Michigan have been relatively limited. The best known companies are Compact Power Inc and a subsidiary of A123 Systems which operate research and development operations in the state. CPI is a subsidiary of LG Chem and it is rumored to have received the supply deal for the Chevy Volt.

The Michigan legislature passed a package of tax credits valued at up to $335 million for battery manufacturing operations in the state. The actual amount of the tax breaks depends on production volumes.

Maybe somebody should tell Nissan and NEC about the tax-credit opportunity in Michigan.

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