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Why you should never believe corporate welfare promises

Planners’ forecast for Ford plant was comically wrong; will anybody be held to account?

… 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 …

Ford pares back Marshall plant, and state incentives will follow

Automaker will hire 800 fewer people than planned; investment will shrink by $1.3 billion

… 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, …

D-Day ship left adrift by Muskegon politics

$2.8M in state earmarks spark battle over legislative intent

… 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. …

Recipient of $65M confident Marshall project will resume

Since Monday, three top officials have portrayed Ford pause as a tactic in UAW negotiations

… 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 …

Despite Ford ‘pause,’ board approves $65M for Marshall site

BlueOval Battery Park could have received as much as $270M of $1.7B in corporate welfare already

… 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.

Sound public policy, not advertising, will attract more Michigan residents

Growth states have lower taxes, more housing and smaller governments

… 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 …

Gotion is ‘wholly owned’ by a Chinese company, and 2 other takeaways from its foreign-agent filing

Gotion’s FARA declaration contradicts its articles of association

… 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 …

Michigan grants $500K for electric boat charging solutions

Michigan Tech will study how far boaters can travel from their home docks before needing to recharge

… 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 …

Michigan offered company $28B in corporate welfare, and still didn’t land it

Cash incentive offered to Micron was bigger than Michigan’s budget for state police and corrections

… 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 …