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A Michigan-based company slated to produce lithium-ion polymer batteries for electric vehicles has instead kept production overseas, has failed to meet job targets outlined in a $150 million grant from the federal government, and has been reimbursed by the government for $842,000 in wasted work time, according to a U.S. Department of Energy Special Report released Wednesday.
The DOE says Holland, Mich.-based LG Chem Michigan misused part of a $150 million in American Recovery and Reinvestment Act funds and has decided not to shift production from its plant in South Korea to Michigan. It painted a stark picture of wasted U.S. federal dollars.
"Until the shift in production takes place or some alternative use for the plant is developed, U.S. taxpayers will receive little direct benefit from a plant for which they provided up to half of the funding," the report said.
The DEQ recently was recognized by an International environmental group for its pollution prevention efforts.
The department was a 2012 North America Gold winner of the International Green Apple Award for Environmental Best Practices by The Green Organisation, an independent, non-political, non-profit organization that recognizes, rewards, and promotes environmental best practices around the world.
Molded Foam, LLC, a manufacturer of foam seating and cushioning materials, announced today that it will acquire a Holland, Mich. firm and relocate its operations to Indiana, creating up to 45 new jobs by 2014.
The company, which provides polyurethane foam cushioning to customers in the defense, medical, office-furniture and transportation industries, among others, plans to invest more than $3.8 million to purchase and equip additional space to house the new operations which will include a new molded production line.
"We take this relocation project as an encouraging sign that we're taking the right steps to make Indiana the most attractive place to run a business," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "Job growth is great news for any community, but it's especially gratifying when new investment happens in a smaller community like Bristol."
Molded Foam, LLC, plans to begin hiring additional manufacturing and supervisory associates early this summer as the new production line becomes operational.
Well, that's what the "BIG TAX BREAK" equates to for a $50,000/year income.
Michiganians can expect individual tax relief this year as part of an agreement on the state budget hammered out late Wednesday that also includes more money for education, roads and film tax credits.
The state will use $90 million in one-time money to reduce personal income taxes by one-tenth of a percent through either a reduction in the rate, a personal exemption or a combination of both, according to Gov. Rick Snyder's office. He and Republican legislative leaders have still to work out the details.
Another $180 million will be added to the schools budget, including $106 million to pre-fund the school employees retirement system with the remainder going to K-12 classrooms.
Snyder emerged from a late Wednesday afternoon budget huddle with House Speaker Jase Bolger and Senate Majority Leader Randy Richardville saying, "It's making soup; it's good stuff."
The Republican governor told reporters Wednesday he still hopes the GOP-led House and Senate will approve moving forward on a new bridge between Detroit and Windsor, Ontario. But he's also pursuing other options.
Message to Gov Snydholm... It's the numbers, stupid.
The numbers don't lie, nor can you hide from them, Gov Snydholm.
A Chinese Group Plans To Construct A 200 Acre "China City" In Michigan
A Chinese group known as "Sino-Michigan Properties LLC" has bought up 200 acres of land near the town of Milan, Michigan. Their plan is to construct a "China City" with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens. Essentially, it would be a little slice of communist China dropped right into the heartland of America.
Gov. Rick Snyder is urging the U.S. Senate to pass legislation that would allow Michigan to extend its 6 percent sales taxes to purchases from out-of-state Internet retailers.
Snyder sent a letter to senators this week endorsing the Marketplace Fairness Act, which would enable states to collect sales taxes from online retailers like Amazon and Overstock.com.
"By enabling remote sellers to ignore the collection of sales and use taxes, it provides them an unfair competitive advantage and threatens the viability of retailers throughout our communities, many of which are locally owned small businesses that reflect the unique character and culture of the Great Lakes State," Snyder wrote in a letter sent Monday -- and obtained Friday by The Detroit News -- to Senate Majority Leader Harry Reid of Nevada and Minority Leader Mitch McConnell of Kentucky.