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AK Steel

Brian Charles Watson / Wikimedia Commons

Michigan has approved amended tax incentives so Dow Chemical has more time to add jobs and AK Steel can qualify for tax credits following a merger.

The deals OK'd Tuesday by the Michigan Strategic Fund Board impose new caps on the tax credits at $61.4 million for Dow and at $20.3 million for the steelmaker. Economic development officials say the AK Steel agreement reduces Michigan's estimated liability by about $23 million.

Citizen groups are suing the Michigan Department of Environmental Quality over an air permit it granted to a Dearborn steel plant.

Two months ago, the MDEQ issued the permit to the Severstal plant. It allowed the facility to continue polluting at levels that had previously been cited by the state.