{"id":535021,"date":"2010-04-20T03:45:51","date_gmt":"2010-04-20T07:45:51","guid":{"rendered":"http:\/\/www.xconomy.com\/?p=69368"},"modified":"2010-04-20T03:45:51","modified_gmt":"2010-04-20T07:45:51","slug":"michigan-approves-tax-incentives-for-tech-companies","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/535021","title":{"rendered":"Michigan Approves Tax Incentives For Tech Companies"},"content":{"rendered":"\n
Tax Credits<\/a>, Life Sciences<\/a>, Batteries<\/a><\/div>\n

\t\tHoward Lovy wrote:<\/strong><\/p>\n

The state of Michigan is continuing its focus on using tax incentives to convince companies to locate here, or stick around, and a few technology companies are among the latest beneficiaries. The Michigan Economic Growth Authority recently approved tax breaks for the following tech companies.<\/p>\n

Ash Stevens:<\/strong><\/a> The Detroit-based life sciences research company will receive $710,019 in state tax credits over seven years. The company says it will spend $14.9 million to expand its facility in Riverview, MI, creating at least 60 new jobs.<\/p>\n

fortu PowerCell:<\/strong> The German-Swiss-based battery manufacturer plans to invest $623 million in a new battery-cell manufacturing plant in Muskegon, MI. The state approved tax credits valued at $12.6 million over 10 years to encourage the company to continue its Michigan expansion.<\/p>\n

Materialise USA:<\/strong><\/a> The subsidiary of a Belgium-based company, which specializes\u00a0 in 3-D medical image processing, plans to invest $12.5 million in a Plymouth Township, MI, facility with help from a state tax credit valued at $563,000 over seven years.<\/p>\n

Oasis Advanced Engineering:<\/strong><\/a> The Auburn Hills, MI-based R&D company specializes in software and embedded electronics for combat vehicles. The company is looking to invest $7.5 million in an expansion. Oasis received a state tax credit valued at $1.4 million over seven years.<\/p>\n

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Tax Credits, Life Sciences, Batteries Howard Lovy wrote: The state of Michigan is continuing its focus on using tax incentives to convince companies to locate here, or stick around, and a few technology companies are among the latest beneficiaries. The Michigan Economic Growth Authority recently approved tax breaks for the following tech companies. Ash Stevens: […]<\/p>\n","protected":false},"author":5881,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-535021","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/535021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/5881"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=535021"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/535021\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=535021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=535021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=535021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}