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Michigan Lands Four Battery Making Ventures

State hopes to regain central role in tomorrow’s “green” automotive industry.

by on Apr.14, 2009

Michigan Governor Jennifer Granholm signs new legislation authorizing million in tax credits to draw advanced battery production facilities to the state.

Michigan Governor Jennifer Granholm, in January, signing new legislation authorizing million of dollars in tax credits to draw advanced battery production facilities to the state.

Four new battery manufacturing ventures, worth an estimated $1.7 billion, will be launched in Michigan, state officials have announced.  The news underscores Michigan’s efforts to transform itself into the center of a new, green auto industry.

A total of 6,683 jobs will be created, Governor Jennifer Granholm revealed, confirming a report that appeared, early today in TheDetroitBureau.com.  That’s a significant development in a state that has been battered by cutbacks at the Big Three and traditional automotive suppliers, though even when fully implemented, it will leave Michigan with one of the worst unemployment rates in the nation.

“Today marks a defining moment for Michigan’s future as we see a new industry begin to take root and grow new jobs,” Granholm declared during a news conference announcing the new ventures – and the awarding of more than $500 million in grants to encourage the battery manufacturing projects.

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