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Tag: Battery Innovation Act

Grab A Seat, This Will Be Great Fun To Watch

By Corinthian Scales, Section News
Posted on Wed Aug 31, 2011 at 12:31:23 PM EST
Tags: Governor Snyder, Debbie Stabenow, Battery Innovation Act, NITC-DRIC Bridge, Communist China, Public-Private Partnerships, NGO, Corporacracy, Central Planning, Canada, America, Mexico, United Nations, Agenda 21, Follow The Money (all tags)

The Jenny Green Jobs push with our coerced tax dollars is alive and well.

Michigan Democrats said Monday they want to continue specifically targeted tax incentives for advanced battery manufacturers, putting them at odds with Republican Gov. Rick Snyder and GOP lawmakers who control the Legislature.
The industry-specific tax credits are among those scheduled to be phased out under tax policy changes Snyder has signed into law. It's part of a strategy to lower overall business taxes and leave more flexibility for economic development incentives beginning with the fiscal year that starts Oct. 1.
Democrats say that's a mistake when it comes to the advanced vehicle battery business, which has begun growing in Michigan with the help of federal grants and state incentives. The Democratic plan also would include tax credits for buying electric vehicles and charging stations.

This is at odds with Governor Snyder? I doubt it with him sitting at 10.9% unemployment and a dwindling labor force that his bassackward 'reinvention' scheme of 'too divisive' Willy Milquetoast leadership has yielded. Besides, Snyder and his cronies from Ann Arbor SPARK are going on a junket to commie China for a reason.

Don't ever discount anything that the 'One Tough Nerd' once said.

Comments >>

Senator Stabenows' Green is the new Brown

By Corinthian Scales, Section News
Posted on Thu Jul 21, 2011 at 12:54:56 AM EST
Tags: Debbie Stabenow, Battery Innovation Act, Public Private Partnerships, Taxpayer Subsidies, Wealth Redistribution, Ponzi schemes (all tags)

Yessiree, folks. Yet another Green Job PPP (Public Private Partnership) in Michigan is swirling down the commode.

Solar energy products manufacturer Energy Conversion Devices Inc. -- the firm that invented the battery technology used in most hybrid vehicles on the road -- said Tuesday it plans to sell its profitable battery subsidiary.

But of course, all smart, successful corporations deep-six the profitable side of their business. Nah, it couldn't have anything to do with a realization of Chevy Volt sales or the death of a Ponzi scheme in Salinas, California.

In May, the company announced plans to lay off 300 workers, including 115 in Michigan, after posting a $243 million quarterly loss and suffering the effects of cutbacks in government incentives overseas. The company primarily makes, sells and installs thin-film flexible solar products and systems to the building and rooftop markets and now has about 1,300 employees.

Solar. Ya, that side of ECD, Inc. leeching $37 million out of taxpayers pockets belongs to Debbie's friend Jenny.

But this battery thing...

(6 comments, 452 words in story) Full Story