Michigan Aerospace Incentives Package

In attempt to lure aerospace manufacturer Boeing Co. to locate their new 7E7 aircraft manufacturing facility in Michigan, Governor Jennifer Granholm announced that the Michigan Economic Development Corporation has provided details concerning an incentives package to the company. Although specifics weren’t released, a press release by the Governor stated that the incentives package could include Michigan single business tax credits and local tax abatements, in addition to infrastructure assistance and worker training grants. The package is estimated to be worth up to $300 million over a 20-year period. (Press Release, Michigan Governor Jennifer M. Granholm, June 19, 2003.)

Posted on June 15, 2003