Comparing various kinds of economic development initiatives for their impact on jobs and economic growth often isn’t easy. And that’s especially true for two primary incentive programs Michigan has used in recent years; the Michigan Economic Growth Authority and the 21st Century Jobs Fund. MEGA was a fairly straightforward tax credit program used from 1995 […]
tax credits
Posted inBusiness Watch
Snyder builds tax plan on complicated tax credit math
The Snyder administration’s plan to give tax relief to businesses by reducing the personal property tax rests … on the end of tax breaks for businesses. Yes, you read that correctly. Over the next several years, Michigan will stop sending hundreds of millions of dollars of business-tax credits out the door. The corresponding expected increase […]
Posted inBusiness Watch
Agriculture's growth real, but not the stuff of myth
Late last winter, Gov. Rick Snyder officially dubbed March 17, 2011, as Michigan Agriculture Day. The proclamation lauds the industry as “the source of virtually everything we eat each day,” and says it plays a “key role in the growth and reinvention of Michigan’s economy.” It’s one of the ways that Snyder has singled out […]