Search for “medc”
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State Agency Has 52 Employees Who Earn More Than $100K
State Rep.: 'The MEDC's track record in picking winners is poor'
… percent increase over the 31 MEDC employees that topped $100,000 … newsletter, reported the new MEDC salary numbers, which it said it obtained from the MEDC. In its article, MIRS made … distinction between the 12 "public" MEDC employees who made $100,000 … Corporate employees at the MEDC are primarily paid from Indian … more
State Agency Says '#MichiganIsAuto,' But the Economy Has Changed
The MEDC is #outoftouch with Michigan's economic diversity
Democrat Contradictions: Corporate Tax Breaks Bad, But Incentives for Hollywood Good
Dems criticize MEDC, but want to give more money to millionaire movie moguls
… referring to when mentioning the tax giveaways.
"The MEDC is a slush fund the governor uses to funnel tax … programs that actually work, not empty promises. The MEDC for far too long has wasted tax dollars on proposals … Begnoche confirmed that her office is part of the MEDC.
"Politicians of both parties score points with … more
Senator Says MEDC Should Stop Believing Its Own Press Releases
… senate hearing, Cassis told MEDC CEO Greg Main, "The press releases …
Michael Shore, spokesman for the MEDC, didn't respond to an e-mail seeking comment.
Cassis said the MEDC didn't seem too concerned that … legislation that would require the MEDC to state in its news releases …
MIRS News researched the MEDC's job claims under Gov. Jennifer … more
Lawmakers Looking At MEDC Transparency
… Although the amount of funds the MEDC spends annually has been significantly … millions of taxpayer dollars.
The MEDC has a history of investing … Economic Development Corporation (MEDC)."
"Economic development and … pronounced with entities, like the MEDC, that are involved with promotion.
Over the years, the MEDC has acquired a reputation for … more
A Case Study in Ineffectiveness for the MEDC
Lawmakers pass a budget cutting the agency
… businesses and industries. The MEDC has a dreadful track record. … $16 million. Predictably, the MEDC was not happy, saying this … money saved by cutting the MEDC budget will have a greater … have been some changes at the MEDC, two recent cases raise questions … “responsibly balances” the MEDC’s programs with other items … more
Pressure Mounting For MEDC Transparency
House Democrats call for scrutiny of corporate welfare programs; accountability for tax dollars
… allies — House Democrats.
The MEDC is a government authority that … of Michigan. For years, the MEDC has been criticized for a lack … right to find out whether the MEDC is spending tax dollars wisely … that is supposed to make the MEDC more transparent.
In fact, … provisions to recover the money the MEDC spends on poorly performing … more
Cut Corporate Welfare Before Social Welfare to Fund Roads
Michigan debates spending MEDC or EITC money on transportation
… transfers $187 million from the MEDC's corporate welfare programs … plan, however, does not touch MEDC funding.
Leaders in both bodies … point would be to embrace the MEDC cuts of the House plan.
“Michigan … Center for Public Policy. “The MEDC consumes hundreds of millions … unlikely to budge, cutting MEDC subsidies might be another … 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
… create jobs in the state.
The MEDC's most recent beneficiary is … company's Warren Tech Center. The MEDC is planning to amend an existing … job projections involving the MEDC has not been good. In five … Motors got a tax deal with the MEDC in May 1999 for retaining 1,511 … facility, according to the MEDC.
Not all the deals the MEDC … more
Commentary: 'Corporate Welfare' Hype Yields Few Economic Results
The companies promoted by the MEDC on Youtube are in financial trouble
… crony capitalism failures.
The MEDC video on car battery assembler … CEO, David Vieau, praising the MEDC and former Gov. Jennifer Granholm … million government loan.
The MEDC video on a film studio proposal … as high as $100 million.
An MEDC video on converting the former … and thanks Gov. Granholm, the MEDC and local governments for their … more
MEDC Still Using Questionable Benchmarks
'What they are about is trying to find press release opportunities for politicians'
… jobs that were reported by the MEDC were actually created. In April … reality.
Despite that, the MEDC is using "jobs committed" on its 2012 MEDC MIScorecard Performance Summary … success.
It is unclear why the MEDC would continue to use a benchmark …
Michael Shore, spokesman for the MEDC, was asked how "jobs committed" … more
MEDC Questioned About Its Transparency
Questions about how tax dollars spent could warrant new legislation
… Michigan budget. On June 13, 2011, MEDC sent him a document that was … the costs of supplies."
The MEDC describes itself as "a public-private … the most recognized of the MEDC's responsibilities is Pure Michigan. … things going on in Michigan.
The MEDC website also has a section … Genetski and others say the MEDC often doesn't fulfill that … more
MEDC's Priority: Defend Its Budget
When faced with criticism, it's discredit first, read the critique second
… and leisure industry.
The MEDC's response has been to seek … articles in this series, the MEDC has granted several no-bid … provide evidence that the MEDC’s programs are not only unfair … contradicted claims by the MEDC and Longwoods that the campaign … according to emails from the MEDC obtained in response to a Freedom … more
The MEDC’s Pure Michigan Puffery: Part II
Reforms could make agency more credible
… percent in one year.
If the MEDC (and Travel Michigan) ever … would the work of a reshaped MEDC look like?
First, an independent … Legislature’s auditor general — not the MEDC itself — should be responsible … impact studies. Officials at the MEDC currently have too much incentive … (For more, see “Meet the New MEDC, Same as the Old MEDC.”)
Second, … 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 … and non-state funds," wrote MEDC Spokeswoman Bridget Beckman … more
MEDC: The Same Old Run Around On Jobs Numbers
… Granholm was in office, the MEDC dodged questions about the … researchers and even lawmakers, the MEDC typically responded by sending data … those seeking answers from the MEDC were, in essence, being told … brought some changes to the MEDC, which is a quasi-governmental … transparency for which the MEDC acquired a reputation under … more
What Would it Mean to Unleash the MEDC?
Lawmakers should keep the state's administrators on a tight leash
… short-term thinking at its best, but it would be one way to unleash the MEDC.
The state’s already doing some of that. Two programs passed last year … tested way to grow the economy and justify taxpayer costs. Unleashing the MEDC is not about creating a conducive business environment to foster broad-based … more
MEDC Programs Consistently Fall Short of Initial Claims
Michigan's 'corporate welfare' arm perpetually exaggerates its numbers
… investment, but the trend of failing to meet expectations exists instead.
The MEDC oversees the 21st Century Jobs Fund. In a 2008 press release, then-Gov. … Jobs Fund programs. Other economic development programs overseen by the MEDC have not lived up to claims made by state officials.
The Renewable Energy … more
A Plea for Skepticism about the MEDC: An Open Letter
Lawmakers should take a closer look at economic development programs
… exempt data in a way that make MEDC programs look more successful than they really are. The MEDC should not be allowed to hire … added.)
In other words, the MEDC’s consultants eliminated from … sleight-of-hand exercise is not an MEDC one-off.
The MEDC has hired consultants in the … more
Company Defaults on $300,000 From State For Project, Repays $45,827
MEDC had boasted grant proved ‘the success of our strategy’
… Southfield.
In a contemporaneous report by Crain’s Detroit Business, then-MEDC CEO Michael Finney praised the grant to NEMO, and two other grants as well. … Southfield. The company did not respond to multiple requests for comment.
MEDC spokesman Otie McKinley said, in response to an emailed request for explanation, … more