Good Jobs for Michigan
Good Jobs for Michigan provided a critical tool in securing competitive projects to grow our economy longer-term, and have a transformational impact on our communities and workforce. The program sunset in December 2019.Bottom Line
The Good Jobs for Michigan program has resulted in six large scale projects, which totaled:
$6.61 billion
in private investment
11,300+
jobs committed
$31.51
average hourly wage of jobs committed
$1.56 billion
on net new revenue to the state, a return of $5.40 to Michigan for every dollar GJFM invests
Good Jobs for Michigan Projects:
The Report was last updated on Nov 20, 2024.
Ford Motor Company
| Approval Date: | Dec 17, 2019 |
|---|---|
| Location: | Dearborn, Wayne |
| Project Investment: | Up to $1,462.50 million |
| New Jobs Committed: | 3000 |
| Projected Award Amount: | Up to $26.00 million |
Acrisure
| Approval Date: | Sep 24, 2019 |
|---|---|
| Location: | Grand Rapids, Kent |
| Project Investment: | Up to $33.19 million |
| New Jobs Committed: | 400 |
| Projected Award Amount: | Up to $6.00 million |
Stellantis
| Approval Date: | May 21, 2019 |
|---|---|
| Location: | Detroit, Wayne |
| Project Investment: | Up to $4,416.19 million |
| New Jobs Committed: | 4950 |
| Projected Award Amount: | Up to $99.00 million |
Aptiv US Services General Partnership
| Approval Date: | Nov 27, 2018 |
|---|---|
| Location: | Troy, Oakland |
| Project Investment: | Up to $20.00 million |
| New Jobs Committed: | 500 |
| Projected Award Amount: | Up to $30.69 million |
KLA Corporation
| Approval Date: | Oct 23, 2018 |
|---|---|
| Location: | Ann Arbor, Washtenaw |
| Project Investment: | Up to $217.83 million |
| New Jobs Committed: | 500 |
| Projected Award Amount: | Up to $16.17 million |
Pfizer, Inc.
| Approval Date: | Jul 24, 2018 |
|---|---|
| Location: | Kalamazoo, Kalamazoo |
| Project Investment: | Up to $465.00 million |
| New Jobs Committed: | 354 |
| Projected Award Amount: | Up to $10.50 million |
How it Works:
The Good Jobs for Michigan program provided its financial support through tax capture withholding from the creation of the new jobs directly supported by the project – if the company does not create the jobs, they receive no funding through GJFM. This also means there is no General Fund spending impact to the State. Without GJFM these projects and the jobs and the taxes they generate, would locate outside of Michigan. The program builds a foundation for significant new long-term revenue at both the state and local level once the term of the incentive is complete.
