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MEDC's New Program: Government Funding Government

City of Ypsilanti will benefit from MEDC's $50,000

… receive any of the $50,000 MEDC is kicking in to a “crowdfunding” … governments. Instead, a total of $100,000 will be turned over to the … anymore.” In response to questions MEDC Spokesman Mike Shore referred … Ypsilanti.” ~~~~~ See also: MEDC Boss Says Agency Changing; … There is No Good Reason the MEDC Should Exist Beer Website … more

Bonfire of the Bureaucratic Vanities

MEDC should publicize its failures, too

… investment to our state,” then-MEDC president Michael Finney noted … recommending this loan, the MEDC also supported, in the same … grant (on which it collected $100,000) even though its own application … happened. But that didn’t stop the MEDC from recommending in 2014 the … to perform as expected, the MEDC should issue a press release … 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 Main, president and CEO of the MEDC, had the top salary, at $200,000. … salary, at $150,000. "The MEDC was structured to incorporate … more

State Agency Has 52 Employees Who Earn More Than $100K

State Rep.: 'The MEDC's track record in picking winners is poor'

… with annual salaries of $100,000 or more. That is a roughly … percent increase over the 31 MEDC employees that topped $100,000 in 2010, the last year Jennifer … newsletter, reported the new MEDC salary numbers, which it said it obtained from the MEDC. In its article, MIRS made … more

Michigan Governor Touts Jobs Costing Taxpayers $113,000 Each

… the next ten years." But the state's auditor general has shown that the MEDC's job projection can be often times way off the mark. A state audit found job projections by the MEDC only occurred 28 percent of the time. Michael LaFaive, director of the … more

Number of State Employees Who Make $100,000+ Up 50 Percent Under Snyder

At top of state government, the rich get richer

… people on the state of Michigan's payroll made $100,000 or more. By 2015, the number of six-figure employees … casinos that have been earmarked to the agency. The MEDC has 19 employees who are paid $100,000 or more, led by its director, Steven Arwood, who … more

Project Gets $100,000 Taxpayer Subsidy, Creates Zero Jobs, Firm Returns Just $26,000

Officials had boasted ‘additional good-paying jobs for years to come’

… add 65 new employees. The MEDC’s then-CEO Michael Finney said … out that way. According to MEDC’s 2017 annual report to the … initiated a repayment of the $100,000 portion of the grant that … permanent jobs that resulted. The MEDC, responding to an email request … 2011 through May 2017, the MEDC awarded nearly $400 million … 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 Main, president and CEO of the MEDC, had the top salary, at $200,000. … salary, at $150,000. “The MEDC was structured to incorporate … more

Bad Santa: Trump Risks Cronyist Blowout with Carrier Incentives

Draining the swamp by creating new ones

… are also expensive to run. The agency in charge of granting those huge MEGA subsidies had 31 individuals on its payroll who collected more than $100,000 a year. Then there’s what Nobel economist Friedrich Hayek dubbed “the fatal conceit,” that government central planners can accurately pick economic … more

This Newspaper's Headline Says It All

… employees" ForTheRecord says: If the MEDC were an actual employee, you’d wonder … reportedly has 52 employees making $100,000 or more. And a 2013 review by Michigan's … the Auditor General looked at two MEDC job creation programs and found only … report found one company that the MEDC projected would create 600 jobs ended … more