Michigan's $2Billion in Incentive Funding: Other ways of developing long-term advanced manufacturing (i.e. DC Cluster Model)

A news article came out today that I thought was really interesting. It discusses the way Michigan has been incentivizing its advanced manufacturing industries. In many ways, these seem related primarily to EV development. Considering that this field is likely going to impact other fields such as space design, military and household goods such things as lawn mowers, it makes sense to focus on the root production of some technologies. That may also require looking at resources as a way to attract future FDI in other sectors beyond the incentivizing itself. 

(I look at this stuff from a cluster standpoint and putting together the components for innovation and growth. Sometimes you just have to try new things. One of the reasons why multiple stakeholders might be interested in the Delta County Cluster Model as one method to foster a rapid development model as one way to beat out international competition in manufacturing. Not to mention as a way to develop our capacities. Micro manufacturing, prototype and design.)

Michigan funneled $2B into luring big business. Here’s where it went.

Economic Vines
Some wither some flourish

What I kind of find interesting, is that it is possible to increase FDI in manufacturing through the development and exportation of raw materials as well. You can read the report below. It does make a case for resource development as a contributory augmentation of manufacturing. Thus, I would sort of think of raw materials as being a big part of development. Thus, one will want to ensure that they have a balance between U.S. based raw and precious materials mining and those obtained through investment in locations overseas to help procure a stable supply of those resources. One might call this a supply chain development practice. Anyway, the study is below (Remember one really has to look at many studies to understand a situation. I'm just saying I might draw a little knowledge from this study).....

Does foreign direct investment influence manufacturing sector growth in Middle East and North African region?

One might wonder, beyond attracting manufacturing from incentivizing is it possible to capitalize on 1.) new supply chain and infrastructure developments to secure our natural (and precious) resources as well 2.) connect resource suppliers to the U.S. supply chain systems for supply chain security and efficiency?

Its an unsupported idea but sometimes its worthwhile to look at other ways to raise FDI beyond incentives to create longer term sustainable growth. We can't incentivize forever so incentivizing is pinpointed to initial growth but state management by our bi-partisan stakeholders makes a bigger mid and long-term differences. For example, being strategic about which countries can supply our EV and advanced manufacturing should be tied to our systems and domestic development to maintain the supply chain in the event of emergencies is helpful. (Other reading. Export Nation, Regional Exports)