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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...