Ford E.V. Battery Plant in Michigan Named Worst Economic Development Deal of 2023

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by EuthanizeArty

Think twice the next time you say Tesla relies on subsidies:

  • Ford is cutting its own investment to 2.5B, while the state is providing 1.75B in known handouts(Some estimates put the total subsidies at 2.2B)
  • Jobs created are only expected to pay 20/hr, lower than state median wage, and cut from 2500 jobs to 1700.
  • Claimed to be able to create 4.38 jobs indirectly per job at the plant, which is grossly exaggerated. 4+ is only feasible in tech hubs, in Michigan its closer to 1.5-2.5
  • Governor exposed for funneling 100K dark money into silencing local residents.
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https://economicaccountability.org/2023/12/04/michigans-subsidies-for-ford-motor-company-electric-vehicle-battery-plant-named-2023s-worst-economic-development-deal-of-the-year-by-the-center-for-economic-a/

https://www.yahoo.com/news/ford-e-v-battery-plant-184545523.html