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Subsidy Tracker Individual Entry

Company: Ford Motor
Parent Company: Ford Motor
Subsidy Source: multiple
Location: Michigan
City: Marshall
County: Calhoun
Project Description: EV battery production
Year: 2023
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Subsidy Value: $1,700,000,000
Subsidy Value in 2023 Dollars: $1,700,000,000
Program Name: multiple
Type of Subsidy: 
MEGADEAL

Number of Jobs or Training Slots: 2,500
Wage Data: $45,000
Wage Data Type: Average annual wage
Capital Investment: $3,500,000,000
Source of Data: A press release from the Michigan Economic Development Corporation: "THIS JUST IN: Ford to Create 2,500 Jobs at New $3.5 Billion EV Battery Manufacturing Facility in Michigan," February 13, 2023: (click here) Michigan Strategic Fund, MSF Board Packet, February 13, 2023: (click here) Paula Gardner, February 13, 2023, "Ford EV battery plant on Marshall Michigan megasite gets $1B in incentives," Bridge Michigan, (click here) Craig Mauger and Beth LeBlanc, February 28, 2023, "Michigan Senate passes $1.3B spending bill with Ford battery plant subsidy," The Detroit News via LexisNexis.
Notes: Ford Motor Co. will construct an EV battery manufacturing facility, BlueOval Battery Park Michigan, outside the city of Marshall. The associated subsidy package includes: A Critical Industry Program performance-based grant of $210 million from the Strategic Outreach and Attraction Reserve (SOAR) fund; a $36 million loan from the Jobs for Michigan Investment Fund to the Marshall Area Economic Development Alliance for megasite land acquisition and improvement; the creation of a 15-year MSF-Designated Renaissance Zone and PILOT waiver worth an estimated $772 million; a PA 198 Industrial Facilities Exemption property tax abatement worth an estimated $52 million; $630 million for infrastructure investments and site readiness. Overlap with main data: None.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.