News Story

$757 Million In Taxpayer Funds Handed To A Few Lucky Companies This Year

Michigan officials project that for the 2017-18 fiscal year, the state will write checks totaling $757.9 million to companies that received grants authorized under one program operated by the Michigan Economic Development Corporation, the state agency in charge of business subsidies.

These are actual cash outlays, using tax dollars paid by other state taxpayers to cover checks written to recipients, who include automakers.