Michigan considers new incentives to land battery plants

Michigan

LANSING, Mich. (AP) — Michigan would create new economic development funds to help the state land major business expansions, including possible electric vehicle battery plants, under fast-tracked bills that have received initial approval.

Lawmakers are not saying how much money they may put into the accounts to offer manufacturers and other companies.

While proponents did not specify pending deals for which Michigan is vying, several told the House Government Operations Committee on Wednesday that the state must stay competitive in the auto industry. They pointed to Ford and Toyota’s recently announced plans to build battery factories in southern states.

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