ANNOUNCED AS TEMPORARYNo
In 2009 state and local governments in Michigan provided to battery manufacturer LG Chem-Compact Power up to $100 million in state battery tax credits, MEGA tax credits worth $25.2 million; additional MEGA credits worth $3.8 million; $19.6 million from Michigan New Jobs Training Program; an estimated $48.5 million in Renaissance Zone subsidies; and about $870,000 in local infrastructure improvement and personal property tax abatements. The federal Department of Energy also provided a $151 million grant.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.
As no official source could be obtained, this measure is coded "amber".
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