The EV battery company was asked to return $23.5 million to the state, but other questions remain, a House committee heard Wednesday. Among them: what was the money spent on?
MI Corporate Subsidies
An enterprise project from March 2024.
Posted inBusiness Watch
After Gotion and SOAR, Michigan eyes overhaul of corporate subsidy strategy
With failure of large-scale incentives, Lansing now looks to what could be effective job-growth tools.
Posted inBusiness Watch
Swartz Creek shoots down $40M offer to sell school for Michigan megasite
In another setback for economic development officials, Genesee County officials reject a deal to sell a school to assemble land for a huge project. Sandisk had eyed a multibillion-dollar semiconductor plant on the land.
Posted inBusiness Watch
Michigan: Gotion battery plant plan is dead after years of controversy
A proposed $2.4 electric vehicle battery plant near Big Rapids has been beset over by lawsuit and questions about its ties to Communist China. It’s the second big-ticket project to die in the past few months.
Posted inBusiness Watch, Michigan Government
Whitmer biz incentives may face chopping block as part of Michigan budget deal
Michigan funding for Gov. Gretchen Whitmer’s signature business incentive program would be eliminated and redirect to roads under a new plan from legislators attempting to avoid a state government shutdown.
Posted inGuest Commentary
Opinion | Immigration key to Michigan economic growth, especially after SanDisk
Corporate subsidies can be a wasteful gamble. Michigan should focus on attracting talent and immigration is a natural starting point.
Posted inBusiness Watch
Michigan officials defend $20B Sandisk incentive offer scrutinized by legislators
Michigan was offering at least $20 billion of a $40 billion incentive package in a failed bid to lure Sandisk, according to officials. Critics say that was too much taxpayer money.
Posted inBusiness Watch
Lawmakers: Spending $660K per job for Sandisk would have been tough sell
Michigan’s failed $6.2 billion bid to launch a semiconductor plant in Genesee County has renewed debate about corporate incentives. Gov. Whitmer says the president promised her Michigan will ‘get an even better deal.’
Posted inBusiness Watch
Records: Michigan offered more than $6B in failed bid to land chip factories
State documents show that Michigan was willing to exchange billions in cash and tax breaks to land a proposed semiconductor manufacturing complex near Flint. The company pulled the plug instead.
Posted inBusiness Watch
Whitmer’s semiconductor dreams near Flint become nightmare for neighbors
In Mundy Township, Michigan is acquiring and demolishing homes for a megasite, while opposition is growing to the plan that has already cost taxpayers $260 million. ‘It’s no way to live.’