What the Governor’s Talking about
Today
Friday, January 8,
2010
Governor Lauds Recovery
Act-Funded Advanced Energy Tax Credits for Michigan
Companies
This afternoon the governor issued the following
statement regarding President Obama’s announcement that 12 Michigan companies will
receive Advanced Energy Manufacturing Tax Credits totaling approximately $242
million through the Recovery Act:
“The Advanced Energy Tax Credits that President Obama
announced today will boost Michigan’s growing
clean energy economy and create new jobs for Michigan workers. Michigan is perfectly
positioned to grow jobs by exporting clean energy technologies to the rest of
the world. We’re ready to partner with the Obama Administration and put
our manufacturing workers, scientists and engineers back to work in this
emerging industry.”
The 12 companies are Dow Chemical in Midland, Dow Corning in Hemlock, Energetx Composites in
Holland, Great Lakes Industry in Jackson,
Guardian Industries in Carleton, Hemlock Semiconductor in Hemlock, ilumisys,
Inc. in Troy, Merrill Technologies Group in
Saginaw, Rogers Foam Automotive in Flint, Stirling Energy Systems in Livonia, United Solar Ovonic in Auburn Hills and VenTower
Industries in Monroe. The companies are involved in
various forms of clean energy manufacturing, such as making components for solar
panels, wind turbines and advanced batteries.
Michigan companies
received more than 10 percent of the total tax credits awarded nationally, with
Hemlock Semiconductor receiving the largest overall tax credit, $141.8
million. The tax credits are estimated to trigger more than $750 million
in private sector investment in Michigan.
#
# #