1. Act No. 516, Public Acts of 2002, p. 4.

  2. The savings figures listed here are greater than the those listed as actual appropriation figures in Act No. 516. This reflects dramatic increases in revenue to the Michigan Economic Development Corporation after Act No. 516 was passed into law.

  3. Bob Schneider and Barbara Graves, “Line Item and Boilerplate Summary, Career Development and Michigan Strategic Fund, Fiscal Year 2003,” December 2002, p. 20.

  4. This estimate is based on information provided by Howard Heideman, Manager of Tax Policy, Office of Revenue and Tax Analysis, Michigan Department of Treasury, on Nov. 4, 2002.

  5. Act No. 516, p. 4.

  6. Schneider and Graves, p. 20.

  7. Michael LaFaive, “State Job Sites Duplicates Services,” Michigan Privatization Report, Summer, 2001, p. 7, 12.

  8. Schneider and Graves, p. 21.

  9. Michigan Economic Development Corporation/Travel Michigan Advertising and Promotion document for the fiscal year 2002 obtained via the Freedom of Information Act. Lansing: October, 2002.

  10. Michael LaFaive, “A Tale of Two Sporting Goods Stores,” Michigan Privatization Report, Summer 2002, p. 8-9.

  11. Ibid.

  12. Schneider and Graves, p. 21.

  13. This section was adapted from Mackinac Center for Public Policy Viewpoint, “Government Economic Development Handouts Rob Peter to Pay Paul,” Feb. 7, 2000, accessible on the Internet at http://www.mackinac.org/2670.

  14. Act No. 516, p. 4.

  15. Ibid.

  16. Promissory Note dated Nov. 20, 2001 between GeneGo, Inc., a Delaware corporation, and the Michigan Economic Development Corporation, obtained through Freedom of Information Act, September, 2002.

  17. Michigan Economic Development Corporation Life Sciences Press Release Attachment, June 4, 2002, p. 1. Accessible on the Internet at http://medc.michigan.org/cm/attach/CF2F01DA-B1B4-4F72-A03A-AD64102DB833/6-5-2002_Life%20Science%20Awards.pdf.