Items Tagged ‘automobile plant’
Developer Set To Convert Ford Plant
Synopsis:
An ex-Ford Motor Co.’s plant in Norfolk, Virginia, may find a new purpose soon. Jim Jacoby will close on the purchase agreement with Ford for the plant in the coming months. Jacoby is considering converting the 2.6 million-square-foot auto plant into a solar energy panel factory or a plant to produce equipment for wind energy. Jacoby has experience in reusing old industrial land: he built Atlantic Station on the site of an old steel mill in Atlanta and is in the process of converting another Ford plant in Atlanta into a mixed-use development.
State OKs Tax Credits to Turn Abandoned Ford Plant in Wixom, Michigan into Green Energy Factory
Synopsis:
The Michigan Economic Growth Authority has approved tax incentives that will help two out-of-state companies set up shop in the vacant Ford Motor Company plant in Wixom. $125 million has been authorized as part of the photovoltaic Michigan Business Tax Credits and will benefit Clairvoyant Energy and Xtreme Power. These two companies along with Oerlikon Solar USA will be repurposing the auto plant into a solar panel and advanced battery production complex. With manufacturing starting in 2011, the venture has the potential of employing 4,000 people.