Michigan Businesses Win $242M in Tax Credits

The tax credits awarded to 183 firms provide a 30% write-off for building advanced technology equipment such as wind turbines, batteries and solar panels. Among the Michigan companies was Hemlock Semiconductor, which got $142 million to make solar components -- the largest single award. Other Michigan tax incentives include: $27 million to Dow Corning to build a new monosilane facility,  $22 million to Merrill Technologies Group to help buy advanced manufacturing equipment to support the production of components for Northern Power's new 2.2  MWwind turbines, $17.8 million to Dow Chemical to produce photovoltaic cells, $9.8 million to Stirling Energy Systems to produce azimuth drives used to track the sun for the SunCatcher, a 25 kW solar dish, $1.3 million to Great Lakes Industry to produce components for wind turbines, $1.3 million to Ilumisys to automate production of LED replacements for fluorescent lights, $2.7 million to Guardian Industries to produce unique low-iron pattern glass used in solar applications, $300,000 to Rogers Foam Automotive to manufacture a component to be used in the thermal management system of lithium ion battery assemblies for vehicles, and $2.6 million to Ventower Industries to become a full service manufacturer of wind turbine towers.