SAKOR News

Journal of Tax Credits – SAKOR Recieves Tax Credits From Michigan Economic Growth Authority

The Michigan Economic Development Corporation (MEDC) will back one Michigan tech company’s brownfield redevelopment project to expand while helping another 10 grow, Gov. Jennifer Granholm announced in February. MEDC expects the projects to create 17,321 jobs and produce $804 million in new state investment. Companies reaping the benefits of tax credits under the Michigan Economic Growth Authority (MEGA) include TSC Michigan Inc., a research and development facility that supplies materials for lithium-ion battery cells in Northville, which will receive a seven-year $3.2 million state tax credit; Four Winns LLC, a boat manufacturer in Cadillac, which will receive a seven-year, $27.1 million tax credit to help finance a production expansion; and Sakor Technologies, a high-tech automotive engineering firm in Perry Township that provides test development service, which will receive a seven-year $363,975 tax credit.