State Offers Corporations $593,913 On Average To Create A Single Job
New Mackinac Center study questions the return from corporate handouts
The state of Michigan’s economic development programs have offered corporations and developers an average of $593,913 a year to create a single job.
That is among the findings of a new study from the Mackinac Center for Public Policy on the effectiveness of three large business subsidy programs operated by the Michigan Economic Development Corporation.
The study examined 1,890 subsidy offers going back to the 1980s, not all of which actually came to fruition. The Mackinac Center study used how much businesses were offered in place of how much money in subsidies were distributed because the MEDC will not release that information in some cases.
Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.