ALTe to Receive an $8.4 Million Tax Credit for Electric Powertrain Development

Michigan-based electric powertrain company ALTe LLC was approved to receive a tax credit valued at $8.4 million over seven years from the Michigan Economic Development Corporation’s (MEDC) Michigan Economic Growth Authority (MEGA) board. ALTe also secured a 185,000-square-foot Development and Manufacturing facility in Auburn Hills, Mich. At full production, the facility will produce up to […]