… report to legislators, the Michigan Strategic Fund noted that it had approved funding for five companies: A123 Subsystems, Dow Kokam, fortu PowerCell, LG Chem and Johnson Controls-Saft. These subsidies helped land investments and short-term jobs, but at a massive cost. Within a few years, the deals were …
… Kuipers (R), to authorize a $100 million refundable Michigan Business Tax credit and other subsidies that would go to a subsidiary of the Korea-based LG Chem battery company for a plant in Michigan. • Senate Bill 622, introduced by Sen. Gerald Van Woerkom (R), to give a subsidy to gas stations that increase …
… electric car battery and similar ventures that have been awarded large subsidies from the state. A plant in Holland planned by the Korean manufacturer LG Chem would get the proposed tax breaks, and also a biodiesel plant in Adrian. Complete Roll Call Vote Tally Senate Bill 1227, Concurrence on House version …
… authorized renaissance zone status for electric car battery companies previously granted hundreds of millions of "refundable" credits. The Korean Firm LG Chem was the first to have its "credit" effectively converted into $100 million cash subsidy from the state with the approval of renaissance zone status …
… voted against the stimulus but accepted the money for their states and/or districts. Recently, in a visit to west Michigan for the opening of an LG Chem battery plant, the President said (in apparent reference to Congressman Pete Hoekstra), "[Stimulus opposition] hasn't stopped many of these same people …
… industries are numerous. The film studios of Hangar 42 in West Michigan and Unity Studios in Allen Park both ended in scandal. A123 Systems and LG Chem were subsidized battery companies that went bankrupt. Renewable energy projects featuring the old Ford Wixom Plant, GlobalWatt, Dow Kokam and Suniva …
… country's fledgling battery technology and domestic electric vehicle industries (not just specifically for the Volt as Ford's offering will also use LG Chem batteries and Fisker will use the A123 system for example) matches the same foresight and innovation leadership that other countries are exhibiting …
… new industry.” Obama visited Holland last summer at the opening of a LG Chem advanced battery facility, which is also heavily subsidized with U.S. taxpayer … same promises. Following the President’s previous visit to Michigan to LG Chem, Mackinac Center legislative analyst Jack McHugh commented in Capitol Confidential …
… became prominent failures. The film studios of Hangar 42 in West Michigan and Unity Studios in Allen Park both ended in scandal. A123 Systems and LG Chem were battery companies that went bankrupt. Renewable energy projects featuring the old Ford Wixom Plant, GlobalWatt, Dow Kokam and Suniva all flopped. …
… new jobs. The state gave it millions, and the federal government approved $119 million. It laid off its staff and filed for bankruptcy in 2012. LG Chem: Granholm said the Holland-based company would help make Michigan “the world capital for advanced batteries” and offered it $125 million on top of …
