Editorial
June 9, 2016
Need A Microscope to Find the Corporate Welfare Jobs in Michigan's Economy
Press releases roar, subsidies bring forth a mouse
The Michigan Economic Development Corporation announced that state business subsidies would create 1,916 jobs in the third quarter of 2015. Those 1,916 projected jobs are dwarfed by the normal and ongoing churn of the state economy. And the job promise numbers are probably overstated too: A September 2013 report by the Office of the Auditor General said that only 19 percent of those projected MEDC jobs ever came to fruition.
Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.
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