Michigan is in a race with other states to lure companies that host cloud storage. Foes say a 2015 deal that promised to bring 1,000 jobs but created a fraction of that should be a cautionary tale.
MI Corporate Subsidies
An enterprise project from March 2024.
Posted inBusiness Watch
Michigan lawmakers eye changes to corporate incentives after Bridge report
Legislators, who are debating economic subsidies, raise alarms after Bridge reports that Michigan spent $1 billion to create 200 jobs in EV battery plants.
Posted inBusiness Watch
Michigan has spent $1B on EV, battery plants. So far, they’ve created 200 jobs
Gov. Gretchen Whitmer bet big on five companies that promised $16 billion in investments and 12,000 jobs. The projects didn’t need to create jobs before getting the money, and now all are delayed or downsized.
Posted inBusiness Watch
Where mega battery, EV projects stand after $1 billion in Michigan subsidies
Michigan has pledged $2 billion to five companies promising huge investments. The projects are behind amid flux in the auto industry. Here’s where they all stand.
Posted inBusiness Watch
Michigan lawmakers move to reform corporate subsidies; hurdles remain
A House committee passed a $6 billion plan to set aside $2.5 billion for corporate incentives over the next 10 years and funnel more money to transit and housing. It faces tougher prospects in the full House.
Posted inBusiness Watch
Michigan transit backers race to $6B economic development plan
A new Michigan plan would redirect some business incentive funding to pay for transit projects. Supporters imagine autonomous vehicles delivering workers, bus rapid transit in Detroit and better air travel to northern Michigan.
Posted inBusiness Watch
Mass transit wins big in new plan to retool Michigan corporate subsidies
The Michigan Legislature seems ready to redirect much of its billion dollar incentive spending toward building more mass transit and other community projects. Gov. Gretchen Whitmer appears open to the idea.
Posted inMichigan Government
Democrats are back in power in Lansing. Their wish list is slim
After months of stagnation, a partisan tie in the state House is ending and Democrats are returning to full power. But the state budget – and campaigning – will likely dominate lawmakers’ time.
Posted inBusiness Watch
New push to reform Michigan corporate subsidies, this time from Republicans
Lawmakers from both parties say they want more accountability and to steer big money away from companies toward communities.
Posted inMichigan Government
Michigan Senate OKs corporate subsidy overhaul in push for higher wages
Sweeping plans would revamp Gov. Gretchen Whitmer’s signature business incentive program while creating tax breaks for higher-wage jobs and innovation.
