Friday, December 06, 2024

Remember this when they tell you they need tax increases!!!-----Study: Just 9% of jobs announced in major Michigan taxpayer-funded deals from 2000 to 2020 actually created - The Midwesterner

Corporate recipients' of taxpayer handouts largely fail to create promised jobs - Victor Skinner
The Michigan Legislature has committed nearly $2.1 billion in taxpayer-funded business incentives in recent years, but the spending isn’t producing the jobs promised...
  • The deals include $666 million in incentives for General Motors announced in 2022 for electric vehicle projects, including an expansion of its Orion Township assembly plant to produce an all-electric pickup, and a Lansing area battery plant through a joint venture with LG Energy Solution. The two projects were slated to create 3,200 to 4,000 jobs... ($166,500/job "created")
  • Another $200 million from the SOAR fund to Novi-based Our Next Energy is intended to produce 2,112 jobs at a battery manufacturing plant in Wayne County. That deal also included more than $36 million in other state funds... ($117,742/job "created")

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