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It Was 25 Years Ago Today - Michigan's Big Corporate Welfare Experiment

Marking a MEGA Anniversary

… better known by its acronym, MEGA. The MEGA is a selective business subsidy … it. It’s worth a review of MEGA for no other reason than a … his administration birthed MEGA. I remember distinctly the … three formal analyses of the MEGA program, which helped lead …

‘But For’ Can’t Be Proved: Corporate Welfare is a Waste

New MEGA not costless, despite assurances

… explained in the blog article, “MEGA Tax Credits Are Not Without … the proposed legislation “New MEGA” for the similarities it has with the original MEGA law. The fact is apologists … hearing about the proposed New MEGA, the same “but for” arguments … Stamas, R-Midland: “This is not a MEGA. This does not take other taxpayer …

Legislature Considers Reopening a Closed Business Subsidy Program

Good Jobs For Michigan is a repackaged MEGA

… essentially a repackaged version of MEGA. It shares a large number of features … the payments to companies in the new MEGA are disclosable to taxpayers, while old MEGA is still considered confidential tax … sounds and acts like the old, failed MEGA program.

New Corporate Welfare Proposal is Unfair

'Good Jobs for Michigan' a repeat of failed MEGA program

… favors were paid out via the old MEGA program — in that case, via … for Michigan” is basically MEGA 2. The new bill’s text contains … they did with the original MEGA law. Such transfers do more … In 1995, one of the first MEGA deals ever struck went to the … required by law to say that it was MEGA that made the difference in …

Kmart Property is MEGA Reminder Not to Extend Subsidy Program

Good Jobs for Michigan is modeled after the failed MEGA

… Economic Growth Authority — or, MEGA — program. The GJFM program … allowed to sunset before it, like MEGA itself, costs taxpayers billions … itself was offered and accepted MEGA incentive deals and still failed … programs cost. For Kmart’s second MEGA deal, in 2000, the state’s … have been published about the MEGA program and four of them found …

Extensive Study of Michigan Economic Growth Authority Finds Weak Track Record and No Significant Economic Effects

Approaching authority’s 10th birthday, econometric model finds no net state- or county-level impact; authors question MEGA job figures

… Corp. may receive an offer from MEGA of state tax credits today, … morning finds, "In aggregate, the MEGA (tax) credits (to businesses) … Technology. In their study, titled "MEGA: A Retrospective Assessment," … provide an extensive review of MEGA’s track record during the past 10 years, noting that MEGA originally projected that the …

MEGA Deserves No Credit for Good Economy

… government jobs program called MEGA deserves some credit for Michigan's prosperity. MEGA stands for Michigan Economic … move jobs to Michigan. Does MEGA work? Research shows that it … than one percent—said that MEGA tax credits influenced their … create jobs in Michigan. When MEGA does have an impact on job …

Let the Sun Shine In

Specific MEDC/MEGA Transparency Recommendations

… recommendations include: Restore an "All MEGA Projects" spreadsheet the agency … abatements offered to each MEGA project. Publish a monthy MEGA jobs tally by project for companies … actually provided jobs and earned MEGA tax credits (as opposed to … Publish detailed reports on MEGA deals similar to those of the …

News Release: MEGA and MEDC Growing “Aggressively Less Transparent,” Says Center Analyst

Center database will fill gap by providing information about each MEGA deal

… released a Policy Brief titled, "MEGA, the MEDC and the Loss of Sunshine." MEGA, the Michigan Economic Growth … "The MEDC in general and the MEGA program specifically have gotten … contrast between the annual MEGA activity report submitted to … direct jobs allegedly created by MEGA and the indirect spin-off jobs …

A MEGA Loss of Sunshine

If you are having problems viewing this video, please use the alternate video player. The Policy Brief discussed in this video — "MEGA, the MEDC and the Loss of Sunshine" — is available here.