Friday, June 3, 2022

Ford Announced $2billion in Michigan Investments: More can be done with business environments.

Ford recently announced something like $2billion in investments within the state. Another announcement in the past found that the company was putting its electric vehicle investments in another state. That wasn't perhaps the worst move but didn't hedge the existing infrastructure and knowledge competencies that can be found in Michigan.

Ford’s $2 billion investment will bring 3,200 jobs to Michigan

The state has some responsibility in encouraging new investments such as this by using resources in ways that lead to higher levels of economic, social, and environmental growth. they are doing that through what is called the Strategic Outreach and Attraction Reserve (SOAR)

There is more to it then just incentivizing businesses. It is also about finding places where businesses can collaborate to build something new. Those ideas don't seem to have traction even thought they may have greater potential. 

For example, Delta County Michigan is an underdeveloped area that would be great for clustering outdoor tourism, small/medium manufacturing, mining, prototype development, skilled trades, and military/navy (I'm not going into how that works because I have already sort of talked about it and it takes a while to explain.). 

Anyway.....creating the right investment environments and selling those environments to businesses and international investors can go a long way. 

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