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Granholm calls for Senate action on MEGA credits


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EAST LANSING, MI – Governor Granholm uses her weekly radio address to call on the state Senate to boost the number of tax credits her administration can use to attract businesses and jobs.
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The governor says business recruitment efforts could stall without more Michigan Economic Growth Authority or MEGA tax credits. The MEGA board has nearly reached its limit, and won t be able to award new business tax credits until next year.
Governor Granholm says that would leave Michigan at a disadvantage in the fierce competition for jobs.
Tax credits that are approved by the MEGA board help Michigan compete with other states and even foreign countries for new companies or the expansion of present businesses, she says. ....

United States , Rick Pluta , Michigan Economic Growth Authority , Senate Finance Committee , Michigan Public Radio Network , Michigan Public Radio , Governor Granholm , Michigan Economic Growth , ஒன்றுபட்டது மாநிலங்களில் , மிச்சிகன் பொருளாதார வளர்ச்சி அதிகாரம் , செனட் நிதி குழு , மிச்சிகன் பொது வானொலி வலைப்பின்னல் , மிச்சிகன் பொது வானொலி , மிச்சிகன் பொருளாதார வளர்ச்சி ,

Energy Secretary Jennifer Granholm on Pipeline Crisis: Drive an Electric Car


13 May 2021
Secretary of the Department of Energy Jennifer Granholm said at a press conference at the White House on Tuesday that people who are driving electric cars are not affected by the hacker-forced shutdown of the Colonial Pipeline.
“I just have a question for each of you. I’ll start with you, Secretary Granholm, because ladies first,” a reporter asked. “Obviously, we have the acute issues with the Colonial Pipeline ransomware attack. But looking more holistically in a macro view, how does this speed up the efforts at DOE to move in more of a renewable direction since this is going to have an impact on people at the pump?” ....

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Former Gov. Granholm's Clean Energy Promises Go National – Michigan Capitol Confidential


May 4, 2021
Since former Michigan Gov. Jennifer Granholm was appointed as U.S. Secretary of Energy, she has made many comments about creating clean energy jobs.
“So what we need to do is to make sure that all parts of the country and their leaders understand that this clean energy economy, that reducing carbon emissions, is a job creator for every corner of the nation,” Granholm said in an interview with National Public Radio. “So even in coal country, even in gas and oil country, there’s an opportunity for jobs. . There will be millions of jobs that will be created in clean energy.” ....

New York , United States , Jennifer Granholm , Detroit Free , National Public Radio , New York Times , Michigan Economic Growth Authority , Detroit Free Press , National Public , Global Wind Systems , Wind Systems , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , டெட்ராய்ட் இலவசம் , தேசிய பொது வானொலி , புதியது யார்க் முறை , மிச்சிகன் பொருளாதார வளர்ச்சி அதிகாரம் , டெட்ராய்ட் இலவசம் ப்ரெஸ் , தேசிய பொது , காற்று அமைப்புகள் ,

How States Can Avoid Costly Pitfalls While Rebuilding Their Economies


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In 2010, Michigan’s economy was reeling. The Great Recession had hit the state hard and U.S. automakers were struggling to survive. Seeking to ease the pain, state officials authorized tax credits under the Michigan Economic Growth Authority (MEGA) program as part of long-term deals with distressed automakers. But the program did not include fiscal protections to control the state’s costs. This would prove to be a damaging misstep years later when Michigan had to close a multi-million dollar budget gap with spending cuts after automakers began claiming credits in larger amounts than expected.
How did this happen? When developing the agreements, the state relied on unrealistic estimates of the number of jobs the companies would create and the salaries they would pay. The companies hired more workers at higher than anticipated salaries, qualifying for more tax credits and driving costs higher than expected. Fortunately, such situations can be avoided. ....

New York , United States , New Jersey , Michigan Economic Growth Authority , Office Of Program Evaluation , Pine Tree Development Zones , Commonwealth Mobile Telecommunications Broadband Investment Tax Credit , Pennsylvania Independent Fiscal Office , Great Recession , New York City , Independent Fiscal Office , Program Evaluation , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜெர்சி , மிச்சிகன் பொருளாதார வளர்ச்சி அதிகாரம் , அலுவலகம் ஆஃப் ப்ரோக்ர்யாம் மதிப்பீடு , பைன் மரம் வளர்ச்சி ஸோந்ஸ் , காமன்வெல்த் கைபேசி தொலைத்தொடர்பு பிராட்பேண்ட் முதலீடு வரி கடன் , பென்சில்வேனியா சுயாதீனமான நிதி அலுவலகம் , நன்று மந்தநிலை , புதியது யார்க் நகரம் , சுயாதீனமான நிதி அலுவலகம் , ப்ரோக்ர்யாம் மதிப்பீடு ,