July 1, 2008

Lansing, MI, USA: Legislature Passes Plan to Allow for Hemlock Semiconductor Expansion

State Representatives Jeff Mayes (D-Bay City) and Andy Coulouris (D-Saginaw) yesterday voted to give final approval to a plan that clears the way for nearly $1 billion to be invested in the expansion of the Hemlock Semiconductor in Saginaw County, creating thousands of jobs for local workers and positioning Michigan to become a leader in renewable energy production. The plan now heads to Governor Jennifer M. Granholm to be signed into law.

"Michigan can be a leader in the renewable energy industry, rather than sitting back and watching other states attract these rapidly growing businesses," said Mayes, vice chair of the House Energy and Technology Committee. "We're already seeing remarkable growth in the alternative energy sector, which translates into good-paying jobs for Michigan workers. The key is drawing even more businesses to settle and expand here, which is exactly what this plan will do."

Hemlock Semiconductor, based in Hemlock, is a leader in the production of polycrystalline silicon, which is used to produce solar panels and computer chips. Dow Corning, the parent company of Hemlock Semiconductor, is currently seeking a location to invest about $1 billion to expand Hemlock Semiconductor's facilities. The plan that passed the House today will provide tax credits to Hemlock for more than a decade – potentially until 2023.

It is part of the House's groundbreaking comprehensive energy plan that aims to bring Michigan into the next century of energy production. This new $1 billion investment is in addition to a $1 billion investment announced in May 2007, and a $500 million expansion investment announced in November 2005, both of which are being spent on the facility in Hemlock.

"This plan sends a clear message to renewable energy companies looking for a great place to expand that Michigan is the place to be," Coulouris said. "Hemlock Semiconductor and other alternative energy leaders are an important part of a prosperous future for Michigan. This plan will help diversify Michigan's economy, create jobs for our workers and get our state headed in the right direction."

Further details about: Hemlock Semiconductor