To get the best of tax credits, Ford has to invest US$3.1bn more in Michigan

In order to cap the state of Michigan's liability for previously authorised job retention tax credits, Ford and the Michigan Strategic Fund have entered into a revised agreement

Ford has entered into a revised agreement with the Michigan Strategic Fund (MSF), which caps the state's liability for previously authorised job retention tax credits. This means that to receive the maximum tax credits, the revised agreement requires Ford to invest an additional US$3.1bn in the state.

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