Results 1 to 100 of 120
Democrat Contradictions: Corporate Tax Breaks Bad, But Incentives for Hollywood Good
Dems criticize MEDC, but want to give more money to millionaire movie moguls
… giveaways.
"The MEDC is a slush fund the … empty promises. The MEDC for far too long has … office is part of the MEDC.
"Politicians of … more
MEDC Consultant Busted for ‘Recycling’ Reports
… for
more investment in MEDC programs. Specifically, … Kentucky involving the MEDC
s winning bidder, a … in
response to an MEDC request for proposal … recycled version of the
MEDC
s own deeply flawed … more
Three Cheers for Michigan House Democrats
Questioning MEDC transparency is the right thing to do
… latest salvo against the MEDC was inspired, at least … information from the MEDC.
I don
t think the … actually argued the MEDC should lose its funding … hold these guys at the MEDC accountable to taxpayers, … more
Lawmaker Says 'Willful Neglect' Is the Rule at Embattled State Agency
… oversights.
"MEDC has implemented enhanced … records, such as W-2s," MEDC spokeswoman Bridget … skeptical.
"The MEDC is failing in administrating … Hohman said the MEDC failed to verify the … more
According to Beneficiaries, All Government Spending Is Worth the Investment
… third-world countries. The MEDC
s analysis showed that … more
Senator Says MEDC Should Stop Believing Its Own Press Releases
… hearing, Cassis told MEDC CEO Greg Main, "The
press … reality."
Michael
Shore, spokesman for the MEDC, didn't respond to an … comment.
Cassis
said the MEDC didn't seem too concerned … would require
the MEDC to state in its news … more
Thirty-One MEDC Salaries Top $100K
… Information Act request, the
MEDC has 31
employees making … $100,000 or more. The MEDC has
351
positions.
Greg … president and CEO of the MEDC, had the top salary, … $150,000.
The MEDC was structured to incorporate … more
MEDC Questioned About Its Transparency
Questions about how tax dollars spent could warrant new legislation
… budget. On June 13, 2011, MEDC sent him
a document … supplies."
The
MEDC
describes itself
as … most recognized of the MEDC's responsibilities is … Michigan.
The MEDC website also has a section … more
MEDC Removes Video of Obama, Top Dems Praising Failed Battery Company
YouTube promotion showed Obama, Granholm, Levin and Stabenow promising thousands of jobs
… few weeks ago, the MEDC made all of its promotional … been raised about the MEDC
s
lack of transparency
.
The … Michigan Advantage, the MEDC
s (now defunct) YouTube … their operations. The MEDC previously promoted … more
State Economic Development Group Has Little To Do With Job Success
Analyst: 'Right-to-work’s success will be determined by Michigan’s overall economic performance'
… been ringing at the MEDC since we passed that … Hohman warned that the MEDC has little say in how … the activities of the MEDC."
Companies opening … By comparison, the MEDC announced in March 2013 … more
MEDC Still Using Questionable Benchmarks
'What they are about is trying to find press release opportunities for politicians'
… were reported by the MEDC were actually created. … reality.
Despite that, the MEDC is using "jobs committed" on its 2012 MEDC MIScorecard Performance … is unclear why
the MEDC would continue to use … more
Spotty Track Record Doesn't Stop State Agency From Doling Out Deals
General Motors has 'created' fewer jobs than promised on 5 of the last 6 MEDC-partnered projects
… the state.
The MEDC's most recent beneficiary … Warren Tech Center. The MEDC is planning to amend … projections involving the MEDC has not been good. In … a tax deal with the MEDC in May 1999 for retaining … more
MEDC Programs Consistently Fall Short of Initial Claims
Michigan's 'corporate welfare' arm perpetually exaggerates its numbers
… exists instead.
The MEDC oversees the 21st
Century … programs overseen by the MEDC have not lived up to … more
Corporate Welfare to Increase $20M
Governor's 2013 proposed budget released Thursday. more
Interlocal Agreements – Good Intent, Bad Practice
… governments, the
MEDC
is a liaison with … state.
