Michigan Good News - Michigan Economic Development Corporation
Transcription
Michigan Good News - Michigan Economic Development Corporation
a monthly update brought to you by the Michigan Economic Development Corporation August 2009 LETTER FROM THE PRESIDENT & CEO Dear Friends, Michigan has been working harder than any other state to become the advanced battery capital of the world, and thanks to that hard work, we are now the epicenter of the new U.S. advanced battery industry. In what was an ultra-competitive process, Michigan took the lion’s share of $2.4 billion in U.S. Department of Energy competitive grants for advanced battery manufacturing and electric vehicle components. An eyepopping $1.36 billion will be divided in Michigan among nine companies—Johnson Controls, A123Systems, KD Advanced Battery Group, Compact Power (on behalf of LG Chem), General Motors, Ford Motor, Chrysler, Magna E-Car, and South Coast Air Quality Management District—and three universities—Wayne State University, Michigan Technological University and University of Michigan. These grants are expected to help create up to 6,800 jobs in the next 18 months and up to 40,000 in Michigan over the next 11 years. The dog days of summer have been anything but with news that eight projects are expected to create and retain 14,900 jobs on capital investment of more than $349.5 million. Seven company projects plus an alternative energy brownfield redevelopment are expected to create 6,372 new jobs (2,720 direct), and retain 8,586 jobs (3,359 direct). The roster includes establishment of a new electric vehicle powertrain r&d center in Ann Arbor and conversion of the Muskegon wastewater treatment plant into an alternative energy center. The nation’s largest online mortgage lender is keeping its headquarters in Michigan with new operations in downtown Detroit, and Magna Seating will build a new plant on the long-vacant Chrysler headquarters site in Highland Park. Auto suppliers are expanding and consolidating in Auburn Hills, Saline and three mid-Michigan communities. These and more good news stories continue in the pages that follow. Enjoy! Greg Main, President and ceo Michigan Economic Development Corporationsm On August 5, Vice President Joe Biden came to Detroit to announce the award of more than $1.36 billion in grants from the U.S. Department of Energy to support 12 advanced battery and electric vehicle manufacturing and development projects in Michigan. The battery projects are estimated to create 6,800 jobs in the next 18 months and up to 40,000 jobs by 2020. “Three years ago, we identified the advanced battery market as a key emerging sector that Michigan, already the global center of automotive research and development, was positioned to lead,” Governor Granholm said. “We developed an aggressive strategy to make Michigan the advanced battery capital of the world, and today’s announcement is another huge step toward that goal.” Michigan saw the opportunity for an advanced battery industry well before any other state and developed an innovative strategy to bring to Michigan the jobs and economic development created by advanced battery research, development, and manufacturing. That strategy includes Michigan’s first-in-the-nation advanced battery tax credits. Earlier this year, Granholm signed into law legislation providing up to $700 million in refundable tax credits to encourage companies to develop and manufacture advanced batteries and commercialize advanced-battery technologies in Michigan. The initiative —the first of its kind in the United States—was a key factor in Michigan projects receiving the doe grants. Beginning in February, the Michigan Economic Growth Authority (mega) approved battery incentive agreements with Ford, GM, and Chrysler totaling $280 million for pack engineering, integration and assembly, vehicle engineering, and advanced-battery technologies. In April, mega approved $400 million in refundable advanced battery tax credits for A123Systems, Johnson Controls-Saft Advanced Power Solutions, KD Advanced Battery Group, and LG Chem-Compact Power. “In 2006, Michigan charted a course to lead in advanced battery development and we have not looked back,” medc president and ceo Greg Main said. “We engaged industry experts every step of the way and secured unprecedented bipartisan support for some of the most generous and innovative economic development tools in the nation. I commend Governor Granholm and the Michigan Legislature for enabling Michigan to be a global leader in this industry.” The 12 Michigan projects receiving DOE grants are: Cell, Battery and Materials Manufacturing Facilities • Johnson Controls: $299.2 million awarded for production of nickel-cobalt-metal battery cells and packs, as well as production of battery separators for hybrid and electric vehicles. Facility in Holland. • A123 Systems: $249.1 million awarded for manufacturing nano-iron