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DETROIT, MI- The state’s new auto adviser is looking to change the way Michigan attracts automotive-related companies to the Great Lakes State.
Nigel Francis, Automotive Office Michigan Economic Development Corp.
senior vice president, is taking a more business-like approach to
discussions with companies rather than offering short-term benefits.
Francis
used a discussion with a “very large company from overseas” to drive
his point home, where instead of proposing incentives; officials touted
how the company could save money in the long-term with having the right
location for a new plant.
“If they put it in the wrong place,
their logistics cost will become a billion dollars over the lifetime,”
he told reporters Tuesday following a speech at the Society of
Automotive Engineers’ 2014 World Congress.
“When you look at a billion
dollar decision, does it really matter that there’s $5 million or $7
million upfront? It’s completely irrelevant. More here.
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