The Detroit News reports that the state House New Economy and Quality of Life Committee unanimously approved a tax credit package that would allow the completion of a deal to convert a mothballed Ford plant in Wixom into a manufacturing facility for two alternative energy companies.
A tax break tailored to two renewable energy companies that intend to launch an energy park at the abandoned Ford Wixom plant was unanimously approved by a state House committee this morning.
The specialized tax credit for a maximum of $100 million — $25 million a year over four years — is created for Xtreme Power of Austin, Texas, and Clairvoyant Energy of Santa Barbara, Calif. The companies expect to create about 4,300 jobs and invest $725 million to refurbish the plant shuttered two years ago and to install high-tech equipment to make solar power cells and large-scale storage batteries. Average salaries will be about $40,000 a year.
The bill now moves to the full House for a vote. Companion legislation is also under way in the Senate, where it faces an interesting battle. State Sen. Nancy Cassis has been an outspoken critic of tax credits to attract investment, but this facility is in her district and it will be very difficult for her to vote against a deal to bring 4,300 jobs to her district.