Michigan passes 'Good Jobs' bill, but Foxconn heading to Wisconsin
OAKLAND COUNTY, Mich. (SINCLAIR BROADCAST GROUP) - President Donald Trump announced Wednesday afternoon that Foxconn will open a factory in Wisconsin, creating thousands of new jobs in the U.S.
The mammoth tech supplier was reportedly looking at Michigan to expand business.
Our Political Reporter Nick Minock joined us from in Oakland County where he tells us why Michigan has struggled to get a bite of the big business apple and how that may soon change.
Michigan lawmakers want to transform vacant lots of land like this one all over Michigan. They say it's now possible because of new legislation Governor Rick Snyder signed today.
"Let's be proud today. Today is a day to celebrate success," Snyder said.
It wasn't easy, but Governor Rick Snyder and Michigan lawmakers got it done. The state now has tax incentives to lure new large companies to Michigan's 83 counties.
"This is something that could definitely benefit my part of the state," said Representative Brian Elder, of Bay City.
A democrat, Elder teamed up with republicans to pass the "Good Jobs" bill in order to put people in his district to work plus breath new life into forgotten areas like a plot of land he showed us this week.
"It's currently a unused land fill," he said.
He explains the new tax credits like this:
"So a new company comes in, they create 250 jobs at a minimum, that's got to be verified by an audit, and then the taxes that the company would ordinarily withhold for income tax to pay for the state of Michigan, they (the company) receive that as a tax credit," Elder said.
"Frankly, I like to win. Not just for West Michigan for the State of Michigan," said Birgit Klohs, CEO of The Right Place.
Klohs says there's no silver medal in the field of attracting new business.
"You either land them or you don't. Often times when we get down to the final two or four if you will, we often get eliminated because we lack some tools and this tool today will close that gap," she said.
Despite some push back in the State House, from people like Representative Steve Johnson, an Allegan County Republican who called the bill 'corporate welfare,' the tax credits were passed to attract giant companies like Foxconn to open up shop in Michigan.
But did the jobs bills get Governor Snyder's signature too late?
"I can't specifically answer that question," Snyder said.
The new tax incentives that will be offered to companies will be capped at $200 million a year. Several economic development groups tells us there are multiple potential projects in the works in West Michigan, Mid Michigan, and Southeast Michigan.