Tuesday, February 25, 2025

And how much money was "returned" to their friends in state government??!!-----Michigan electric vehicle maker to close two locations after pocketing $900,000 subsidy Company returning production to South Carolina

Receiving $900,000 of taxpayer money won’t stop a Michigan electric vehicle maker from shuttering two locations and taking 188 jobs out of state. - Scott McClallen 
Auburn Hills-based automotive supplier BorgWarner will close two plants of its subsidiary Akasol Inc., in Hazel Park and Warren...
  • In 2019, the Michigan Strategic Fund awarded the company $2.24 million in taxpayer money for its Hazel Park plant, with the expectation it would create 224 jobs. The money would be paid out over five years as the company met milestones for creating jobs.
  • But the state and the company amended the deal in 2022. Instead of being promised $2.4 million over five years, the company received $900,000, according to a Michigan Strategic Fund annual report. The company created 66 jobs, according to the MSF report...

No comments: