Announcement
13 Feb 2023
In February 2023, the State of Michigan announced support for an EV battery investment of Ford Motor Company.
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Number of interventions
4
4 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
13 Feb 2023
Revocation date:
No revocation date
Updated: 13 Feb 2023
Tax or social insurance relief
In force
On 13 February 2023, the Michigan Strategic Fund (MSF) approved a property tax abatement (PA 198) worth USD 52 million for Ford Motor Company to support the company’s investment in electric vehicle...
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Updated: 13 Feb 2023
State loan
In force
On 13 February 2023, the Michigan Strategic Fund (MSF) approved USD 36 million in loans from the Jobs for Michigan Investment Fund to Ford Motor Company to support the company’s investment in elect...
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Updated: 13 Feb 2023
Financial grant
In force
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 ve...
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Implementation date
13 Feb 2023
Revocation date:
12 Feb 2038
Updated: 13 Feb 2023
Tax or social insurance relief
In force
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 bat...
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