84 Companies Offered $63.8 Million Michigan Taxpayer Dollars In 2016

Yet Gov. Snyder says he doesn't believe in 'buying companies into our states'

Gov. Rick Snyder

Taiwanese company Foxconn chose Wisconsin over Michigan and will collect $3 billion in cash subsidies and tax breaks from Badger State taxpayers over 15 years.

Reuters news service mentioned Michigan’s response.

Republican Gov. Rick Snyder told WJR radio: “You have to ask what price is Wisconsin paying to get them to come there? I don’t believe in buying companies into our states.”

ForTheRecord says: In 2016, the Michigan Economic Development Corporation approved giving $63.8 million state taxpayer dollars to 84 companies that promised to create 9,517 jobs. The giveaways were authorized by a "Michigan Business Development Program" Gov. Snyder proposed and the Legislature enacted in 2011.

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Obamacare repeal-and-replace is underway, and regardless of whether it passes or fails big, changes are coming for Michigan’s medical services and insurance industry, and the state’s social welfare system, especially Medicaid.

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