The state is offering the automaker over $1 billion in funding as Ford plans a $3.5 billion investment in an electric vehicle battery factory about 20 miles east of Battle Creek.
MI Corporate Subsidies
An enterprise project from March 2024.
Posted inGuest Commentary
Opinion | District Detroit tax breaks will help billionaires not Detroiters
District Detroit is seeking $800 million worth of public subsidies. Billionaires like Ilitch Holdings and Stephan Ross shouldn’t be receiving corporate welfare tax abatements from one of the most impoverished U.S. cities.
Posted inBusiness Watch
Chinese EV battery factory planned near Big Rapids faces renewed scrutiny
Gotion Inc. plans to break ground this summer, but questions persist about its corporate ties to the Chinese Communist Party and whether the deal presents U.S. security risks. Gotion announced plans last year to build a $2.36 billion factory in Michigan.
Posted inBusiness Watch
Q&A: Ilitch-Ross developers talk District Detroit jobs, housing, tax breaks
BridgeDetroit asks developers who will benefit from a group of publicly-supported downtown projects.
Posted inBusiness Watch
5 (mostly) good things to know about Michigan’s progress on EVs
Automakers are racing to increase EV production, and Michigan is trying to get a big piece of it. Here is where the state — and the industry — stand today.
Posted inBusiness Watch
Ford EV battery plant on Marshall Michigan megasite gets $1B in incentives
Ford Motor Co. fleshed out details on Monday of a battery plant it will build with a Chinese partner on farmland near Marshall. The plant, to employ 2,500, is scheduled to open in 2026.
Posted inBusiness Watch
Marshall megasite wins Ford EV battery plant project with Chinese partner
The multi-billion-dollar project with Chinese battery giant CATL is touted to produce 2,500 jobs and add to Michigan’s growing share of EV-related development. Virginia had previously rejected the project because of its ties to China.
Posted inGuest Commentary
Opinion | Michigan’s future: No flying cars, but plenty of corporate welfare
We don’t need to be making big speculative bets on a specific company or technology to improve the state’s economy and the quality of life of the people who live and work here.
Posted inGuest Commentary
Opinion | No one subsidizes business like Michigan
No other state gives out hundreds of millions in cash over the short term. That’s what Michigan does.
Posted inGuest Commentary
Opinion | Michigan needs money: Whitmer should renegotiate business subsidy deals
As the state does its part, one better way to reduce government spending would be to turn to Ford, General Motors and Fiat-Chrysler, recipients of public taxpayer dollars.