In Michigan, Support for R&D Tax Credit

By March 19, 2008Innovation, Taxation

A very good forum on the innovation (OK, the NAM helped sponsor the event) in Greenville, Mich., with U.S. Rep. Dave Camp talking about the R&D tax credit — an issue he’s passionate about. From The Daily News:

GREENVILLE – A large part of the region’s economic future rests on United Solar Ovonic.

Meanwhile, the Auburn Hills-based company’s future largely rests on its ability to conduct continual research and development of more advanced products.

Nancy Bacon, executive vice president of United Solar Ovonic’s parent company, Energy Conversion Devices Inc. (ECD) in Rochester Hills, called research and development “the foundation of this company” Tuesday.

Hence the focus on the tax credit, which expired AGAIN last year. Rep. Camp and Rep. Sander Levin (D-MI) have introduced a bill, H.R. 2138, to make the credit permanent.

Good observation as well from Gordon Stauffer, founder, president and CEO of Northland Corp. in Greenville: “Lapsing this tax credit has been disruptive… Not knowing what to expect has been difficult to deal with. This is as important to Michigan as anywhere else.”

Oh, and nice web presence from United Solar Ovanic.

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