President Obama, Senator Stabenow and USDA Sec. Vilsack Support biotech industry Efforts to spur economic growth and create jobs
U.S. Senator Debbie Stabenow announced her “Grow it Here, Make it Here” plan will encourage bio-based manufacturing in Michigan by giving tax cuts to businesses who invest in bio-manufacturing or purchase equipment to manufacture bio-based products. If adopted, the plan will lead to heightened investment and job creation.
She joined with President Obama and U.S. Secretary of Agriculture Tom Vilsack to call for a 50% increase in government purchases of new bio-based products to boost America’s rural economy through innovative agriculture.
Secretary Tom Vilsack said, “The companies that manufacture these goods employ about 100,000 Americans - many of them in rural communities - by marrying together two important economic engines: agriculture and manufacturing.” Read more.