A recently released Mackinac Center study about the ineffectiveness of the Michigan Economic Development Corp. is receiving state and national media attention.
The Michigan Senate voted to allow the MEDC to award more special favors and subsidies to hand-picked companies — rather than reforming the state's tax, regulatory and labor climate in a way that would benefit all businesses — despite the fact that Center research shows fewer than one-third of the jobs promised by the MEDC come to fruition. The study also found that every $1 million in manufacturing tax credits given in a particular Michigan county is associated with the loss of 95 manufacturing jobs in that county. The Senate approved the additional money despite the fact the MEDC used up its allotment of tax credits for 2009 several months ago.
In the decade since the MEDC was created, Michigan has fallen from 16th to 41st among states in per capita GDP and is the only state with a negative GDP growth. Per capita personal income among the states has fallen from 16th to 34th and is now 11.2 percent below the national average, the lowest point it has been since the Great Depression.
Here is a partial list of print and broadcast media in which the AP story appears:
Let Them Work: Solutions for Michigan’s Overbearing Occupational Licensing Laws
Your Tax Return Fundraises For These Nonprofits
Karl Marx the Most Assigned Text at Michigan Colleges
West Virginia House Vote Could Tip National Scale on Right-to-Work
February 5, 2016 MichiganVotes Weekly Roll Call Report
Little Evidence That Unions Make Workers Safer