Indiana economist says focus on low taxes and less regulations has been a bust
Over the past few decades, Indiana has often been cited as a strong economic model for neighboring Michigan.
Michigan economic developers, business lobbyists and mostly Republican lawmakers have long envied the Hoosier State’s business-friendly policies that include low taxes, light regulation and aggressive business attraction tactics.
Those elements apparently helped Indiana best Michigan in winning a $2.5 billion electric vehicle battery plant to be built in Kokomo by automaker Stellantis and joint venture partner Samsung SDI. The plant is expected to employ 1,400 workers when it starts production in 2025.
Local officials in Kokomo told Crain’s Detroit they believe Indiana’s favorable business climate, particularly its mild environmental regulations, played a key role in landing the battery plant.
Read more: https://michiganadvance.com/2022/05/30/rick-haglund-indiana-economist-says-focus-on-low-taxes-and-less-regulations-have-been-a-bust/