December 4, 2023 –The Center for Economic Accountability has selected Michigan’s $1.75 billion in planned subsidies for an electric vehicle battery plant operated by a joint venture between Ford Motor Company and Chinese firm CATL as America’s “Worst Economic Development Deal of the Year” for 2023. The award recognizes a state or municipal government subsidy … Continue reading Michigan’s Subsidies for Ford Motor Company Electric Vehicle Battery Plant Named 2023’s “Worst Economic Development Deal of the Year” by The Center for Economic Accountability
Learning the Lesson from General Motors’ Subsidized Hit-and-Run in Chandler, Ariz.
By John C. Mozena General Motors is closing its Arizona IT Innovation Center in Chandler, Ariz. and eliminating 940 jobs there in an object lesson on government “economic development” programs’ ineffectiveness in the face of business reality. The short and tragic history of GM’s subsidized hit-and-run in Chandler should be a wake-up call for taxpayers … Continue reading Learning the Lesson from General Motors’ Subsidized Hit-and-Run in Chandler, Ariz.
Column in National Review: Ohio’s Long-Running Corporate-Welfare Farce Takes Another Absurd Turn
In National Review's "Capital Matters," CEA President John Mozena used the announcement that EV automaker Lordstown Motors had filed for bankruptcy to tell the tale of an Ohio auto assembly plant that epitomizes the futility of politicians and bureaucrats trying to overcome business realities with taxpayer-funded subsidies. The recent announcement that the artisanal-EV-pickup-truck manufacturer had … Continue reading Column in National Review: Ohio’s Long-Running Corporate-Welfare Farce Takes Another Absurd Turn
CEA President to Michigan Strategic Fund Board: “Please, just stop.”
On February 13, the Michigan Strategic Fund board voted to approve a $210 million grant and other incentives to Ford Motor Company, as part of a reported $1 billion in subsidies for a battery plant in Marshall, Mich. The only public comment at the meeting came from Center for Economic Accountability President John C. Mozena, … Continue reading CEA President to Michigan Strategic Fund Board: “Please, just stop.”
CEA statement on subsidized Ford/CATL battery plant project in Marshall, Mich.
Statement by John C. Mozena, president of the Center for Economic Accountability, on the reported $1 billion-plus public subsidy for a Ford/CATL battery plant in Marshall, Mich. Either the Marshall site is the best place for Ford’s proposed EV battery plant with CATL, or it isn’t. If it is, then Michigan’s taxpayers are getting screwed. … Continue reading CEA statement on subsidized Ford/CATL battery plant project in Marshall, Mich.