But the
MEDC
does not provide public … government like the
MEDC
.
ILA
s have … more
State Government Has Poor Record Predicting Jobs
… administration reported that the MEDC claimed to have created … more
Thirty-One MEDC Salaries Top $100K
… Information Act request, the MEDC has 31 employees making … $100,000 or
more. The MEDC has 351 positions.
Greg … president and CEO of
the MEDC, had the top salary, … $150,000.
"The MEDC was structured
to incorporate … more
Michigan's Job Loss Apocalypse Averted!
No thanks to the 'Department of Corporate Welfare.'
No thanks to the "Department of Corporate Welfare." more
MEDC Response
… jobs.
Michael Shore, MEDC spokesman,
provided … more
MEDC vs. Kentucky
Michigan offers tax incentives worth five times the competition's
… Saginaw. At the time, the MEDC stated that GlobalWatt … the
table before the MEDC offered its incentives.
My … administration and the MEDC is desperate for any
good … LaFaive said.
The MEDC
knows their press releases … more
Gas Tax and Fee Discussion Worth Having
… investment, something the MEDC probably
hasn
t … more
Michigan Gives Unfair Tax Handouts To Try and Counter 'Right to Work' States
Democratic Rep. ignores millions in special deals for company picking Michigan over Tennessee
… Michigan without the MEDC tax handouts. That video … private
on a MEDC website.
In a
column … deal."
"Without the MEDC, this facility wouldn't … Gitter said.
An
MEDC
memo
said Ralco … more
Commentary: 'Corporate Welfare' Hype Yields Few Economic Results
The companies promoted by the MEDC on Youtube are in financial trouble
… failures.
The MEDC video on car battery … Vieau, praising the MEDC and former Gov. Jennifer … government loan.
The MEDC video on a film studio … million
.
An MEDC video on converting … more
Commentary: Meet the New MEDC, Same as the Old MEDC
… scoop:
In September, the MEDC issued a
request for … government (and/or MEDC) should spend to
be … of course, is to use MEDC
s preferred tools of … and/or validate the MEDC
s method of defining … more
A Bipartisan Disaster: Michigan 'Corporate Welfare' Program Rolls On
State's attempts at economic development costs plenty, returns little
… bureaucrats.
The MEDC
s website contains … promises panned out. The MEDC doesn't issue press … millions of dollars in MEDC handouts and lost tax … channel created by the MEDC itself, containing interviews … more
LG Chem: A Look Back At the Failed Predictions
Company generated more press releases than batteries
… jobs.
In a statement, the MEDC
said the state hasn
t … battery project. To date, MEDC has not issued any credit … Mackinac Center, said the MEDC that oversees the state … most recent report the MEDC gave on LG Chem was … more
Analysis: MEDC Letter an Admission of Failure
… specifically references the MEDC's Michigan Economic … average. If this is the
MEDC's idea of success, we … failure.
In March, the MEDC offered a refundable … a credit card, the MEDC placed him on stage … more
Bad Week for Michigan Corporate Welfare Machine
… creative sectors."
MEDC Head Greg Main chimed … e-mails written by MEDC staffers were revealed … after receiving its own MEDC special treatment promises … ~~~~~~~
Another MEDC official, Michael Shore, … more
State Gives Company $1.65 Million, Creates Zero Jobs and Goes Out of Business
Investment fund designed for 'creation of new businesses or industries'
The Perils of Politicians' Promises
… 2010 and, citing the MEDC itself through September … claims posted by the MEDC amounted to one-third … listed below.
MEDC Programs Consistently … note: A call to the MEDC seeking comment was … more
MEDC-Endorsed Bet on Horse Track Now Under Investigation by Wayne Co.
… employees. However, an MEDC memo dated Sept. 23, … independent contractors." The MEDC
memo states the course … racecourse.
The MEDC estimated that the project … in tax credits.
MEDC spokesman Michael Shore … more
A123 Files for Bankruptcy
Yet another failure of central planning
… eventually taken down by the MEDC but saved by CapCon.
