Subsidy Tracker Individual Entry
advanced battery manufacturing
The initial tax credit amounts came from an April 14, 2009 press release issued by the office of then-Gov. Jennifer Granholm; the additional battery tax credit figure came from a February 25, 2010 press release issued by the governor's office. The Renaissance Zone tax break figures came from a report to the Midland City Council dated January 6, 2010; online at http://www.midland-mi.org/government/council/meetings/agenda/2010/Packet... 6.pdf
The subsidies included: $100 million in state battery tax credits; $44.6 million in MEGA tax credits; $42 million in additional battery tax credits; $4.3 million in Renaissance Zone property tax abatements; and $3.4 million in Renaissance Zone Michigan Business Tax breaks. Overlaps with main Subsidy Tracker data: two Battery Tax Credit entries for 2009 totaling $142 million and a $29 million MEGA entry listed for both 2009 and 2010.