lithium ion battery

Many of the most promising start-ups spinning out of the Great Lakes State have two things in common. They're based in Ann Arbor and come from the University of Michigan.

CSquared Innovations has one of those traits -- sort of.

Metro Detroit continues to take more than its fair share of state tax credits to help grow local businesses.

Southeast Michigan companies have taken in $25 million worth of state tax credits awarded through the Michigan Economic Development Corp to leverage $107.4 million worth of investment.

That means an expectation of creating 1,594 jobs locally. The whole announcement means 5,749 jobs and more than $804 million in new investment in Michigan.

Despite its legacy of fabrication, and even with Ford's plans to reinstate pay raises in 2010, Detroit's economy will never be the same.

Which may be just what the doctor ordered. While it's painful medicine to be sure, fundamental changes to our culture and economy are long overdue for Metro Detroit.

As the first decade of the new millennium closes out, Metromode raises a glass to a more sustainable future of industry titans and new beacons.

Two lithium ion battery manufacturers with offices in Metro Detroit plan to build two advanced automotive battery factories in Michigan.

Exact locations are still unknown, but LG Chem-Compact Power and A123Systems have traditionally invested in Southeast Michigan.

The lithium-ion battery impact is already starting to be felt in Metro Detroit.

Compact Power, which helps develop the lithium-ion battery for the Chevrolet Volt, took over an adjacent building in Troy.

The new 14,000 square feet of space will be used to accommodate the company's expected growth.

Southeast Michigan is walking away with most of the most from the latest round of investment announcements from the Michigan Economic Development Authority.

Metro Detroit took in $135.1 million of the $162 million earmarked for
investment.

That money is expected to create about 1,359 jobs over the next decade. All at the cost of $15.8 million in tax credits granted by the Michigan Economic Growth Authority.

Good news... big news is starting to surface in Metro Detroit. The latest installment is A123Systems' intention to build a large lithium ion battery manufacturing plant in southeast Michigan.

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