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

by

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.

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

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.