This is an excerpt from EERE Network News, a weekly electronic newsletter.
Detroit Picked as Location for Michigan's NextEnergy Center
The Michigan Economic Development Corporation announced on September 16th that its NextEnergy Center will be located in Wayne State University's Research and Technology Park in Detroit. The new center will serve as the nucleus for the NextEnergy Initiative, which is intended to help Michigan become a world leader in the research, development, commercialization, and manufacture of alternative energy technologies such as hydrogen fuel cells. The news comes as a disappointment to York Township, which was originally slated for the center. See the announcement on the NextEnergy Web site.
Announced by Governor John Engler in April, the NextEnergy Initiative is taking form through a package of six legislative bills introduced to both chambers of the Michigan legislature in May. Of the six bills, threeHouse Bill 6071, House Bill 6074, and Senate Bill 1322have passed into law. The first bill allows the NextEnergy Center location to be designated as a tax-free zone for the next 20 years for alternative energy companies located there. The second bill exempts alternative energy systems, vehicles, and businesses throughout the state from personal property taxes for the next 10 years, although local authorities can override the exemption. The third bill provides tax credits for all alternative energy companies in the state, with additional credits for those located within the NextEnergy Center. See the NextEnergy announcement, which includes links to each of the bills. See also the NextEnergy Web site.