Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan
Green Car Congress
APRIL 14, 2009
The MEGA board approved a high-tech state tax credit valued at $25.2 A123Systems first invested in Michigan when it acquired Ann Arbor-based T/J Technologies in 2006. The MEGA board approved a state tax credit valued at $44.6 million over 15 years and a battery cell tax credit valued at $100 million over four years. A123Systems Inc.
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