Despite … more
GlobalWatt Claims on Applications for MEGA Deals Disputed, Raise Questions About MEDC Scrutiny
State Should Investigate GlobalWatt’s Claims, Says Center Analyst
… investigations by both the MEDC and the
Attorney General's … Senator Says MEDC Should Stop Believing … more
Good, Bad and Ugly of Gov. Snyder's Budget
Gov. Rick Snyder’s first budget fell short of the “atomic bomb” promised by Lt. Gov. Brian Calley, in part due to the fact that a megaton of further spending and tax cuts were left on the table. Overall, the budget moves the state in a positive direction with greater tax simplicity, more transparency, less corporate welfare and fewer discriminatory tax policies.
moreEmbattled Agency in Charge of Special Tax Favors Snaps at Critics
… businesses.
The MEDC's
open letter
comes … audit that found the MEDC awarded tax credits … that a $38 million MEDC tax credit program in … estimates that the MEDC gave out $150 million … more
Lawmaker Says $150 Million in Unearned Tax Credits Given Out by State
… the credits or the MEDC just gave them credits … more
Special Deals Yield Far Fewer Jobs Than Projected
About nine months before an Auditor General's report questioned the accuracy of job projections in tax incentives handed to companies by the state, the Mackinac Center for Public Policy did its own study highlighting the problem.
The Mackinac Center study states that for every 1,000 jobs companies projected they would create, about 294 jobs were actually created, on average — about 29 percent.
That report was vindicated by the Auditor General report that was released April 23. The report looked at company projections from 2005 through 2007 and concluded that about 28 percent of projected jobs came to fruition.
more
Balance Increased Road Spending with Cuts
Tax, spending cuts should be pursued
… This figure is the MEDC
s own conservative … revenue available. The MEDC oversees the state's … $75
million
. The MEDC's Jobs Fund was conceived … theme of this and other MEDC programs, meaning that … more
Everyone Loves Tax Cuts
If liberals don't believe tax cuts create jobs, why do they support corporate welfare programs?
… largest program of the MEDC is the
21
st
Century … Liberal
loved the MEDC
at least when it … more
State Websites Give History a Rewrite
… there is a link with MEDC CEO Greg Main's statement … "Statement by Greg Main, MEDC President and CEO."
But … more
Google Jobs Lacking, Yet Some Locals Still Consider It a 'Badge of Honor' for Ann Arbor
… first five years.
An MEDC press release stated, … announcement.
According to the MEDC, Google brought in 163 … would yield. Using the MEDC's tax credit formula, … companies involved in MEDC tax credit deals fall … more
'Protect Our Jobs' Could Increase Gov't Secrecy
… intransigence see
MEGA, the MEDC and the Loss of Sunshine
, … more
GlobalWatt: How Corporate Welfare Hurts Real People
… Raise Questions About MEDC Scrutiny
MEGA … more
Despite Lack Of Jobs and Repeated Broken Promises, Legislature Proposes Extension Of Corporate Welfare Program
21st Century Jobs Fund has past jobs and audit failures; Senate looks to continue
… vice president at the MEDC acknowledged the numbers … to
www.MichiganVotes.org
.)
~~~~~
See also:
MEDC Programs Consistently … more
State’s Economic Central Planning Agency Behaving Differently Under New Leadership
… staffing requirements. The MEDC shortened the company
s … (www.MIRSNews.com), the MEDC reduced by one year … zone.
MEDC spokeswoman Karla Campbell … punitive
action the MEDC could take.
But … more
State Loans Often Losers
… "uncollectible."
The MEDC doesn't expect almost
33 … does make money, the MEDC can get its money back.
For … example, in 2009 the MEDC
stated that it has … also:
Senator Says MEDC Should Stop Believing … more
Predictions of Success Are Public - Failures Are Secret?
Michigan Economic Development Corp. very open with predictions of success, growing more secretive with news of failure
… effectiveness of
the MEDC's tax credits has come … of the 10
jobs the MEDC claims will be created … report. She questioned MEDC CEO Greg Main about … reality."
The MEDC's responses
to requests … more
Land Bank Loans Often Losers
… "uncollectible."
