The state agency in charge of Michigan’s business subsidy programs recently announced giving $1 million in grants to 41 select small businesses. The Match on Main program of the Michigan Economic Development Corporation is projected to support 75 full-time and 153 part-time jobs, according to a press release put out by Gov. Gretchen Whitmer’s office.
The numbers of potential new jobs from government subsidies and giveaways pale in comparison to the magnitude of the state economy's regular, ongoing job churn. In 2019, there were 805,976 jobs that disappeared from a state economy that then employed 4.4 million. But in that same year, another 820,173 new jobs appeared, leading to a net gain of more than 14,000 over the previous year.
After 19 months of a COVID-19 pandemic, in October 2021 there were 4.2 million jobs in Michigan.
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.