State incentives have been approved to encourage General Motors to develop and produce the new Chevrolet Volt in Michigan along with additional advanced energy and conventional fuel vehicles and components.
The city of Troy will use state and local tax capture valued at $13.2 million to support the new $320 million Pavilions of Troy redevelopment project on the 40-acre site of the former Kmart headquarters.
Developer to use state brownfield tax credit to support construction on a vacant and contaminated site.
Renaissance Zone incentives allow work to begin on development.
Developer Hotel Holdings Monroe LLC will use a state brownfield tax credit valued at $3.5 million to demolish a vacant building and build in its place a nine-story, 238-room hotel.
GE Aviation is expanding in the Michigan Tech Enterprise Corporation SmartZoneSM in Houghton. The expansion will result in 50 new high-tech jobs and $1 million in capital investment by GE, with an additional $3.7 million annually to operate the facility.