Issue Position: Creating Jobs - New Industries

Issue Position

Gary Peters understands that if Michigan is going to turn around, we must also move quickly to seize opportunities in new, innovative high-tech industries that create good-paying jobs. We simply cannot afford to let China or any other nation lead in these new industries of the future. Gary authored and passed legislation to help Michigan keep its lead in advanced vehicle manufacturing and make it a leader in alternative energy production which will reduce our dependence on foreign oil and save consumers money at the pump while creating Michigan jobs. Peters fought for another measure that has helped Michigan achieve rapid growth in advanced battery companies moving to the state. Peters also supports a $7,500 credit for families that purchase advanced plug-in hybrid cars to help speed these technologies to the market.

In addition to advanced vehicle technologies, Peters sees great opportunity for Michigan to lead in the renewable energy manufacturing, such as wind turbines and solar panels. He backs the new Manufacturing Investment Tax Credit for companies investing in energy production facilities and supports expanded research and development to unleash American know-how.

Peters Plan to Create jobs in New, Emerging Industries Includes:

* New support for advanced vehicle technology development to reduce our dependence on oil, save consumers money at the pump and create Oakland County jobs

* Major investments for smart grid, advanced battery technology;

* Tax cuts for clean, renewable energy including a new manufacturing investment tax credit for investment in advanced energy facilities;

* $7,500 credit for families that purchase plug-in hybrid vehicles;

* Expanded research and development in new energy technology.

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