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Wednesday, March 01, 2006

Details on Bid to Save Wixom Plant

The Detroit News reports that Ford Motor Co. left at least $115 million in state tax credits and other incentives on the table when it decided to shutter its Wixom Assembly Plant last month, according to documents provided by the governor's office. Economist Patrick Anderson stated: "The fact that an offer of this magnitude wasn't enough to keep one Ford factory here underlines how bad Michigan's business climate is and how difficult times are for our domestic automakers." Critics of the state's economic policies say offers like this point to more fundamental problems affecting Michigan's economy.

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# posted by farlane @ 9:39 AM
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