This week, the Michigan House and Senate are both holding hearings on the Michigan Economic Development Corp. after a convicted embezzler on parole duped the Michigan Economic Growth Authority into offering his company a $9.1 million tax credit. The real issue they should examine is not whether the occasional criminal wins an "incentive" deal, but the lack of transparency that characterizes this entire operation.
The Mackinac Center's Michael LaFaive has recommended specific reforms to correct this transparency deficit. If these hearings are about actually fixing problems rather than covering up an embarrassing misstep, lawmakers will take a close look at these proposals and compare them to actual MEDC practices. The contrast will be stark.
LaFaive's transparency recommendations include:
Read the full list here.
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