ANNOUNCEMENT 16 Mar 2010In March 2010, a US state government announced a targeted tax change.
NUMBER OF INTERVENTIONS
Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx.
March 16, 2010 press release issued by the office of then-Gov. Jennifer Granholm.
In 2010 the state of Michigan provided an incentives package to fortu PowerCell, Inc. for advanced battery manufacturing. The subsidies include $100 million state battery tax credits and $12.6 million in MEGA tax credits. The company also received an Industrial Property Tax Abatement of unknown value.
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.