Investing

An order setting rates for renewable energy developers from Consumers Energy will create the certainty necessary to spur private investments and new growth in solar energy, while ensuring utility customers’ electricity rates don’t increase

U.S. Representative Candice Miller (MI-10) applauded the Economic Development Administration’s (EDA) approval of a $50,000 grant to establish an economic development plan to support capital investment and job creation in Huron County in light of the closure of DTE’s Harbor Beach power plant:

The Michigan Department of Environmental Quality, Office of the Great Lakes today released the third part of Michigan’s Water Strategy, a comprehensive, collaboratively-developed plan for the protection and wise use of Michigan’s water resources.

U.S. Senators Debbie Stabenow and Gary Peters today announced a $69,480 investment to provide assistance to help end veteran homelessness in West Michigan. The assistance is part of the U.S. Department of Housing and Urban Development and the U.S. Department of Veterans Affairs Supportive Housing (HUD-VASH) program. The funding will go to the Kent County Housing Commission, which will work with the Battle Creek VA Medical Center and the Wyoming VA Health Care Center to support homeless veterans

The Michigan Department of Licensing and Regulatory Affairs (LARA) signed a final Consent Order with LPL Financial LLP (LPL) in connection with an investigation of LPL’s failure to implement an adequate supervisory system regarding its sale of non-traded Real Estate Investment Trusts (REITS) and its failure to enforce its written procedures regarding the sale of non-traded REITS.

Rep. Brenda Lawrence voted with the majority of her colleagues in the House to adopt, by a vote of 316 to 113, the FY 2016 Omnibus Appropriations bill.  This measure funds the government for FY 2016.

A Chinese bearing manufacturer will invest nearly $26 million to establish a new U.S. headquarters and technical center in Northville Township, creating 125 jobs, Gov. Rick Snyder said Monday after returning from an eight-day investment mission to China

Congressman Dan Kildee (MI-05) today issued the following statement after it was announced that General Motors will invest $877 million in the Flint Assembly Plant. “Flint is the birthplace of General Motors and we are proud to have them invest in our community. GM’s new investment means that our workers will continue to build award-winning vehicles right here in Flint to be sold around the world.

The House passed H.R. 2042, the Ratepayer Protection Act, which included a bipartisan amendmentfrom Congressman Huizenga (MI-02) and Congressman Kildee (MI-05) encouraging the Environmental Protection Agency (EPA) to include the benefits of clean energy storage in their emissions calculation under the Clean Power Plan.

U.S. Senators Gary Peters and Debbie Stabenow today announced a $697,125 federal investment at the Grand Rapids Home for Veterans from the U.S. Department of Veterans Affairs (VA). The funding will go towards installing emergency generators and a hot water system. This is in addition to a previously announced $446,875 federal investment for the Grand Rapids Home for Veterans which will install an anti-wander and security system.