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Global Trade Alert

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United States of America (State of Michigan): USD 1 billion funding for Ford’s EV Battery plant in Michigan

Description

On 13 February 2023, the Michigan Strategic Fund (MSF) approved USD 210 million in grants to Ford Motor Company from the Critical Industry Program to support the company's investment in electric vehic...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

13 Feb 2023

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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