phosphate cathode powder and electrode coatings, fabrication of battery cells and modules, and assembly of complete battery pack systems for hybrid and electric vehicles. Facilities in Romulus and Brownstown. • KD Advanced Battery Group: $161 million awarded for production of manganese oxide cathode/graphite lithium-ion batteries for hybrid and electric vehicles. Facility in Midland. • Compact Power (on behalf of LG Chem): $151.4 million awarded for production of lithium-ion polymer battery cells for the GM Volt. Facilities in Holland, Pontiac, and St. Clair. • General Motors: $105.9 million awarded for production of high-volume battery packs for the GM Volt. Facility in Brownstown Township. August 2009 | 3 AWA R D S A N D A C H I E V E M E N T S Planning and Smart Strategy Pay Off in Competition for Battery Funding AWA R D S A N D A C H I E V E M E N T S More than $1.36 billion in grants from the electric vehicle manufacturing and 4 | August 2009 AWA R D S A N D A C H I E V E M E N T S the DOE support 12 advanced battery and and development projects in Michigan August 2009 | 5 AWA R D S A N D A C H I E V E M E N T S The 12 Michigan projects receiving DOE grants continued Electric Drive Component Manufacturing Facilities • General Motors: $105 million awarded for construction of U.S. manufacturing capabilities to produce the second-generation GM global rear-wheel electric drive system. Facility in Wixom. • Ford Motor Company: $62.7 million awarded to produce a Ford electric drive transaxle with integrated power electronics in an existing Ford transmission facility. Facility in Sterling Heights. • Magna E-Car Systems of America: $40 million awarded to increase production capacity of advanced automotive electric drive system component manufacturing plants located in the United States. Facility in Holly. Advanced Vehicle Electrification • Chrysler: $70 million awarded to develop, validate, and deploy 220 advanced plug-in hybrid electric pickups and minivans. Facility in Warren. • South Coast Air Quality Management District: $45.4 million awarded to develop a fully-integrated, production plug-in hybrid system for Class 2-5 vehicles. Facility in Galesburg. Advanced Vehicle Electrification and Transportation Sector Electrification • General Motors: $30.5 million awarded to develop, analyze, and demonstrate hundreds of Chevrolet Volt Extended Range Electric Vehicles. • Ford Motor Company: $30 million to accelerate the launch and commercialization of phevs and evs by partnering with 15 of America’s leading utilities. Michigan’s Advanced Battery Strategy • November 2006: Michigan targets development of advanced battery sector. • 2007: Michigan engages battery experts, U.S. Department of Energy, and U.S. Department of Defense to convey critical need for a domestic battery industry and develop strategies to ensure adequate funding will be available. • May 2008: Michigan establishes team of advanced energy storage experts to hone Michigan’s business strategy and develop incentives. • July 2008: Michigan creates Centers of Energy Excellence Program to leverage university, public, and private sector strengths to accelerate commercialization of alternative energy technologies. • September 2008: Michigan designates Sakti3 a Center of Energy Excellence and approves a $3 million grant for next-generation technology battery development. 6 | August 2009 • September 2008: Michigan commences negotiation on advanced battery credit legislation. • November 2008: Michigan designates A123Systems Inc. a Center of Energy Excellence and approves $10 million grant for pilot cell assembly facility. • January 2009: Governor Jennifer M. Granholm signs into law advanced battery credits worth $335 million for battery pack manufacturing; advanced battery vehicle research; engineering, development and integration; and establishment of a fully integrated, large-format cell manufacturing facility. • January 2009: General Motors makes major announcements: Chevy Volt battery pack manufacturing facility, world’s largest battery test facility to be established in Warren; and new Advanced Battery Coalition for Drivetrains laboratory to be built in conjunction with the University of Michigan. • February 2009: Congress passes the American Recovery and Reinvestment Act. • February 2009: Michigan approves General Motors for advanced battery credits of $160 million for pack manufacturing and vehicle engineering; and Ford Motor Company for $30 million in advanced battery technology credits and $25 million in vehicle engineering credits. • March 2009: U.S. Department of Energy issues grant solicitation, allocating $2 billion for battery-related development and technologies. • April 2009: Michigan expands advanced battery credits by $220 million, adds two $100-million credits for cell manufacturing, and an additional $20 million in vehicle engineering credits. • March and April 2009: Michigan