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Economic Development
The Michigan Economic Development Corporation: A Review and Analysis
By
Michael D. LaFaive
and
James M. Hohman
, published on Aug. 31, 2009
Video by Kathy Hoesktra, Mackinac Center communications specialist
Contents
Executive Summary
Introduction
The Rationale for Government Economic Development
What Is the Michigan Economic Development Corp.?
Financing the MEDC
Functions of the MEDC
Administration
Job Creation Services
Jobs for Michigan Investment Program: 21st Century Jobs Fund
Michigan Promotion Program
Economic Development Job Training Grants
Community Development Block Grants
Michigan Film Office
Business Incubator Program
Key Programs of the MEDC
The Michigan Economic Growth Authority
MEGA’s Basic Performance Data
Previous Findings
A New Review of the Data
Case Studies
Assessing MEGA’s Economic Impact
From Performance to Effectiveness
A Shift-Share Analysis of the MEGA Program
Exploring the Economic Findings on MEGA
The Possibility of Political Behavior
The Trend Toward — and Away From — Transparency
The Data Necessary to Measure MEGA’s Performance
MEGA Summary Spreadsheets
MEGA’s Annual Reports to the Michigan Legislature
A Summary of the Loss of Available MEGA Data
A History of Murkiness at the MEDC
Bipartisan and Nonpartisan Concerns
Dubious Claims and Reluctant Disclosure
The Importance of Transparency
Why MEGA Matters
Other MEDC Programs
Broadband Development Authority
Michigan Film Office
A Violation of State Law’s Reporting Requirements
The MFO’s Questionable Numbers
The MSU Study Fails to Include Costs
Literature Review and Analysis
The Economic State of Our State
Production, Wealth and Employment
Migration
CEO Magazine 2008 Survey
Conclusion and Recommendations
Eliminate the Michigan Economic Development Corp.
Lesser Reforms
Eliminate the Michigan Economic Growth Authority
Eliminate the Michigan Film Incentive
Program Reductions and Improved Transparency
Appendix A: A Sample of Correspondence With the MEDC
Appendix B: A New Mackinac Center Database on MEGA
Visteon as an Example
Appendix C: Technical Appendix for Shift-Share Analysis
More by Michael D. LaFaive
History, Economics and Right-to-Work
Transparency Law Escapes Big Labor Chokehold
More by James M. Hohman
Multiplier Analyses Often Abused
A Matter of Perspective
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