Michigan Governor Jennifer Granholm recently announced that the state will spend $250,000 by 2008 to boost its
infrastructure. The program involves the conversion of 1,000 gas pumps to either
across the state. The money is intended to assist
owners in paying for up to 75 percent of the cost of converting an existing pump to alternative fuel or 50 percent of the cost of adding a new pump. It roughly costs $2,000 to convert an existing pump while it can cost up to $15,000 to add a new one.
The program was sparked by state representative Neal Nitz who believes that renewable fuels are already making a significant impact on the state's economic recovery. Governor Granholm said that by 2008, once they reach their 1,000 pump goal, Michigan will likely pass Minnesota as the nation's leading distributor of alternative fuels.
[Source: Detroit News]