reviews applicants for advanced battery credits for subsection 5, cell manufacturing. • April 2009: Michigan approves advanced battery credits for A123Systems, Johnson Controls-Saft Advanced Power Solutions, KD Advanced Battery Group, and LG Chem-Compact Power. • May 2009: Michigan expands advanced battery credits by $145 million, adding $100 million for cell manufacturing and $45 million for vehicle engineering. • May 2009: Michigan awards Ford Motor Company an additional $20 million credit for vehicle engineering. • May 2009: Sakti3 applies for U.S. Department of Energy funding for pilot plant. • July 2009: General Motors announces Chevy Volt pack manufacturing site in Brownstown Township. • July 2009: fortu Power Cell announces search for site to manufacture advanced battery cells in western Michigan. • August 2009: U.S. Department of Energy announces battery awards. Auto supplier Saline Lectronics will expand its operations to produce components for the aeronautics and medical devices industries and plans Lansing-Based Biotech Company Hiring Former Pfizer Scientists Afid Therapeutics has been selected to receive funding from the state’s Company Formation and Growth (cfg) initiative aimed at retaining Pfizer talent and assets in the state. The Michigan Strategic Fund (msf) board approved $150,000 to hire three former Pfizer scientists at afid’s operations at the Michigan State University Bioeconomy Institute in Holland, Ottawa County, a former Pfizer property. Including the afid award, the cfg has approved $7.05 million in loans to a total of 33 life-science companies in Ann Arbor, Chelsea, Holland, Jackson, Lansing, Livonia, Kalamazoo and Portage. The msf created the $8-million Company Formation and Growth fund in June 2007 to accelerate company formation and growth and job creation based on employees, technologies and high-tech equipment left behind when Pfizer downsized its operations in Michigan. Manufacturing Diversification Summits Helping Suppliers Find New Markets The medc partnered with the Traverse City Chamber and regional economic development organizations in July for the Automotive Diversification Summit in Traverse City. An audience of more than 150 learned about strategies for converting capacity to advanced energy technology, medical device, aerospace and homeland security/defense manufacturing. It was the eighth of 13 statewide summits targeting more than 2,500 companies with a goal of $150 million in contracts, outreach to 300 companies to be serviced by industry experts and 25 companies receiving certification assistance from the Michigan Manufacturing Technology Center. The summit at Southwestern Michigan College in Dowagiac on August 19 will be co-hosted by Southwest Michigan First. Further information is available at www.MichiganAdvantage.org/ diversification. to create 53 new jobs and retain 82. With Michigan Strategic Fund (msf) approval, Saline Lectronics will receive assistance through the Collateral Support Program recently launched under the Michigan Supplier Diversification Fund to help Michigan manufacturers diversify into new emerging sectors. The msf board approved allocation of $998,000 to be used as a collateral deposit. Comerica Bank plans to fast-track a loan of $2 million for the project, which will create 53 new jobs and retain 82 existing jobs. The medc’s investment is intended to be temporary as real estate values stabilize. To be eligible for the program, a company must fall under the definition of a firm eligible to receive a mega tax credit. A business must also be engaged with a private lender to acquire a commercial loan for a diversification project and must exhibit a cash-flow shortage according to the lender’s analysis. Mi Tourism Gets Boost in July from Bayview Mackinac Race, Buick Open It has been a stellar summer for tourism, with Tiger Woods at the Flint Buick Open and the Bayview Mackinac Sailing Race July 25–August 2 keeping Michigan in the headlines. Comerica Bank’s Michigan Tourism Index shows that the state’s tourism industry has outperformed the overall state economy to date this year, giving the award-winning Pure Michigan ad campaign a large share of the credit. July was the best month ever, in terms of volume, for the state’s tourism web site, www.michigan. org, with a record of nearly 97,000 users logging on July 26 to monitor more than 200 boats equipped with Global Positioning System (gps) tracking technology for the first time in the event’s 85-year history and available exclusively at www.michigan.org/gps over the race dates. The historic race began in Port Huron with more than 250 sailboats and 2,500 crew members headed north for the Mackinac Island finish line and a crowd estimated at 100,000 to see them off. The annual event on Lake Huron is organized by Detroit’s Bayview Yacht Club, located on the Detroit River near the mouth of Lake St. Clair. In Grand Blanc near Flint, the