… the quality of the data being fed into it. In this case, the old programmers’ adage was precisely true: If garbage goes in, garbage comes out. The MEDC’s precise multiplier is based on a bunch of assumptions. Can state officials produce accurate assumptions? Ford bigwigs couldn’t accurately foretell …
… prep work. The CIP grant, Renaissance Zone exemption and PA 198 industrial property tax abatement will be reduced in step with the project downsizing, MEDC spokesman Otie McKinley said. Officials have not said how much the taxpayer money would be pared back. Ford is teaming up with a Chinese firm, CATL, …
… Agency. The $1.5 million grant would pay for land cleanup and improvements, MEDC official Jake Eckhold told MLive in 2021. The next fiscal year, lawmakers … not spent in accordance with the grant agreement must be returned to the MEDC.” But the relationship between the city and Mart Dock grew worse over time. …
… Michigan site and we need to allow the Ford Motor Co. and UAW to continue their negotiations,” Messer, chairman of the strategic fund and head of the MEDC, told the board Tuesday. All told, the $3.5 billion project could have already received as much as $270 million in corporate welfare of the $1.7 billion …
… and we need to allow the Ford Motor Co. and UAW to continue their negotiations,” Quentin Messer Jr, chairman of the strategic fund and head of the MEDC, told the board Tuesday. A call to the Marshall Area Economic Development Association went unreturned.
… people with so-called blue state preferences, with Michigan advertising new policies from its Democratic-controlled Legislature. “The message from MEDC is clear,” one media outlet wrote. “If you value diversity and reproductive freedom, Michigan may be the state for you.” The ad campaign vaguely highlights …
… staffers from both EGLE and the Michigan Economic Development Corporation. On Jan. 30, three EGLE staffers were on the call, and four were from the MEDC. On a phone call about environmental issues, the business development team outnumbered the environmentalists. The final outcome of those discussions …
… is to “put Michigan at the forefront of future-proofing sustainable maritime transportation.” Six projects received grant funds from the state. The MEDC announces them as follows: Arc, a California-based electric boat manufacturer will receive $20,000 to conduct technology demos and demonstrate the …
… included a 50-year property tax break amounting to about $23.8 billion in tax savings for the company over the lifetime of the abatement, according to the MEDC. That tax break would be offset at least partially by a negotiated payment in lieu of taxes. Michigan made “the largest known offer” of incentives …