Legislation has been introduced in Lansing to abolish the Michigan Economic Development Corporation, but would that be a good idea?
State Representatives Steve Carra and Jay DeBoyer, who introduced the legislation, say the agency is wasteful and and ineffective. They point to a study by the by the Mackinac Center, which found the MEDC has a job creation success rate of 9%, despite the billions it’s awarded to businesses expanding in Michigan.
However, state Representative Joey Andrews tells us losing the MEDC would put Michigan at a competitive disadvantage. He says it provides businesses interested in moving to the state a one-stop shop for the support they need.
“ I think there’s work we can do there, but this idea that we should eliminate it seems

WSJM

Idaho Business Review
Reuters US Top
Reuters US Business
Raw Story
Associated Press US and World News Video
Reuters US Domestic
AlterNet
WSAZ NewsChannel 3