Ford’s Golden Touch – California, Not So Much.

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These days, it seems Ford  can do no wrong. The latest move – they are selling one of their old, currently idle manufacturing plants in Wixom Michigan to two green minded energy companies.  Here are some of the details:

Two companies plan to invest $725 million into renovating the former Ford factory. Clairvoyant Energy of Santa Barbara, California will relocate its headquarters and produce solar panels in Wixom. Xtreme Power of Austin, Texas plans to build large-scale batteries to store power for the electric grid and from wind farms.

The promise of over 4,000 new jobs in Michigan was enough to garner a series of large tax breaks from the state and millions of dollars worth of grants from the federal government. For its part, Ford seems quite pleased with the direction its idled plant will take. Says executive chairman Bill Ford: “This is very much in line with a core principle we hold at Ford… I can’t imagine a better way to use this facility for our children and our grandchildren. We’re going to put this plant and the skilled workers of Michigan back to work”.

It’s great PR for Ford, and congrats to Michigan  for figuring out how to lure new business to the state – lower taxes. Of course, there is another state that is losing out on these jobs. Because of the dysfunctional state government, overbearing regulatory bureaucratic environment,  extreme high cost of doing business in the state, and the ever increasing threat of even higher taxes, California will lose more jobs. So to the geniuses in Sacramento, say goodbye to Clairvoyant Energy, soon to be formerly of Santa Barbara, and the jobs it created.

California…  The New Detroit!!!

PS. I hope to have the three years of lost content restored from the previous hosting site so I can rebuild my blog back to it’s former glory.