Tax Credits: Give and Take Mixed Catch

Tax Credits: Give and Take Mixed Catch

20140407-NEWS--0001-NAT-CCI-CD_-- 4/4/2014 7:16 PM Page 1 ® www.crainsdetroit.com Vol. 30, No. 14 APRIL 7 – 13, 2014 $2 a copy; $59 a year ©Entire contents copyright 2014 by Crain Communications Inc. All rights reserved Page 3 ISTOCK PHOTO Crittenton turns over Tax credits: Give and take cancer center to St. John BY CHRIS GAUTZ taken through 2020. MEGA credits CAPITOL CORRESPONDENT $5 billion in credits still of more than $5.4 billion potential- ly can be taken through 2036, al- Tax credits granted during the though most would be taken well Granholm administration are the loom from Granholm years in advance of that. gifts that keep on giving to the 3,500 The uncertainty arises because state businesses who have earned credits the state thought would be in the future. companies have some discretion them, but they’re a continuing claimed but weren’t. “This is undoubtedly the biggest about when to claim the credits — headache for the group of state em- But in future years, a bad esti- risk to the budget forecast,” said typically up to four years after be- ployees who have to predict how mate could end up as a budget Jim Stansell, senior economist for coming eligible — and in some cas- How UM alum helped bring much money Michigan has to deficit, threatening Michigan’s abil- the House Fiscal Agency. es have to achieve benchmarks to spend. ity to fund big-ticket items such as In two of the biggest categories become eligible to do so. Europe’s ‘football’ to Big House Sometimes it works out — more roads, education and public safety. of credits, there are $527 million in Last year, when the House and than $400 million of the fiscal 2013 And the $400 million not claimed credits related to investments in Barra’s Washington $1 billion budget surplus is due to in fiscal 2013 could still be claimed the battery industry that can be See Credits, Page 29 performance reviewed Advanced Manufacturing Four firms find new ways to Mixed grind it out, Page 11 JOSE JUAREZ Troy and Grand/Sakwa Properties continue to negotiate a deal that This Just In catch could open the new transit center. German 3-D printing company to open in Canton Federal funds, The first U.S. facility for a Spending up, but even state’s German 3-D printing compa- new offer could ny is expected to open in Can- ton Township in the third fishing industry needs a quarter. Kristen Thomas, economic business plan end transit development manager for the township, said Voxeljet AG will move into a 50,000- center dispute square-foot vacant building JOHN SOBZAK in the Haggerty II Corporate Anne Varra of Clinton River Watershed Council says good marketing is as important as keeping up with demographics BY CHAD HALCOM and ecological change. Park, west of Haggerty Road CRAIN’S DETROIT BUSINESS and north of Michigan Av- enue. Haggerty II is owned by BY DUSTIN WALSH 40,000 square miles of lakes, A transit center held hostage by Frankel Associates. CRAIN’S DETROIT BUSINESS ponds and rivers are a draw for SPENDING GONE WILD a 3-year-old legal dispute between The service center will let major tournaments and fly fish- Total wildlife-related the city of Troy and Grand/Sakwa he state of Michigan’s Voxeljet print parts, molds, ing excursions. spending Properties LLC may yet be liberated, cores and models designed fishing industry is analo- Ⅲ U.S.: $144.7 billion with the aid of nearly $2 million in And the numbers are still with 3-D CAD software for au- T gous to some of its most Ⅲ Michigan: $6.1 billion unspent federal funds. tomotive and other cus- sought-after catch. high: An estimated 1.2 million At stake is a publicly financed tomers, a release said. The anglers will descend on Michi- center for bus and rail passengers There’s the bass, known for Wildlife-watching auto industry is Voxeljet’s gan lakes, rivers, creeks and spending behind the Midtown Square shop- largest customer, CEO Ingo putting up a fight. There’s the re- ping center and condominium de- ponds this year as temperatures Ⅲ U.S.: $54.9 billion Ederer said in a news release. sourceful muskellunge, which re- velopment built by Grand/Sakwa. continue to rise. Ⅲ Michigan: $1.23 billion Gov. Rick Snyder said last quires patient trolling to reel in. The Troy City Council is to vote week that Friedberg-based The promotion and mainte- April 7 on a renewed offer to Keeping Michigan’s fishing Hunting-related spending Voxeljet’s opening of its first nance of state waterways falls to Grand/Sakwa based on an ap- U.S. service center will create industry ecosystem thriving is, Ⅲ U.S.: $33.7 billion praisal from Allen & Associates Ap- 15-20 high-tech