The state’s flagship corporate welfare scheme — the Michigan Economic Growth Authority — will end Jan. 1, according to The Flint Journal. “It created job announcements but no jobs,” Michael LaFaive, director of the Center’s Morey Fiscal Policy Initiative, told The Journal. “That’s the only way to facilitate …
The Michigan Economic Growth Authority is the "flagship" program … deals. [72] "Michigan Economic Growth Authority Act," (Michigan … Ibid. [75] "Michigan Economic Growth Authority Act." [76] … 13, 2001," (Michigan Economic Growth Authority, 2001). [77] … 20, 2004," (Michigan Economic Growth Authority, 2004). [78] …
The Michigan Economic Growth Authority was created by the Engler administration and Michigan Legislature in 1995. It was a refundable business tax credit. In addition to receiving tax credits, companies were often offered additional state-level incentives, such as property tax abatements or job training …
… leading proponents of tax breaks for business — at least for particular firms selected by the political appointees on the board of the Michigan Economic Growth Authority. Ironically, it was Schauer's opponent — incumbent Gov. Snyder — who ended this tax break program, albeit replacing it with a smaller …
… taxpayer costs, and those costs have economic impact as well. The Mackinac Center's 2009 study of the issue found negative results from the Michigan Economic Growth Authority program, since ended but considered the "flagship" of such efforts at the time. Thus, the cost of chasing after special deals is larger …
… Michigan Business Development Program, something the Mackinac Center has studied at length. The MBDP was created to replace the failed Michigan Economic Growth Authority program, and it was supposed to create jobs by handing out taxpayer-funded subsidies to companies state bureaucrats deemed worthy of …
… business subsidies by lowering the state’s personal income tax rate. Before 2012, the state’s primary business subsidy program was the Michigan Economic Growth Authority program. It offered refundable tax credits to businesses that located, expanded or retained jobs in Michigan. For many companies, the …
