Michigan approves $120m grant and tax incentives for Dow Chemical to retain 5,000 jobs in Midland and Auburn facilities.
Michigan approves $120m grant for Dow Chemical to retain 5,000 jobs in Midland and Auburn facilities. The state incentives for the project include a $120m grant, a 15-year property tax break worth $25m, and a 10-year extension of the Renaissance Zone tax incentive. Dow plans to improve and expand manufacturing processes for electric vehicle materials at the Midland industrial park, with upgrades to utilities.
July 23, 2024
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