Mich., Iowa give tax credits for auto suppliers’ projects

Oct 26, 2012 | 05:50 PM | Corinna Petry

Tags  automotive suppliers, Magna International, Nexteer, P&F Systems, Denso, expansion plans, tax incentives, Corinna Petry

CHICAGO — Economic development authorities in Michigan and Iowa are hoping to attract investments and potential jobs from automotive suppliers through various initiatives.

The Michigan Strategic Fund has approved several tax incentive extensions that are expected to generate up to $142.8 million in investments and add 762 new jobs, Michael A. Finney, Michigan Economic Development Corp. (MEDC) president and chief executive officer, said in a statement.....

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