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Why you should never believe corporate welfare promises

Planners’ forecast for Ford plant was comically wrong; will anybody be held to account?

… the quality of the data being fed into it. In this case, the old programmers’ adage was precisely true: If garbage goes in, garbage comes out. The MEDC’s precise multiplier is based on a bunch of assumptions. Can state officials produce accurate assumptions? Ford bigwigs couldn’t accurately foretell … more

Ford pares back Marshall plant, and state incentives will follow

Automaker will hire 800 fewer people than planned; investment will shrink by $1.3 billion

… prep work. The CIP grant, Renaissance Zone exemption and PA 198 industrial property tax abatement will be reduced in step with the project downsizing, MEDC spokesman Otie McKinley said. Officials have not said how much the taxpayer money would be pared back. Ford is teaming up with a Chinese firm, CATL, … more

D-Day ship left adrift by Muskegon politics

$2.8M in state earmarks spark battle over legislative intent

… Agency. The $1.5 million grant would pay for land cleanup and improvements, MEDC official Jake Eckhold told MLive in 2021. The next fiscal year, lawmakers … not spent in accordance with the grant agreement must be returned to the MEDC.” But the relationship between the city and Mart Dock grew worse over time. … more

Recipient of $65M confident Marshall project will resume

Since Monday, three top officials have portrayed Ford pause as a tactic in UAW negotiations

… Michigan site and we need to allow the Ford Motor Co. and UAW to continue their negotiations,” Messer, chairman of the strategic fund and head of the MEDC, told the board Tuesday. All told, the $3.5 billion project could have already received as much as $270 million in corporate welfare of the $1.7 billion … more

Despite Ford ‘pause,’ board approves $65M for Marshall site

BlueOval Battery Park could have received as much as $270M of $1.7B in corporate welfare already

… and we need to allow the Ford Motor Co. and UAW to continue their negotiations,” Quentin Messer Jr, chairman of the strategic fund and head of the MEDC, told the board Tuesday. A call to the Marshall Area Economic Development Association went unreturned. more

Gotion is ‘wholly owned’ by a Chinese company, and 2 other takeaways from its foreign-agent filing

Gotion’s FARA declaration contradicts its articles of association

… staffers from both EGLE and the Michigan Economic Development Corporation. On Jan. 30, three EGLE staffers were on the call, and four were from the MEDC. On a phone call about environmental issues, the business development team outnumbered the environmentalists. The final outcome of those discussions … more

Michigan grants $500K for electric boat charging solutions

Michigan Tech will study how far boaters can travel from their home docks before needing to recharge

… is to “put Michigan at the forefront of future-proofing sustainable maritime transportation.” Six projects received grant funds from the state. The MEDC announces them as follows: Arc, a California-based electric boat manufacturer will receive $20,000 to conduct technology demos and demonstrate the … more

Michigan offered company $28B in corporate welfare, and still didn’t land it

Cash incentive offered to Micron was bigger than Michigan’s budget for state police and corrections

… included a 50-year property tax break amounting to about $23.8 billion in tax savings for the company over the lifetime of the abatement, according to the MEDC. That tax break would be offset at least partially by a negotiated payment in lieu of taxes. Michigan made “the largest known offer” of incentives … more

MEDC asks $5,700 for nondisclosure agreements

Government-by-NDA has been business as usual in Michigan. But the Mackinac Center insists on transparency

… agreements exist on corporate welfare deals? The MEDC’s preliminary response to the FOIA request offers … window, but it leaves many questions unanswered. The MEDC refers to 5,572 “sides” of paper that need to be … agreements, when, and why? Whitmer? Lawmakers? MEDC staff? Who, specifically? What did they attest … more

CapCon’s Michigan Constitution Project: What we hope to achieve

In 2023, Michigan Capitol Confidential will study the state constitution

… (2022), involved state subsidies to corporations. The court asked the Mackinac Center to file an amicus brief on the statutory question of whether the MEDC had to disclose the full amount it had promised to General Motors. The Mackinac Center’s brief pointed to Article 9, Section 23 of the Michigan Constitution, … more

Are Michigan’s corporate giveaways masking the state’s real problem?

