City Supports $4M Tax Exemption for Ford Motor Company
A public hearing for the request was held Thursday at Dearborn City Hall.
Ford Motor Company received support Thursday for a tax credit that will aid in renovations and upgrades to its Dearborn Research and Engineering complex. A public hearing was held on the matter at Dearborn City Hall. The Industrial Facilities Tax Credit, according to the state of Michigan, is “a tax incentive to manufacturers to enable renovation and expansion of aging facilities, assist in the building of new facilities, and to promote the establishment of high tech facilities.” In Ford’s case, the $49 million investment will upgrade machinery and equipment at the Research and Engineering complex, located at Oakwood Boulevard and Rotunda. It will focus on “electrification initiatives and upgrades,” according to Ford’s State Government …
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marooned in Dbn
12:02 pm on Saturday, January 12, 2013
I have an idea...How about the governor extend the personal property tax exemption to all the property owners in the state, not just the corporations. After all, if corporations are considered "people", with the same "rights",as "natural" people, then mere flesh & blood "people" should also enjoy the same benefits as the artificial people. As it stands now, this should be considered as unequal … more ›