Font size:
The Michigan Economic Development Corp. will no longer include estimates of indirect job creation in announcing its corporate welfare and other subsidy handouts.
“It’s definitely a step in the right direction,” James Hohman, fiscal policy analyst, told The Kalamazoo Gazette. “The numbers they report are fictitious and unverifiable.”
An investigation of the MEDC in 2009 by Hohman and Fiscal Policy Director Mike LaFaive found that less than one-third of the jobs the agency has claimed would be created have actually come to fruition.
A former state senator went so far as to say the MEDC’s press releases “are an absolute disconnect with reality,” according to Michigan Capitol Confidential.
Get insightful commentary and the most reliable research on Michigan issues sent straight to your inbox.
The Mackinac Center for Public Policy is a nonprofit research and educational institute that advances the principles of free markets and limited government. Through our research and education programs, we challenge government overreach and advocate for a free-market approach to public policy that frees people to realize their potential and dreams.
Please consider contributing to our work to advance a freer and more prosperous state.
