Business major

Michigan lawmakers consider $ 1 billion in trade incentives


A few protesters can be seen outside the Michigan Capitol Building in Lansing as the Electoral College meets to vote for President-elect Joe Biden. (December 14, 2020)

LANSING, Mich. (AP) – Michigan lawmakers are scrambling to allow $ 1 billion in state incentives to achieve major business expansions, including an electric vehicle battery plant that General Motors wants to build in the Lansing region.

Once Governor Gretchen Whitmer signs off on the funding and related invoices, the money will go to the new Strategic Outreach and Attraction Reserve Fund.

Legislative budget committees are expected to approve transfers from the account to site preparation and “critical industry” funds before Michigan can distribute grants, loans and other aid to businesses.

A conference committee is expected to meet on Tuesday evening. Lawmakers are in session to vote after.

`)); // Facebook script embedding (function (d, s, id) {var js, fjs = d.getElementsByTagName (s)[0]; if (d.getElementById (id)) return; js = d.createElement (s); js.id = identifier; js.src = “https://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.12&appId=166116077300962&autoLogAppEvents=1″; fjs.parentNode.insertBefore (js, fjs); } (document, ‘script’, ‘facebook-jssdk’)); // Integration of the Twitter script (function (d, s, id) {var js, tjs = d.getElementsByTagName (s)[0]; if (d.getElementById (id)) return; js = d.createElement (s); js.id = identifier; js.setAttribute (‘async’, ”); js.src = “https://platform.twitter.com/widgets.js”; tjs.parentNode.insertBefore (js, tjs); } (document, ‘script’, ‘twitter-js’)); } // Simplify some iframe stuff var iframes = $ (‘iframe’); iframes .filter (‘.responsive’) .each (function (_, frame) {// 16×9 responsive ratio iframes var $ frame = $ (frame); $ (frame) .css ({position: ‘absolute’, top: 0, left: 0, right: 0, width: ‘100%’, height: ‘100%’,}). Parent (). AddClass (‘wood-responsive-container wood-responsive-container-16×9’);} ); var lazyFrames = iframes .filter (‘[data-lazy-src]’); function woodMakeLazyFrame (selector) {var observer; var options = {root: null, rootMargin: ‘0px’, threshold: 0,}; function handler (entries, observer) {entries.forEach (function (entry) {var ioR = entry.intersectionRatio; if (ioR> 0) {entry.target.src = entry.target.dataset.lazySrc; observer.unobserve ( entry .target);}}); } observer = new IntersectionObserver (manager, options); observe.observ (selector); } lazyFrames.each ((_, frame) => woodMakeLazyFrame (frame)); }); } (jQuery))