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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 772 million for Ford Motor Company under the Renaissance Zone program to support the company's investment in electric vehicle batter...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

13 Feb 2023

Revocation date

12 Feb 2038

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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