The city council in Ann Arbor, MI will hold a public hearing in early April on a plan that would establish an industrial development district (IDD) on land being developed by Sakti3, according to the Ann Arbor Chronicle. The advanced battery startup, a spinoff from the University of Michigan, is reportedly considering an investment of $2.4 million in new equipment and hopes to hire five additional people. An IDD would provide tax breaks to Sakti3.
Author: Thomas Lee
Thomas Lee came to Xconomy from Internet news startup MedCityNews.com, where he launched its Minnesota Bureau. He previously spent six years as a business reporter with the Star Tribune in Minneapolis. Lee has also written for the St. Louis Post-Dispatch, Seattle Times, and China Daily USA. He has been recognized several times for his work, including the National Press Foundation Fellowship on Alzheimer's disease, the East West Center's Jefferson Fellowship, and the MIT Knight Center Kavli Science Journalism Fellowship on Nanotechnology. Lee is also a former Minnesota chapter president for the Asian American Journalists Association and a former board member with Mu Performing Arts in Minneapolis.
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