excitement of golfing great Tiger Woods’ third Buick Open title win at the Warwick Hills Golf & Country Club August 2 was offset by the reality that General Motors will no longer sponsor the tournament. The event, a Michigan classic since 1958, will be replaced by the Greenbriar in West Virginia next year. However, the pga Tour is interested in returning to Michigan and is exploring possibilities for future events with Warwick Hills. August 2009 | 7 AWA R D S A N D A C H I E V E M E N T S Supplier Diversification Fund Will Help Saline Firm Expand C O M PA N Y S U C C E S S E S Quicken Loans and Parent Company Relocating HQ to Detroit The nation’s largest online lender and the nation’s fifth largest retail mortgage lender, based in Livonia, plans to relocate its headquarters to downtown Detroit, leasing space through 2015 followed by construction of a new facility. Quicken currently has 2,272 employees in Michigan. The company plans to invest $240 million in the headquarters consolidation expected to create 4,019 jobs, including 1,800 directly by the company. Increased economic activity created by the project is projected to create an additional 2,219 indirect jobs and retain 4,967 jobs, including 2,200 directly at the company and an additional 2,767 indirect jobs. State and local tax credits valued at $47.2 million over 12 years helped win the project for Michigan over a competing site in Ohio. www.quickenloans.com Ventra Ionia Main Acquires Four Former Meridian Supplier Plants in Mid Michigan The producer of plastics, metals and mechanical assemblies for the automotive industry plans to invest $42 million to acquire former Meridian Automotive facilities located in Ionia, Fowlerville and two in Kentwood. Ventra, one of the Flex N Gate group of 8 | August 2009 companies, currently has 733 employees in Michigan not including the recently acquired Meridian facilities. The project is expected to retain 3,126 jobs, including 934 directly by the company and increased economic activity created by the project expected to retain an additional 2,192 indirect jobs. A state tax credit valued at $4.6 million over six years will support the undertaking, which will receive additional support from the cities of Ionia, Fowlerville and Kentwood. www.flex-n-gate.com Magna Seating to Build New Plant on Site of Former Chrysler HQ in Highland Park Novi-based Magna Seating of America plans to build a new $18-million multi-product facility in Highland Park on the Chrysler headquarters site left vacant after the automaker moved to Auburn Hills in 1992. Ontario, Canada-based parts supplier Magna International has 30 facilities in Michigan with 4,900 employees. Magna Seating, a unit of Magna International, currently has 280 employees in Michigan. The project will create 1,414 new jobs, including 420 directly by the company and 994 spin-off jobs. State and local tax credits amounting to $6 million over seven years helped make the case for a Michigan location. www.magnasteyr.com Molded Materials Consolidating Plymouth Operations to Saline State and local tax incentives totaling $24.4 million over 10 years have been offered to encourage Continental Automotive Systems Holding US to expand operations in Auburn Hills. The company is part of Continental AG’s automotive group, one of the leading global auto suppliers with 2008 sales of 15 billion euro. Continental Automotive Systems, formerly known as Siemens VDO Automotive Group, was acquired by Continental AG in 2007. Continental Automotive Systems and its affiliates currently have 1,357 employees in Michigan. The proposed $26.9 million project, pending company approval, is expected to create up to 230 new direct jobs and an additional 322 indirect jobs and to retain approximately 225 Continental jobs and 268 indirect jobs in Michigan. www.conti-online.com The designer and manufacturer of tooling and molded composite components for the automotive, life sciences, defense and heavy truck industries in business in Michigan for more than 40 years plans to invest $2.9 million to consolidate its Plymouth operations to a new facility in Saline. The project is expected to create 69 new jobs, including 29 directly by the company plus 40 indirect jobs. State and local tax credits valued at $420,388 over seven years were offered to help convince the company to expand in Michigan over a competing site in Ohio. www.moldedmaterials.com Attwood Plans $2 Million Consolidation, Expansion in Lowell Marine parts and accessories supplier Atwood Corporation plans to consolidate the MotorGuide operations based in Tulsa, Oklahoma, to its headquarters in Lowell, Kent County. Both companies are divisions of Mercury Marine. This will be the second business consolidation in as many years for Attwood, with the previous consolidation of its Lancaster, Texas, operations to Lowell after the company received a mega credit in July 2008. Attwood currently has 