Whitmer signed bills to create $1.5 billion economic development funds
A sense of urgency led to the swift bipartisan agreement in the Legislature to create the funds. That was after Ford chose to locate two electric vehicle factories in Kentucky and Tennessee. Lansing is a potential location for a General Motors electric vehicle factory.
Whitmer said other companies are also eyeing Michigan for projects that could bring in billions of dollars and tens of thousands of jobs.
“We know the next 20 months will determine what the next 20 years looks like.”
But the new law also has critics who say its “corporate welfare.” There’s also some secrecy surrounding those potential deals, including elected officials signing non-disclosure agreements.