manufacturing similarly, a complex proposition a range of stakeholders, from gov- Ⅲ Michigan: $2.34 billion praisal Group Inc. in Troy that values jobs in the first three years. that involves managing every- ernments to nonprofits to charter the transit center site at $1.05 mil- Sara Wurfel, Snyder’s press thing from environmental fac- boat services and equipment Fishing-related spending lion. That compares with a $550,000 secretary, wrote in an email Ⅲ offer last November based on an tors to marketing. shops. As they look ahead to this U.S.: $41.8 billion to Crain’s on Friday that Vox- season, they consider it an indus- Ⅲ Michigan: $2.43 billion earlier appraisal. eljet’s initial investment is $3 Despite fewer issued fishing The first offer sparked a con- try in evolution. Source: U.S. Fish and Wildlife million. licenses, anglers are spending Service (2011 data) demnation lawsuit by the city in — Kirk Pinho more money, and the state’s See Fishing, Page 27 See Transit, Page 26 Finding and Securing Economic Development Incentives for Auto Suppliers (see our ad on pg 2) ATTORNEYS AT LAW NEWSPAPER 20140407-NEWS--0002-NAT-CCI-CD_-- 4/4/2014 4:07 PM Page 1 Page 2 CRAIN’S DETROIT BUSINESS April 7, 2014 MICHIGAN BRIEFS Rich DeVos memoir: Co-founder mark Gordon Food’s first foray into Texas. Terms were not disclosed. of Amway shares family stories Albion students stay on track after Marshall merger Ⅲ Kettering University in Flint has MLive.com notes that Rich De- the best return on investment Last spring, the Albion Public Schools Board of Edu- in Marshall. But Albion awarded extra points for an Vos, one of the co-founders of Ada- among Michigan colleges and cation closed the district’s high school because of A-plus, while Marshall does not. based Amway Corp., has a memoir on ranks 41st nationally, according to budget troubles and, starting this school year, sent Of particular concern of Albion residents: Mostly bookshelves (you remember those, annual rankings compiled by its ninth- through 12th-graders to nearby Marshall black, low-income Albion combined with almost all- right?) and online. Simply Rich: Life Payscale.com. Rankings are based High School. So how’s the consolidation going? The white, middle-class Marshall and how their stu- and Lessons From the Cofounder of on total cost and the earning po- Battle Creek Enquirer took a look. dents would be treated in the new environment. One Amway debuted last week. tential of alumni. On one hand, the rate of punished students has of the biggest critics of the merger, Albion City Dick and Doug DeVos, sons of the Ⅲ This is as close as Michigan risen, although Albion students aren’t getting into Councilman Maurice Barnes, now says he is “just author, told MLive that their fa- gets to the Final Four this year: any more trouble than when they were in their own shocked and amazed” at the atmosphere at the vorite story in the book involves The floor being used for the games high school. Albion students’ overall grade-point av- school, adding that after seeing the students inter- their father and his best friend and was put together in the Upper erage dropped from 2.61 at the end of the last school act, “I had to say, ‘Maurice, you need to get yourself Amway’s other co-founder, Jay Van Peninsula town of Amasa in a year in Albion to 2.52 at the end of the first semester out of the way.’ ” Andel, and the time they tried to plant owned by Salt Lake City- sail around South America, only to based Connor Sport Court Internation- al. It takes at least 30 trees to man- have their boat capsize. Which sug- in the United States when mea- coverage over issues that include Hathaway Inc. bought HJ Heinz Co. last ufacture the floor, which consists gests that even someone worth an sured by production. It also was lawsuits against city officials and year, said Christopher Rich, head of 350 4-by-7-foot panels. estimated $6.9 billion can’t buy im- ranked 13th for overall brewing, the police chief. Oakley’s insurance options strategist at JonesTrading In- munity from his children’s abuse. moving up one spot from 2013. provider, the Michigan Municipal stitutional Services LLC in Chicago. Find business news from Another story in the book: Rich The Colorado-based Brewers As- League, plans to drop the policy for Ⅲ Wyoming-based Gordon Food around the state at crainsdetroit DeVos giving a pep talk to grand- sociation, a trade association that the village of 300 when it expires Service Inc. said it has acquired .com/crainsmichiganbusiness. son Rick DeVos, best known for represents small and independent July 1, The Saginaw News reported.

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