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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

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