138 employees in Michigan. The company plans to invest $2 million in the project which will create 92 new jobs, including 51 directly by the company and 41 indirect jobs. State and local tax credits valued at $483,026 over seven years helped convince the company to expand in Michigan over competing sites in Georgia, Oklahoma, Wisconsin and Mexico. www.attwoodmarine.com Powertrain R&D Company Creating Electric Vehicle Powertrain Center in Ann Arbor AVL Powertrain Engineering, the North American operation of avl, the 60-year-old powertrain consulting company based in Austria, plans to invest $2.6 million in a new hybrid and alternative fuel development center in Ann Arbor for electric vehicle powertrain development. Avl Powertrain currently has 377 employees in Michigan. The project will create 76 total jobs, including 40 directly by the company and 36 indirect jobs. State and local tax incentives valued at $298,559 over five years were offered to win the project for Michigan over a competing site in California. www.avl.com August 2009 | 9 C O M PA N Y S U C C E S S E S Continental Automotive Systems Expanding, Adding Jobs in Auburn Hills COMMUNITY SUCCESSES Michigan’s brownfield redevelopment program is among the most competitive in the country. Over the course of the last 10 years it has been instrumental in redeveloping over 500 sites throughout the state generating an actual investment of $2.5 billion. Brownfield redevelopment represents an opportunity to redesign and enhance our communities and often has a profound effect. The removal of a blighted building, increased tax revenue, job creation, downtown revitalization, or elimination of a contaminated site are all benefits communities can see through the use of this incentive. The continued investment in brownfield redevelopment will help Michigan’s economic recovery and benefit our communities for years to come. 10 | August 2009 Former Muskegon Wastewater Treatment Plant to Become Alternative Energy Center Developer Erdman Holdings plans to transform the currently unused Muskegon County Whitehall-Montague wastewater treatment plant in Whitehall Township into a closed-loop alternative energy system. The Silver Creek New Energy development will use agricultural feedstock partially grown on-site to produce energy from methane and ethanol. Brownfield redevelopment of the 680-acre site, including recycling center and recreation areas, will be supported by state and local tax capture valued at $491,767. The project will generate $13.3 million in new capital investment and is expected to create up to 150 new jobs. Community County 1. Beaverton City Gladwin 2. Belding City Ionia 3. Benton Charter Twp Berrien 4. Big Rapids City Mecosta 5. Buena Vista Charter Twp Saginaw 6. Caro Village Tuscola 7. Carp Lake Township Ontonagon 8. Cass City Village Tuscola 9. Columbiaville Village Lapeer 10. Corunna Village Shiawassee 11. DeTour Village Chippewa 12. Dowagiac City Cass 13. Ford River Township Delta 14. Fowlerville Village Livingston 15. Gaastra City Iron 16. Gaylord City Otsego 17. Gobles City Van Buren 18. Grayling City Crawford 19. Harrison City Clare 20. Hesperia Village Oceana 21. Hudson City Lenawee 22. Imlay City Lapeer 23. Iron Mountain City Dickinson 24. Kinde Village Huron 25. Kingsley Village Grand Traverse 26. Lapeer City Lapeer 27. Manton City Wexford 28. Mattawan Village Van Buren 29. Morley Village Mecosta 30. Mt. Pleasant City Isabella 31. Muir Village Ionia 32. Nashville Village Barry 33. North Branch Village Lapeer 34. Norway City Dickinson 35. Owendale Village Huron 36. Pinconning Village Bay 37. Reed City Osceola 38. Rogers City Presque Isle 39. Roosevelt Park City Muskegon 40. Roscommon Village Roscommon 41. Saranac Village Ionia 42. Scottville City Mason 43. Springfield City Calhoun 44. Vandalia Village Cass 45. Vermontville Village Eaton 46. Walkerville Village Oceana 46 Michigan Communities Receive Federal Funding for Public Improvements COMMUNITY SUCCESSES The federal Infrastructure Capacity Enhancement program, formerly known as the Public Works program, benefits cities, villages and townships where at least 51 percent of the population is comprised of low- and moderate-income residents as defined by the U.S. Department of Housing and Urban Development (hud). Funds may be used for upgrading of existing public infrastructure systems or by adding capacity to burdened systems. To date, $62.4 million has been awarded to communities across the state through the program. More than $14.1 million in Community Development Block Grant funding being made available through the medc will support public infrastructure projects in 46 communities statewide. CDBGDescription $750,000 $596,800 $744,000 $346,500 $354,000 $339,112 $142,000 $90,264 $23,156 $340,000 $86,000 $340,000 $110,000 $595,000 $75,000 $377,096 $288,000 $388,284 $320,000 $391,850 $370,000 $240,000 $240,600 $248,361 $213,355 $504,302 $75,000 $543,000 $148,000 $325,000 $220,000 $295,400 $90,660 $682,400 $172,800 $116,568 $89,800 $750,000 $166,386 $245,800 $228,750 $210,737 $550,000 $16,780 $445,289 $159,800 Total $14,145,850 dam improvements wastewater system improvements sewer improvements water and sewer generator replacement sewer improvements water improvements street improvements road improvements water improvements wastewater improvements pump station replacement utility and street improvements water system improvements street improvements sanitary sewer improvements water and sewer improvements water improvements street improvements storm water improvements street improvements sanitary sewer improvements street improvements water and street improvements sidewalk improvements water and road improvements sewer system improvements walking trail connector water system improvements bridge replacement sanitary sewer improvements water system improvements street improvements storm sewer improvements sewer separation improvements water tower improvements street improvements water main improvements wastewater treatment improvements street and sewer improvements water and street improvements wastewater improvements water tower repair street improvements street improvements water system improvements wastewater improvements August 2009 | 11 CALENDAR OF EVENTS The following list has activities conducted/sponsored by both the MEDC and local economic development partner organizations throughout the state. For more detailed information on any of these activities, please contact the MEDC at 517.373.9808, e-mail at [email protected] or visit MichiganAdvantage.org. AUGUST 18 MEGA Board Meeting MEDC offices, Lansing A monthly meeting of the Michigan Economic Growth Authority (mega) to consider awarding Michigan Business Tax (mbt) credits as incentives for jobcreating business expansions in Michigan. 19 Michigan Diversification Summit Southwestern Michigan College, Dowagiac The medc and Southwest Michigan’s local economic development organizations, in partnership with the Keep Michigan Working coalition, will be hosting a diversification summit for Michigan manufacturers seeking to diversify into growing manufacturing sectors. www.diversifysouthwestmichigan.com 26 MSF Board Meeting MEDC Offices, Lansing A monthly meeting of the Michigan Strategic Fund (msf) to review and approve applications relative to the Private Activity Bond (pab) program, Community Development Block Grant (cdbg) program and other relevant issues. SEPTEMBER 15 41st Annual Midwest U.S.-Japan Association Conference Tokyo, Japan The Midwest U.S.-Japan Association is made up of 10 states including Michigan and the 10 largest Japanese companies. www.midwest-japan.org 16 Michigan Diversification Summit 30 MSF Board Meeting Genesee Regional Chamber of Commerce, Flint The medc and the Genesee Regional Chamber of Commerce will be hosting a diversification summit for Michigan manufacturers seeking to diversify into growing manufacturing sectors. www.thegrcc.org MEDC Offices, Lansing A monthly meeting of the Michigan Strategic Fund (msf) to review and approve applications relative to the Private Activity Bond (pab) program, Community Development Block Grant (cdbg) program and other relevant issues. 16 SEIC Board Meeting MEDC offices, Lansing The Strategic Economic Investment and Commercialization (seic) board seeks to foster the growth of Michigan’s high-tech economy by investing in the best research and commercialization opportunities. 21–25 European Photovoltaic Solar Energy Conference 2009 OCTOBER 14 SEIC Board Meeting MEDC offices, Lansing The Strategic Economic Investment and Commercialization (seic) board seeks to foster the growth of Michigan’s high-tech economy by investing in the best research and commercialization opportunities. 19–21 The Business of Plugging In Conference Hamburg, Germany The “who’s who” of the pv solar branch will meet at Hamburg to discuss the latest developments in science and industry, providing an excellent platform for dialogue and information exchange across the world. www.photovoltaic-conference.com Motor City Conference Center, Detroit The Business of Plugging Insm will bring together vehicle manufacturers, suppliers, energy companies, government agencies, financiers and researchers to address the challenges of creating a clean, diversified and secure energy solution. www.pev2009.com 22 MEGA Board Meeting 20 MEGA Board Meeting MEDC offices, Lansing A monthly meeting of the Michigan Economic Growth Authority (mega) to consider awarding Michigan Business Tax (mbt) credits as incentives for jobcreating business expansions in Michigan. MEDC offices, Lansing A monthly meeting of the Michigan Economic Growth Authority (mega) to consider awarding Michigan Business Tax (mbt) credits as incentives for jobcreating business expansions in Michigan. PRSRT STD U.S. POSTAGE PAID MIDLAND, MI PERMIT NO. 135