The MEDC didn't expect almost … last year.
The MEDC stated it will either
write … does make money, the MEDC can get its money back.
For … example, in 2009 the MEDC
stated that it had … more
Lawmaker Lobbies Against Lobbyist
… lobbyists.
The MEDC has been
embroiled … Alliance, said the MEDC having its lobbyist
prowling … with regard to the MEDC.
State Rep.
Tom … Shore,
spokesman for the MEDC, said there are two … more
No Audits for Ten Years on Companies Getting Special Tax Breaks from State
… Wednesday.
Greg Main of the MEDC said that is now changed … Hills, estimated the MEDC may have given out $150 … 1995 to 2005 because MEDC officials didn't believe … tax credits and the MEDC staff had a close relationship … more
Bouchard 'Would Not Hesitate' to End State's Economic Central Planning Agency
… dogged critic of the MEDC for more than a decade. … relations effort
by the MEDC took place during the … it says."
The MEDC definitely has something … Growth Authority
the MEDC's primary method of … more
Green Bus Biz Fails: Government Planners Pick a Loser … and Stick With It
… becomes clearly perilous. MEDC officials reached out
to … backed out.
One top MEDC official reached out … then
vice president at the MEDC, wrote in a March 2, … wrote in an email to MEDC staff.
However, … more
Inflated Jobs Numbers Cost Michigan Taxpayers $7.7 Million
Over-reported numbers from Michigan's two largest auto companies
… in an audit of the MEDC performed by the CPA … working to make sure MEDC convinces me that this … McMillin said.
The MEDC was criticized in two … jobs
issue shows the MEDC
s tax credit program … more
An 'Expensive Game' Providing the 'Illusion of Creating Jobs'
State economic development czars trusted the job projections provided by horse race track seeking special tax treatment
… be reviewing another MEDC project that
has become … over 30
years. The MEDC trumpeted this project … reality."
Is the MEDC giving away taxpayers' … job estimates? The MEDC didn't respond to e-mails … more
Analysis: Follow the Money - No Wonder Corporate Welfare Bosses So Defensive
… 2008).
Prior to his MEDC appointment Finney was … also:
Thirty-One MEDC
Salaries Top $100K more
State Officials 'Stretch' the Law to Award Special Tax Deal to Troubled Business
… be reviewing another MEDC project that has become
mired … over 30 years. The MEDC trumpeted
this project … of the deal by the MEDC led to queries
from … of
the race track. The MEDC touted the project as … more
Super Speedway Notches Second State Subsidy
… favored business.
MEDC spokeswoman Michelle … $972,500 came from the MEDC
s investment
income … gaming casinos gave the MEDC as part of
a deal … Mackinac Center, said the MEDC was
splitting hairs. … more
Troubles for Track Were Known to State Before It Granted Special Tax Deal
… claimed.
In 2008, the MEDC
approved up to $48 … operating.
The MEDC operates in
relative … deals years later. The MEDC claims that the
actual … of the deal by the MEDC.
The more than … more
Horse Race Track Says Wayne County “Perfectly Comfortable” With Controversial Land Deal
… Two Years
MEDC-Endorsed Bet on Horse
Track … Raise Questions About MEDC Scrutiny
Mackinac … Against
Lobbyist
MEDC: 'Stop Pointing Out … State
Thirty-One MEDC Salaries Top
$100K
State … more
Owner of "One Dollar" Race Track Property Was Not Sent Tax Bills for Two Years
… credits. In a memo, the MEDC
stated its analysis … languish."
~~~~~
See also:
MEDC-Endorsed Bet on Horse
Track … Against Lobbyist
MEDC: 'Stop Pointing Out … State
Thirty-One MEDC Salaries Top
$100K
State … more
MEGA Careful?
… But this wasn't the MEDC's first
major gaff
this … on RASCO prepared by MEDC staffers shows just … Memo"
prepared by MEDC bureaucrats suggests … single network."
MEDC Briefing Memo
: "RASCO … more
Debate: Could Union Costs Be Pricing Michigan Out of Auto Jobs?
