government loans http://michiganradio.org en Supporting small business in the alternative energy sectors http://michiganradio.org/post/supporting-small-business-alternative-energy-sectors <p>Legislation is being introduced in the state house aimed at supporting small businesses and startup companies in the alternative energy sectors.</p><p>The legislation is co-sponsored by Democratic State Representative Marcia Hovey-Wright. She spoke with Jennifer White.</p><p>Hovey-Wright says, &quot;Basically it&rsquo;s a revolving loan fund for alternative energy, green manufacturing which includes, wind, solar, advanced battery and biomass. The intention is to create good paying jobs with good benefits.&quot;</p> Tue, 08 May 2012 21:53:49 +0000 Jennifer White & Mercedes Mejia 7386 at http://michiganradio.org Supporting small business in the alternative energy sectors Chrysler set to pay back federal loans today http://michiganradio.org/post/chrysler-set-pay-back-federal-loans-today <p>Chrysler will pay back its federal loans in full today. Michigan Radio&#39;s Tracy Samilton reports:</p><blockquote><p>It&#39;s another milestone in the company&#39;s long struggle to recover from bankruptcy. Chrysler will wire-transfer nearly $6 billion to the U.S. Treasury and $1.5 billion to the governments of Canada and Ontario. Chrysler used some cash from Fiat for the transaction - and refinanced the rest with loans from private banks and investors.</p><p>The move will save Chrysler $300 million a year in interest and is one more step towards independence from the government.</p><p>The U.S. Treasury still holds about eight and a half percent of Chrysler stock. Fiat could end up buying that stock in the future. As of today, Fiat owns forty-six percent of Chrysler.</p></blockquote><p>The news is making headlines this morning:</p><ul><li>The Detroit News: <a href="http://www.detnews.com/article/20110524/AUTO01/105240318/1148/auto01/Chrysler-CEO-to-turn-page-on-%E2%80%98painful-chapter%E2%80%99">Chrysler CEO to turn page on &#39;painful chapter&#39;</a></li><li>The Detroit Free Press: <a href="http://www.freep.com/article/20110524/BUSINESS01/105240399/Chrysler-pay-off-government-loans-today?odyssey=tab|topnews|text|FRONTPAGE">Chrysler to pay off government loans today</a></li><li>The Wall Street Journal: <a href="http://online.wsj.com/article/SB10001424052702304520804576341363763683294.html">Chrysler sets payback</a></li><li>Mlive.com: <a href="http://www.mlive.com/auto/index.ssf/2011/05/white_house_officials_coming_t.html">White House officials coming to Metro Detroit with Chrysler expected to repay loans Tuesday</a> Tue, 24 May 2011 11:04:33 +0000 Zoe Clark 2619 at http://michiganradio.org Chrysler set to pay back federal loans today