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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (69672)	11/3/2000 2:49:14 PM
From: Cheesehead	Read Replies (1) \| Respond to of 150070

With volume, WEIR will rocket. eom.

To: SSP who wrote (69672)	11/3/2000 2:50:03 PM
From: john	Respond to of 150070

(REUTERS) Michigan approves large tax package for Ford Michigan approves large tax package for Ford LANSING, Mich., Nov 3 (Reuters) - The state of Michigan said on Friday that it has approved a tax relief package worth about $185.5 million for Ford Motor Co. <F.N> as an incentive to rehabilitate and expand its Rouge complex in Dearborn, Mich. Ford said earlier this week it plans to spend $1 billion on a new assembly plant and some environmental initiatives at the 600-acre Rouge Center in Dearborn, plus expand and renovate several other plants. The state said the package was designed to encourage Ford to keep at least 2,900 jobs at the facility and potentially up to 3,800 jobs. Ford said it was also in discussions with the city of Dearborn and Wayne County on other tax incentives and road improvements. The tax package includes $108.7 million over the next 20 years for a single business tax credit, $5 million for a technical education center, a 12-year abatement of a state eduction tax worth $9 million, and job-training assistance of $3.8 million. In addition, the state raised the single business tax credit up to a maximum $30 million from $1 million, and approved a so-called brownfield tax credit of up to $30 million over 10 years. The state said the Rouge redevelopment project will provide more than $1.4 billion in revenue to Michigan over the life of the agreement. ((Detroit newsroom, 313-870-0200)) REUTERS