Michigan officials are rolling back a $1 billion incentive package for Ford after it downsized its BlueOval Battery Park. Once planned for over 700 acres, with 2,500 jobs, it’s now slated at roughly 500 acres and 1,700 jobs.
MI Corporate Subsidies
An enterprise project from March 2024.
Posted inThe Center for Michigan
Bridge Lunch Break to discuss electric vehicles’ impact on Michigan
On July 17, Bridge Michigan reporters Paula Gardner and Kelly House will discuss the global electric vehicle transition and its impact on jobs and the environment.
Posted inBusiness Watch
$6 billion economic development plan on hold in Michigan House
Michigan House Democrats on Thursday delayed a planned vote on legislation to extend business incentives but expand the program to include dedicated funding for mass transit, housing, placemaking.
Posted inMichigan Environment Watch
Data centers create few jobs. Michigan wants to give them big tax breaks
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.
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.