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.’
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.
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.’
Since Gretchen Whitmer became governor, Michigan has given $995 million to companies that promised to create 65,000 jobs. They’ve produced 13,000 — a rate of $76,000 per job, a Bridge investigation finds.
Ten mega projects have dominated economic development under Gov. Gretchen Whitmer. Most involve electric vehicles, remain behind schedule and have created one-fifth of the 25,000 jobs corporations promised.
The state doled out $600 million in its first mega-subsidy deal. Now, sale of a Lansing battery factory has prompted an award split between GM and LG Energy Solution.
The vice president comes to Michigan for the first time since the election on Friday. He’s visiting a Bay City-area plant that received a $1.2 million subsidy from the state to create 93 jobs that pay less than Michigan’s median.
The Society for Advancing Business Editing and Writing award recognized an investigation into the return on investment for Michigan’s corporate subsidies.
Key recommendations include improving long-term utility planning to enable grid investments to support charging infrastructure, passing a Clean Fuel Standard and providing more incentives for individuals and businesses seeking to purchase EVs and EV chargers.
The latest Lunch Break event featured Bridge Michigan reporters Paula Gardner and Kelly House talking about the economic and environmental impacts of EVs
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.
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.
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.
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.
Legislators, who are debating economic subsidies, raise alarms after Bridge reports that Michigan spent $1 billion to create 200 jobs in EV battery plants.
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.
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.
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.
