ANNOUNCEMENT 27 Nov 2018
In 2018 Michigan provided tax support to Ford.
NUMBER OF INTERVENTIONS
https://maps.michiganbusiness.org/reports/detailreport.aspx?industry=99,31,27,13,7,4,1,52®ionID=10®ion=regions&year=2018,2019&incentive=6,7,8,1,3,9,5&reportName=Detroit_Metro_Region and https://www.crainsdetroit.com/article/20180815/news/668501/ford-motor-co-to-spend-740-million-on-corktown-campus and https://www.detroitnews.com/story/business/autos/ford/2018/11/27/ford-michigan-central-station-corktown-state-tax-break/2118796002/
On November 27, 2018 the state of Michigan extended favorable tax treatment to Ford Motor Company. The principal benefit is the $208,796,791 in tax-exempt treatment that the firm will receive for investing in a renaissance zone. Under Michigan law, renaissance zones are regions of the state designated as virtually tax free for any business or resident presently in or moving to a zone. It will also receive $18,763,677 under the Obsolete Property Rehabilitation Act (PA 146) of 2000, which provides property tax exemptions for commercial properties that are rehabilitated and meet the requirements of the act.