… it not been for the MEDC
s handouts.
MEDC memos received through … unions.
But the MEDC
s own briefing memos … example, a July 20, 2010, MEDC memo made its case for … more
Legislation needed to address MEGA audit findings
… Development Corporation
(MEDC) officials - who oversee … encouraged that the MEDC has made some corrective
actions … year alone.
If the MEDC and the governor
created … about the impression of MEDC
inflating job creation … more
State Taxpayers May Eat $1.6 Million Loan for Defunct Green Bus Company
… from the state. The MEDC had approved Fisher … Agencies
Senator Says MEDC
Should Stop Believing … Releases
Analysis: MEDC
Letter an Admission … more
State Taxpayers Eat $350K Loan for East Lansing Property Purchase
… approval
from the MEDC to forgive $350,000 … Community
Development, said the MEDC forgave half the loan.
Bridget … spokeswoman for the MEDC, didn't return an e-mail
seeking … more
State Taxpayers Eat $350K Loan for East Lansing Property Purchase
… got approval from the MEDC to forgive $350,000 … Development, said the MEDC forgave half the loan.
Bridget … spokeswoman for the MEDC, didn't return an e-mail … more
Bad News About State Jobs Program "Not Heard" by Granholm
… deals announced by the MEDC came to fruition.
And … more.
A month later, the MEDC made headlines when … senator challenged
MEDC CEO Greg Main
to
stop … creation numbers that the MEDC was citing in its
press … more
Michigan's Mixed Messages on Trade With China
… Whalen, the former MEDC director of international … businesses.
The
MEDC went on six trips from … in an e-mail:
"MEDC
and its predecessor … better
integrated with MEDC staff and local partners, … more
Lawmaker Says ‘Willful Neglect’ Is the Rule at Embattled State Agency
… oversights.
"MEDC has implemented enhanced … payroll
records, such as W-2s," MEDC spokeswoman Bridget … skeptical.
"The MEDC is failing in administrating … Hohman said the MEDC failed to verify the … more
Projections vs. Reality — Should Politicians Make Job Creation Claims?
… News researched the MEDC's job claims under Gov. … and reported that the MEDC claim for total jobs … the practice
of the MEDC quoting
indirect … more
Are Michigan's Emergency Financial Managers Overpaid?
EFMs paid far less than other municipal workers
… then-president and CEO of the MEDC Greg Main had the top … Debra Dansby, then the MEDC
s chief operating officer, … the new CEO of the MEDC and has a salary
of … more
'Schizophrenic' State Planning
Horse racing industry is both victim of state efforts to kill gambling and beneficiary of state efforts to subsidize gambling
… reviewing
another MEDC project that has become … over 30 years. The MEDC trumpeted this
project … Years
MEDC-Endorsed Bet on Horse … Disputed,
Raise Questions About MEDC Scrutiny
Mackinac … more
The Lowdown
… this implies that the MEDC is a typical Business … contest."
The MEDC and many other state-based … Growth Authority, the MEDC's primary tool for granting … value. To date, the MEDC has not refuted a single … more
Upper Hand’ Michigan Economy Not Enough to Help Jeff Daniels’ Theatre
… and said that
the MEDC could give the
upper … help.
But while the
MEDC
trumpeted the advertisement
s … Daniels
ads collected, the MEDC touted the state
s … more
“Funny Numbers”
Critics of special business subsidies say state’s economic planners use shaky data to make decisions
… Shore, spokesman for the MEDC.
In other words, … job
projections in
MEDC press releases occurred … Cassis, R-Novi, to tell MEDC CEO Greg Main,
The … more
Analysis: Republican Vows — Seven Lean Years Later
… findings
MEDC: 'Stop Pointing Out … Failures'
Thirty-One MEDC Salaries Top $100K
MEDC-Endorsed Bet on Horse … more
GOP Gov Candidates Kick Around Issues at Debate
… said he'd move the MEDC into the governor's … said he'd move the MEDC into the governor's … and he'd cancel the MEDC's advertising budget … more
What's in a Number? Job Projections Inflated as 'Job Years'
A case study in how media and researchers can exaggerate economic impact findings
… Development Corp. (MEDC) projected the battery … example, in 2007, the MEDC used an economic model … Ann Arbor. But if the MEDC had used job years, … projections in the MEDC
s internal memos. And … more
Lawmaker Says Special Tax Favors Are 'Cronyism'
… HOUSE?
