Strategic Fund Board OK’s incentives for major projects
A trio of economic development projects are set to receive hundreds of millions of dollars in state incentives.
“The money for a battery plant and a wastewater pipeline project will come from the “Strategic Outreach and Attraction Reserve.”
Quentin Messer is the CEO of the Michigan Economic Development Corporation. He says the state will make sure its money is well spent.
“Before a dollar of Michigan taxpayers goes to the company, they have to perform. These are mutually agreeable. We expect success but we want to make sure we mitigate any downsized risks.”
The investment comes a day after the governor signed a bill refilling the fund used for the incentives.
Critics say the state should instead invest in priorities like infrastructure or tax cuts.