LG Chem, a battery company based in Holland, Mich., received a $151 million grant through the federal “stimulus” program and another $100 million in promised … sitting there and doing nothing, and it's basically on taxpayer money." LG Chem is a Korean-owned company that promised in 2010 to create 443 new jobs …
… of the South Korean battery maker LG Chem. The MEDC in effect converted the … Jennifer Granholm in May. It absolves LG Chem's American subsidiary, Compact Power, … the form of cash disbursements. LG Chem's facility is one of four such plants … their facilities to become renaissance zones. LG Chem was just the first such conversion …
… financial struggles of Michigan “green energy” manufacturers A123 Systems and LG Chem left both state and federal taxpayers on the hook for millions of dollars. … chewing gum reduced tooth decay. Such an approach, however, resulted in the LG Chem, A123 and Solyndra debacles in the first place. Miller abjures the president’s …
… electric car battery plant owned by the Korean firm LG Chem. The federal contribution is $151 million in "stimulus" … half the state's total output for a year.) LG Chem's owners are not the only battery-plant operators … battery packs will take place at both this and the LG Chem Holland plant, with primary production actually …
… be one of the biggest green failures in the country. While countless articles have been dedicated to exposing green failures like Solyndra, A123, LG Chem, Energ1 and others, Frontier, which is a part of Mascoma Corp., has received little media attention. In June, Michigan Capitol Confidential reported that …
… pitching foreign companies on the business climate in Michigan, though some of that might occur, but by promising taxpayer incentives. For instance, the LG Chem plant the governor cites was awarded $100 million in refundable credits. Offering these taxpayer dollars can cost the economy jobs, too, and are not …
… Systems renaissance zone award actually preceded one to the Korean firm LG Chem for a Holland plant, as reported in Michigan Capitol Confidential on July … $100 million "refundable" business tax credits for both A123 Systems and LG Chem.* "Refundable" means that the state will send the companies a check for …
… 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 …
