MARSHALL, Michigan - Fred Chapman has a message for Ford Motor Co, which is planning to build a sprawling factory on the outskirts of this town to make batteries for electric cars and which promises to employ 2,500 people.
President Joe Biden has made a factory revival a centerpiece of “Bidenomics,” and his administration has pushed through legislation such as the Inflation Reduction Act and CHIPS Act that both injected direct funding and tax incentives for manufacturing construction. "It is a trend that we are seeing across the country," said Gabby Bruno, Ford's director of economic development, "and one that has really ramped up recently due to a number of these megasites finally being developed, especially in the clean energy space."Not everyone wants giant projects, even in places that would seem ripe for a factory renaissance.
Only about 950 acres will be used by Ford, said Bruno, with a portion of that set aside as a conservation easement along the river. The rest has been earmarked by economic development officials for suppliers and other developments. Durian said he understands the concerns about the Chinese involvement in the project. The U.S. has an adversarial relationship with China, but he said it has gotten "a little weird and paranoid."
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »