Henry Ford Health, Michigan State University and the Detroit Pistons are seeking $273 million in tax incentives largely to finance housing for the New Center development.
MI Corporate Subsidies
An enterprise project from March 2024.
Posted inBusiness Watch
Michigan Democrats offer plan to remake economic development
As mega-subsidies through Michigan’s SOAR Fund lose luster with both parties, Democrats propose adding more corporate accountability, oversight and community benefits to incentive deals.
Posted inGuest Commentary
Opinion | Michigan must end corporate welfare subsidies for developers
Awarding taxpayer subsidies is ineffective at creating jobs, unfair to businesses that don’t get them and expensive to governments. Worse still, those receiving them need not demonstrate subsidy programs actually work.
Posted inBusiness Watch
State board OKs $615M incentive plan for District Detroit
The Michigan Strategic Fund’s 9-1 vote came after more than two hours of public comment on the proposal and several other agenda items before the board.
Posted inBusiness Watch
Detroit OKs $748M in tax breaks for $1.5B downtown redevelopment
City Council made a series of key votes Tuesday to secure tax incentives for the $1.5 billion District Detroit development project.
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Michigan adds $120 million in incentives for Ford EV megasite near Marshall
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.
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.