Michigan Funds Wind-Power Companies

Feb 4 2009 | 8:47am ET

Two wind sector firms are among 10 Michigan businesses receiving support from the Michigan Economic Development Corporation (MEDC).

Governor Jennifer Granholm announced Wednesday that, based on the MEDC’s recommendation, the Michigan Economic Growth Authority had approved state tax credits to win the projects over competing national and international sites. Combined, the 14 projects are expected to create and retain 8,912 jobs and generate over $330 million in new investment in the state.
 
“Despite these challenging economic times, our aggressive economic strategy is producing results for communities across Michigan, and we will continue to go anywhere and do anything to bring new jobs to our state,” said Granholm.

The companies include Great Lakes Towers, a start-up wind turbine tower manufacturing company planning to spend $19 million to locate its first manufacturing plant in Monroe. The company expects to produce over 500 wind towers annually.

Also benefitting is Atwell-Hicks, a land development consulting firm focusing on alternative energy and wind power energy production and transmission corridors for wind farms. It will invest $5 million to expand operations in the Ann Arbor area.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note