Subsidy Tracker Individual Entry

Company: 
fortu PowerCell, Inc.
Parent Company: 
Fortu AG
Subsidy Source: 
multiple
Location: 
Michigan
City: 
Muskegon
County: 
Muskegon
Address: 
1740 WHITEHALL ROAD, SUITE A
Zip: 
49445
Project Description: 

advanced battery manufacturing

Year: 
2010
Major Industry of Parent: 
miscellaneous energy products and systems
Specific Industry of Parent: 
batteries
Subsidy Value: 
$112,600,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
726
Capital Investment: 
$623,000,000
Source of Data: 

The tax credit amounts come from a March 16, 2010 press release issued by the office of then-Gov. Jennifer Granholm.

Notes: 

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 tax credits are listed separately in the main Subsidy Tracker data under the program names.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.