Governor of Michigan Signs $ 1.5 Billion Trade Incentives | Michigan News


By ANNA LIZ NICHOLS, Associated Press / Report for America

LANSING, Mich. (AP) – Michigan Gov. Gretchen Whitmer on Monday signed legislation to allocate $ 1.5 billion to business economic development efforts, including possible funds to build a General Motors plant to manufacture electric vehicle batteries in the Lansing area.

The legislation creates the Strategic Awareness and Attraction Reserve Fund, which will be financed from state revenues with $ 1 billion for business assistance.

Funds totaling $ 409 million will also be allocated to support restaurants, gyms and other industries heavily affected by the COVID-19 pandemic.

The legislation, which includes four bills, was passed last week by the GOP-led Legislature with bipartisan support.

Political cartoons

“Through the effective collaboration between legislative leaders, my administration, and community and business leaders, I have signed bills that will support small businesses and allow Michigan to grow, attract billions of dollars. ‘investments and create tens of thousands of well-paying jobs, “Whitmer said in a statement Monday.

GM’s plans to build its third electric vehicle battery plant in the United States were announced earlier this month. GM said the plant would cost up to $ 2.5 billion to build and employ up to 1,700 people, starting in 2025.

Other large-scale opportunities could arise in Michigan if the state can attract business, said Wendy Block, vice president of business advocacy and member engagement for the Michigan Chamber of Commerce, at the start of the report. month.

The Michigan Manufacturer’s Association echoed Block’s sentiment in the press release from the governor’s office.

“Michigan must compete with other states to attract and retain manufacturing investment,” said MMA CEO John Walsh. for current and future jobs and investments.

Anna Liz Nichols is a member of the Associated Press / Report for America Statehouse News Initiative corps. Report for America is a national, nonprofit service program that places reporters in local newsrooms to cover undercover issues.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.