General Motors (GM) garnered national headlines when it promised to invest $6.5 billion in Michigan, but the people negotiating the deal’s claw back provisions might only require GM meet half of that investment and 80% of the original job creation promise, despite taxpayers still footing an $824 million subsidy.
When in front of the press, GM and Michigan promised the factory would support 4,000 jobs and retain another 1,000 – a cost of about $206,000 per job created, and if it failed, Michigan could claw back a sizeable portion of that money.
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