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The Latest Breaking News from MEDC

Michigan Lawmakers Signed Nondisclosure Agreements, Can't Discuss Corporate Welfare Scheme

If states insist upon giving away taxpayer money to private companies, the least they can offer in return is transparency.

Reason

Michigan launches consortium of higher ed, employers to prepare semiconductor workforce

The Michigan Economic Development Corp., the state's economic development organization, is spearheading the launch of a consortium of higher education institutions and employers to train workers for jobs in the growing semiconductor industry.

Tribune News Service

Ford to announce $2.5B battery plant in Michigan with Chinese partner

Ford Motor Co. on Monday is expected to detail a multi-billion-dollar investment with a Chinese company to build an electric-vehicle battery plant on a site in mid-Michigan, The Detroit News has confirmed.

Tribune News Service

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LG gets extension on Michigan battery plant expansion as plans with GM stall

LG Energy Solution is getting an extension on formally entering into an agreement with Michigan's quasi-governmental economic engine to quintuple the size of its Holland, Michigan, electric-vehicle battery plant just days after it first was reported that the company won't be building a fourth battery plant with General Motors Co.

Tribune News Service

Electric truck maker Via Motors eyes HQ move from Utah to Michigan

Via Motors, an electric vehicle manufacturer, is considering relocating its headquarters from Utah to Auburn Hills, Michigan, to grow its production, move that would add 300 jobs in Michigan.

Tribune News Service

Michigan to vie for 3rd Stellantis battery plant in North America

The maker of Jeep SUVs and Ram trucks is giving Michigan another chance to land an electric-vehicle battery plant and the hundreds of jobs that come with one after the Great Lakes State missed out on the company's first two for North America.

Tribune News Service

MedC Biopharma Partners With A2W Pharma To Develop Cannabinoid Therapeutics

MedC Biopharma entered into partnership with A2W Pharma of Malta in the development of MedC's proprietary novel cannabinoid formulations for the treatment of various cancer-related indications.

Benzinga

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‘A really bad deal’: Michigan awards GM $1bn in incentives for new electric cars

Automakers’ history of taking fat subsidies and overpromising job growth make some analysts skeptical of the deal

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