Michigan Renewable Carbon

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Date of closing September 2013
Total Costs $24 million
Total NMTCS $22 million
2014 Small Business of the YearHonorable Mention
Novogradac Journal of Tax Credits Community Development Awards

Michigan Renewable Carbon is creating a facility capable of producing 4,000 tons per year of activated carbon, and 4,000 tons per year of thermal carbon, a replacement fuel for coal. Both of these products are used to reduce the emissions of industrial power generation.  Located on the former Sawyer Air Force Base in Gwinn, the site has been designated a Michigan Renaissance Zone.  The project will support job creation in Michigan’s Upper Peninsula by utilizing the region’s abundant forestry resources and skilled local employees, who have endured high unemployment (26.1%) and poverty rates (30.4%) since the Air Force Base’s closure in 1995.  In addition to supporting the local forestry industry, the project will demonstrate that high tech companies can successfully operate in Michigan’s remote northern region.  (NNMF NMTCs: $20 million)

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