A first for Michigan's $2.4B SOAR business incentive program: New jobs [Yahoo! Finance Canada]
Dow Inc. (DOW)
Last dow inc. earnings: 4/30 06:00 am
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Source: Yahoo! Finance Canada
Reports submitted to the state for the Strategic Outreach and Attraction Reserve (SOAR) Fund show that 1,846 jobs were created in 2025 among 10 companies awarded a collective $1.74 billion in large taxpayer subsidies. That's less than 13% of the 14,559 new jobs various firms promised to create over the course of several years under SOAR agreements with the Michigan Economic Development Corp. But the new jobs represent the first hiring under Gov. Gretchen Whitmer's flagship corporate incentive program since it launched in 2022 following bipartisan support in the state Legislature. Dow Inc. also retained 5,028 jobs, staying on pace to keep at least 5,000 jobs in Michigan through 2032 in exchange for a $120 million grant to modernize two Midland-area facilities. Including Dow, companies awarded SOAR subsidies have promised to create or retain a total of 19,599 jobs. The new hiring didn't stop lawmakers from defunding SOAR for this budget year. Republicans and some Democrats ar
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