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Michigan Strategic Funds Slash Taxpayer Funds to Ford After Automaker Scales Back EV Projects

Jul 10, 2024 | 12:02 PM

Photo: Christine Tannous ~ USA TODAY NETWORK

DEARBORN, July 10, 2024 ~ The Michigan Strategic Fund greatly slashed public funding to Ford Motor Co. after it scaled back electric vehicle projects.

Initial plans for the Blue Oval Battery Park near Marshall have been reduced in scale since plans were introduced by Ford, both in economic investments and job creation. This led the MSF to reduce the initial $1.03 billion of taxpayer incentives down to $409.1 million on Tuesday.

PODCAST:

July 10, 2024 ~ The Michigan Economic Development Corporation and Ford Motor Co. will scale back public money going towards electric vehicles projects, like the BlueOval Battery Park in Marshall. Lloyd Jackson and Jamie Edmonds talk with MEDC CEO Quentin Messer about the future of incentive packages for manufacturing sites.

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