Nearly three years ago, the state of Michigan awarded FoMoCo $35.3 million in new tax incentives for Detroit area Ford plants as the automaker invested $1.45 billion in those same facilities. Now, as The Blue Oval works to produce more electrified models like a possible all-electric version of the Ford Bronco, a hybrid variant of the new Ford Ranger Raptor, a next-gen Ranger EV, and perhaps even hybrid versions of the S650 Ford Mustang, additional investments in Detroit area Ford plants will be needed as well, and those will apparently include another $135 million from the state of Michigan, according to The Detroit News.
That money would reportedly help fund a retooling of the automaker’s Detroit-area plans for both ICE and EV models that would also add around 3,000 jobs. Broken down, the state would provide $100 million derived from a newly formed job creation fund, with the rest coming from a State Essential Services Assessment property tax exemption at certain facilities.
Ford has not yet announced what, exactly, it plans to invest in its Michigan-based facilities as part of this deal, but an announcement on this particular deal involving both it and government officials is reportedly scheduled for Thursday. Previously, Michigan officials awarded General Motors and LG Energy $666 million in cash incentives to build a battery plant in the state from the same fund, which now has $333 million remaining from its original $1 billion.
The move comes as Michigan is scrambling to attract and keep EV business in-state as automakers like Ford continue to invest big in other places, such as the automaker’s $11.4 billion dollar infusion in Tennessee and Kentucky to build the new BlueOval City and SK battery plant facilities. State officials have previously stated their intentions to attract EV-based investments the state, and said back in December that there were four potential projects that could receive state funding in the pipeline.