In the past few weeks there has been much rejoicing of the jobs the Michigan auto industry has recovered with the building of the new GM compact car. With the current state of the economy, this good news is much welcomed but no one seems to be questioning the process.
With the creation of the GM subcompact car, Oakland County, Michigan will keep nearly 1,200 jobs. After a fierce competition with Wisconsin and Tennessee to lure the new plant into their state, Michigan won after offering the best incentives. But what are these incentives? What are they costing us? Will the incentives pay off in the future? Although it has been publicized that the Michigan business tax has been amended to provide breaks to manufacturers, the specifics of Michigan’s offer to GM are unknown..
What about the idea of diversifying our economy? Although the addition of any jobs is most welcome in our state at this time, what we are doing to get these jobs should be questioned.
Sources: The Associated Press, June 26, 2009