MEDC needs accountability, … Editorial
MEDC outdoes fiasco - Traverse … Gov. Granholm defends MEDC tax credits
MEDC: 'Stop Pointing Out … more
Dems' Plan: Scale Back Select Corporate Tax Credits They Already Voted For
Do the same people who overwhelmingly supported these credits have the political will to go back and cut them?
… Confidential Coverage of the MEDC
Cost to … Billion
Senator Says MEDC
Should Stop Believing … more
Gov. Granholm Touted Jobs Costing Taxpayers $113,000 Each
… has shown that the MEDC
s job projection can … projections by the MEDC only occurred 28 percent
of … more
Michigan Governor Touts Jobs Costing Taxpayers $113,000 Each
… has shown that the MEDC's job projection can … projections by the MEDC only occurred 28 percent … more
“…Funny Numbers They Pull Out of Their Backside”
Critics of special business subsidies say state’s economic planners use shaky data to make decisions
… Shore, spokesman for the MEDC.
In other words, … job" projections in MEDC
press releases occurred … Nancy
Cassis, R-Novi, to tell MEDC CEO Greg Main, "The … more
Critics Shoot at Special Tax Deal for Super Speedway
… Media Respond to
MEDC
Complaints Over … Purchase
MEDC
Letter an Admission … State
MEDC
Failures Lead to … more
Analysis: State of Embarrassment
… "3,000 new jobs"; an
MEDC analysis
suggested … announcements
.
The MEDC should be eliminated … more
E-mails Reveal That Film Office Chief Agrees With Criticisms of Embattled Studio Project
… credit."
Mike Shore, the MEDC spokesman, replied that … and Growth for the MEDC, wrote, "Two step process … more
Government Pay Outpaces Private Sector
… $90k
Thirty-One MEDC Salaries
Top $100K
We … more
One of America's 'Most Governed' States
… www.MichCapCon.com/13333
Thirty-one MEDC salaries top $100,000: … more
Mackinac Center Investigation Leads to Criminal Charge
… have exposed if the MEDC had not constructed … more
The Lowdown
… Development Corp. The MEDC is the state's main … LaFaive noted that the MEDC's media release displayed … discovered that the MEDC was going to give special … Michigan without the MEDC assistance. MIRS notes … more
A123 Logs Its Own List of Failures
Like Solyndra, hundreds of millions in government subsidies didn't stop company from going bankrupt
… company also used a MEDC tax credit to offset … Shore, spokesman for the MEDC, and A123 Systems Spokesman … more
Hangar42 Studios' Incentives Raise Questions
… about the deal. The MEDC denied the request, … phone calls to the MFO, MEDC and principals went … more
GlobalWatt Sells Someone Else’s Solar Panels – on eBay
… Raise Questions About MEDC Scrutiny
MEGA … more
Analysis: Horse Racetracks Are Beneficiaries and Victims of State's Gambling Schizophrenia
… Years
MEDC-Endorsed Bet on Horse … more
MEGA Questions Surround GlobalWatt
… RASCO
scandals), the MEDC should be
particularly … have been detected had MEDC staff exercised
due … Lynch-Morin describes the MEDC's insistence that it … strongly suggest that
MEDC's review processes may … more
Mackinac Center Investigation Leads to Criminal Charge
… we
have exposed if the MEDC had not constructed … more
License to Work: A National Study of Burdens from Occupational Licensing is the first national study to measure how burdensome occupational licensing laws are for lower-income workers and aspiring entrepreneurs.
Michigan has one of the most burdensome licensing requirements. Our state forces people to take classes and pay money to the state for things like painting, floor sanding, cutting hair and low-level carpentry. Few other states require that.
