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MEDC's New Program: Government Funding Government

City of Ypsilanti will benefit from MEDC's $50,000

… enterprises will receive any of the $50,000 MEDC is kicking in to a “crowdfunding” … governments. Instead, a total of $100,000 will be turned over to the … anymore.” In response to questions MEDC Spokesman Mike Shore referred … Ypsilanti.” ~~~~~ See also: MEDC Boss Says Agency Changing; … more

State Agency Has 52 Employees Who Earn More Than $100K

State Rep.: 'The MEDC's track record in picking winners is poor'

… Corp. with annual salaries of $100,000 or more. That is a roughly … percent increase over the 31 MEDC employees that topped $100,000 in 2010, the last year Jennifer … "public" MEDC employees who made $100,000 or more and the 40 "corporate" … president and CEO Michael Finney was $257,500.36. In 2012, Finney was … more

Bonfire of the Bureaucratic Vanities

MEDC should publicize its failures, too

… marketplace and invest taxpayer dollars in the winners is fraught … indicates Cherry Growers still owes $2.6 million in state-backed loans. … investment to our state,” then-MEDC president Michael Finney noted … recommending this loan, the MEDC also supported, in the same … grant (on which it collected $100,000) even though its own application … 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. Debra Dansby, the chief … more

Project Gets $100,000 Taxpayer Subsidy, Creates Zero Jobs, Firm Returns Just $26,000

Officials had boasted ‘additional good-paying jobs for years to come’

… programs. The initial award was for $325,000 and was premised on the … operations in Michigan, invest $1 million in headquarter renovations … add 65 new employees. The MEDC’s then-CEO Michael Finney said … out that way. According to MEDC’s 2017 annual report to the … initiated a repayment of the $100,000 portion of the grant that … more

Number of State Employees Who Make $100,000+ Up 50 Percent Under Snyder

At top of state government, the rich get richer

… of Michigan's payroll made $100,000 or more. By 2015, the number … increases was in the number making $126,000 or more, which is where … employee salary last year was $57,171. While the vast majority … earmarked to the agency. The MEDC has 19 employees who are paid $100,000 or more, led by its director, … 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. Debra Dansby, the chief … more

This Newspaper's Headline Says It All

… employees" ForTheRecord says: If the MEDC were an actual employee, you’d wonder … reportedly has 52 employees making $100,000 or more. And a 2013 review by Michigan's … the Auditor General looked at two MEDC job creation programs and found only … report found one company that the MEDC projected would create 600 jobs ended … more

Michigan Governor Touts Jobs Costing Taxpayers $113,000 Each

… mention one fact: It was the $374 million price tag in federal … meaning the taxpayers paid about $113,000 per job. "This company … invisible losers." A123 was awarded $249 million grant from the U.S. … Act.  The company also received $125 million in state incentives … general has shown that the MEDC's job projection can be often … more

House Road Plan Leaves Plenty of Money for Pure Michigan Campaign

Threats that plan to fix roads jeopardizes state's tourism campaign is a red herring

… millions of increased income tax dollars off the table that would otherwise … provision that would transfer $187 million from corporate welfare … campaign, which is overseen by the MEDC. That claim is unwarranted. The MEDC budget is $400 million annually, … with salaries in excess of $100,000 - decided not to fund it. … more