Michigan is giving Ford Motor Co. an extra year in its deadline for investment and job creation at a scaled-down electric vehicle battery factory in Marshall as EV uncertainties abound, according to a deal executed last month.
Under the agreement, the Dearborn-based automaker is clear to start collecting cash disbursements from a taxpayer-funded $141 million grant before any jobs are created, as the incentives are tied to investment milestones.
There is one other condition, though. Ford must pay roughly $4.5 million in “project resizing costs” to general contractor Walbridge before it can request cash from the state…