government loans en Supporting small business in the 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 Supporting small business in the alternative energy sectors Chrysler set to 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="">Chrysler CEO to turn page on &#39;painful chapter&#39;</a></li><li>The Detroit Free Press: <a href="|topnews|text|FRONTPAGE">Chrysler to pay off government loans today</a></li><li>The Wall Street Journal: <a href="">Chrysler sets payback</a></li><li> <a href="">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 Chrysler set to pay back federal loans today