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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note