Why do Michigan’s biggest companies require state subsidies to expand here?

… project has been approved by the MEDC’s board, and the House Appropriations … Albert, R-Lowell, had pressed the MEDC to explain what safeguards … job?” Albert also asked. The MEDC’s Josh Hund said the projected … supported by the transfer, the MEDC could work to claw back some … portion of the grant funds,” MEDC attorney Christin Armstrong … more

We are not as divided as we think

When it comes to government spending, there’s got to be a better way

… Michigan Economic Development Corporation. The MEDC, a state agency, took taxpayer dollars and then … income of over $59.7 billion since 2014. While the MEDC acted in the name of 'we the people,' it also signed … timeframe? How many people agree that letting the MEDC fork over $28.6 million in tax credits and direct … more

Michigan Legislature gave cover to GM, MEDC on tax credits

Transparency is Mackinac work. How the Mackinac Center Legal Foundation spoke up in favor of the public’s right to know.

… ensure the amount given to GM remained a secret. A lawsuit against the MEDC by Detroit resident David Sole challenged this secretive arrangement and … influencing whether the agreements get modified and in what matter?” The MEDC must report to the Legislature on how much the company receives. Only a … more

‘Mostly false’: Freep: Whitmer’s claims of 25K auto jobs are based on announcements, not jobs

But for the watchdog media, you might not realize Michigan has lost auto jobs, not gained them

… (let alone promised) is meaningless, unless you know how many were lost. Hendrickson writes: Leddy and Michigan Economic Development Corporation (MEDC) spokesperson Otie McKinley provided a list of dozens of companies that have collectively promised to create more than 25,000 jobs in Michigan’s auto … more

Will Shovel-Ready Land Help Michigan Compete for Electric Vehicle Jobs?

Michigan is losing its 'home court advantage' with the Detroit auto industry

… “Michigan must create a new ‘home court’ advantage,” reads a line of the MEDC announcement. The package of bills also included the critical industry … Michigan was never a true contender for the Kentucky and Tennessee jobs, the MEDC has admitted. The Whitmer administration argued that the incentives and … more

‘Economic Development’ Week Skips the ‘Development’ Part

Corporate welfare claims are grand, but the results are practically nonexistent

… was preserved on video at the MEDC website. Granholm said numerous … bought by a Chinese company. The MEDC deleted its video of the press … similar fate happened to many MEDC-supported alternative energy … administration. While the MEDC promotes its state-subsidized … subsidized through various MEDC programs were created. But … more

State Paid Company To Create Michigan Jobs — Or Move Them Elsewhere

One of Granholm’s failed electric car battery deals

… Systems keep the benefits even if it relocated almost half the jobs out of Michigan within three years of collecting its tax credit. This meant that the MEDC agreed to give the company taxpayer dollars for jobs that could have been shipped out-of-state. A123 Systems filed for bankruptcy in October 2012. … more

Agency Praised For Subsidizing 40 Jobs; In 2019 State Gained More Than 800,000

… breaks to a relative handful of corporations and developers. A Dec. 2 press release issued by Gov. Gretchen Whitmer's office extolled a decision by MEDC officials to give $240,000 to a company called Auto Supplier TÜV SÜD America to set up a battery testing facility it says will create 40 jobs in Auburn … more

Giving Taxpayer Dollars to Some Corporations A Lucrative Business For These Nonprofits

The MEDC, the state’s corporate welfare agency, has local partners

… total revenue of $7.14 million that year. Quintin L. Messer, the CEO of the Michigan Economic Development Corporation, collects $287,000 annually. The MEDC is the state government agency that cooperates with local corporate subsidy agencies by helping steer state tax revenue to projects in their own region. … more

Granholm Brings Michigan’s Failed Green Energy Subsidies To Washington

Former governor, now U.S. energy secretary, visits state promoting same plan as if it worked

… ever reported. The state recovered $6 million of what it gave to the company. Sakti3 is a lithium battery company that received $3 million from the MEDC to develop battery technology. Company owner Ann Marie Sastry was invited to meet President Barack Obama. The company was bought by Dyson for $90 million, … more