LANSING – In a move that will attract cutting-edge businesses to locate in Michigan and create good-paying jobs, State Representative Robert Dean (D-Grand Rapids) today announced that his plan offering tax breaks to more companies that create renewable energy has been signed into law.
"Michigan is bursting with potential to become a leader in the renewable energy industry," Dean said. "We have the workforce, the natural resources and the technical know-how to bring thousands of green-collar jobs to our state -- jobs that can't be outsourced. This plan will pave the way to bring these good-paying jobs into our communities."
Dean's plan will allow facilities that create energy using wind, agricultural commodities, biosolids (organic materials resulting from the treatment of domestic sewage) and materials from landfills to be designated as "renaissance zones." Businesses located in renaissance zones are exempt from the Michigan Business Tax, the state education tax, local real and personal property taxes, and specific taxes levied in lieu of property taxes.
Facilities focused on the research, development, or manufacturing of wind energy systems or solar energy systems would also be included under the new definition.
"Michigan led the way in putting our nation on wheels – we can also lead the way in renewable energy development," Dean said. "Renewable energy is the key to turning our economy around and reducing our dependence on foreign oil. It's time that we take control of our energy needs, and that's exactly what this plan will do."