MLive: Michigan won 5 big electric vehicle projects this year – at a $2B taxpayer cost
“States have promised billions of dollars as they compete for a slice of the electric vehicle market in what watchdog group Good Jobs First has called the biggest “megadeal spending spree” in U.S. history. But critics suggest the government funds would be better spent on housing, education and jobs training…
Many of these deals are being struck as state budgets are flush with pandemic aid. But (Good Jobs First Executive Director Greg) LeRoy says the federal dollars were provided to help states become “more resilient” to future economic shocks.
“Resilience means addressing systemic inequalities that have made some people a lot more vulnerable to downturns and others, and frankly, it’s about racialized inequality,” he said, noting the funding could be used to address disparities in housing, life expectancy and education.
Some of this public funding is also supporting startup companies.”
Read the full story at MLive.