I guess it's expensive being green

Ford to invest up to $1 billion in state

August 10, 2006

BY SARAH A. WEBSTER

TRAVERSE CITY -- Ford Motor Co. and the State of Michigan on Wednesday said they had reached a tentative 20-year deal for the automaker to invest up to $1 billion in its operations in the state, saving nearly 14,000 jobs.

The state, in return, would give Ford $151 million in tax incentives, the largest such package ever granted through the Michigan Economic Growth Authority program.

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United Solar Ovonic Bringing High-Tech Manufacturing Facility,

200 New Jobs to Greenville

March 22, 2006

Heidi Watson 517-335-6397

The MEDC approved a Single Business Tax credit valued at $5.7 million over 20 years to win the company’s business. A $5 million federal Community Development Block Grant approved by the MEDC and awarded to the city of Greenville will fund needed infrastructure improvements to support the new plant. The city has proposed a tax abatement valued at approximately $3.6 million over 12 years for the project. The MEDC and city are expected to support a 15-year, tax-free Renaissance Zone for the site, worth an additional $20.4 million to the company. With additional funding for training assistance, the state and local incentive package totals approximately $37 million for the 50MW expansion.

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