Why you should never believe corporate welfare promises

Why you should never believe corporate welfare promises - By Michael D. LaFaive 

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

Michigan seems to be ending 2023 the way it began, with surprise news about Ford Motor Company’s $1.7 billion, taxpayer-subsidized deal to build an electric vehicle battery plant in Marshall. 

In February, the head of a local development authority predicted the plant would directly employ 2,500 people. 

In late November, Ford announced a scaled-down version that would employ just 1,700. 

That’s a 32% reduction – just in the number of promised jobs, not even jobs that may ultimately exist.
The Ford case is more evidence that Lansing politicians and state officials should not be in the corporate handout business...