Michigan spent $1.8B chasing 20,595 jobs. It got 602 — about $3 million each (reason.com)
Eight marquee Michigan subsidy deals promised 20,595 jobs for $2.7B in incentives. Actual spend: $1.8B. Actual jobs: 602 — roughly $3 million apiece. Ford's $210M deal has created zero so far; a $261M SanDisk site is 'a big empty field.'
A Xoogler argued the headline cheats: tax abatements aren't 'spending,' since no business means no revenue either way. A VC fired back that this case was actual cash transfers — which makes it worse, not better.
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