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Breakthrough Technologies Institute - Fuel Cells 2000

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Contact:<br />

• Alternative energy research is under way at Michigan Tech University in the<br />

Houghton/Hancock Smart Zone.<br />

Michigan Economic Development Corporation<br />

300 N. Washington Square<br />

Lansing, MI 48913<br />

Phone: (888) 522-0103<br />

E-mail: http://genweb.michigan.org/help/email.jsp?InitialURL=<br />

Web: www.michigan.org/medc<br />

MEGA High-Tech Job Creation Tax Credit<br />

http://www.michigan.org/medc/common/book/topic.asp?BookId=1&BookName=Data+Bo<br />

ok&ChapName=Business+Incentives&ChapId=22&TopicId=64&TopicContent={66B467<br />

52-A375-427E-A25E-784A2A437767}&From=BI<br />

The Michigan Economic Growth Authority (MEGA) was created to promote high quality<br />

economic growth and job creation. Since their inception in 1995, MEGA tax credits have<br />

generated more than $11.5 billion in private investment and created nearly 120,000 jobs.<br />

Employers in high technology fields, whose company devotes at least 25% of operating<br />

expenses to research and development and who wishes to expand or locate in Michigan<br />

rather than another state, may be eligible for a high-tech job creation tax credit against<br />

the state business tax. Each credit may be awarded for up to 20 years and for up to<br />

100% of the tax related to the project. <strong>Fuel</strong> cell and hydrogen technology businesses<br />

are eligible for the credit.<br />

Contact:<br />

Michigan Economic Development Corporation<br />

300 N. Washington Square<br />

Lansing, MI 48913<br />

Phone: (888) 522-0103<br />

Web: www.michigan.org/medc<br />

8. STATE AND LOCALLY-SUPPORTED DEMONSTRATIONS<br />

POWER GENERATION<br />

Michigan Alternative and Renewable Energy Center at Grand Valley State<br />

University, Muskegon: Funding for the project, including the building and <strong>Fuel</strong>Cell<br />

Energy Direct <strong>Fuel</strong> Cell® 300A (MCFC) is provided by a $3 million grant from the<br />

Michigan Public Service Commission and bonding from the City of Muskegon. The fuel<br />

cell provides electricity, heating and cooling for research space, incubator facilities,<br />

conference center and classrooms.<br />

VEHICLES<br />

110

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