Michigan considers new incentives to land battery plants

LANSING » Michigan would create new economic development funds to help the state land major business expansions, including possible electric vehicle and battery plants, under fast-tracked bills that received initial approval Wednesday.

Lawmakers did not say how much money they may put into the accounts to offer manufacturers and other companies and to prepare shovel-ready industrial sites. While proponents did not specify pending deals for which Michigan is vying, several told the House Government Operations Committee that the state must stay competitive in the auto industry.