Michigan’s big business deals: Do they really pay off?
The Promise vs. Reality
Since 2022, Michigan has poured over $1.8 billion into tax breaks and cash awards for big corporations under programs like SOAR, all in the name of job creation and economic growth. But the results so far have been mixed at best.
- Promised: 14,559 jobs by 2025
- Delivered: Just 1,846 jobs—a fraction of what was expected.
One standout success: Solar Technology LLC, which exceeded expectations by hiring 1,244 workers for a Saginaw County solar factory. Yet others, like Ford and General Motors, scaled back plans amid shifting markets and changing priorities.
The Skepticism Grows
Critics argue that throwing billions at corporations doesn’t guarantee success—especially in volatile industries like electric vehicles. Recent moves, such as lawmakers cutting SOAR funding entirely, reflect growing doubt.
- GM’s $120 million award was transferred to LG Energy, raising questions about accountability.
- Gotion Inc. lost its $175 million deal after missing deadlines.
- Ford paused its Marshall battery plant before downsizing.
- Our Next Energy laid off workers and scaled back operations.
These setbacks highlight the risks of betting big on uncertain industries.
The Long Game
Supporters insist these investments will pay off in the long run, boosting local businesses and future opportunities. But with public frustration mounting and lawsuits piling up, Michigan faces a tough decision:
Should the state keep gambling on high-cost deals—or demand stricter results before writing another check?
