To authorize giving a $50 million state subsidy to a firm called “Townsend Ventures,” which says it wants
to use the former Ford Motors Wixom plant to make systems related to electric car batteries. If enacted, this would be the second time the legislature has authorized a large cash subsidy for an outfit wanting to use this closed plant; the first deal fell through (see 2009 Senate Bill 777
). The bill would also reduce by $25 million a similar subsidy for a Johnson Controls Corporation battery plant (which is also the beneficiary of almost $300 million in federal subsidies, and potentially up to $48.5 million in other Michigan subsidy/tax breaks).