By Jarrett Skorup | Michigan Capitol Confidential
Michigan’s former flagship economic development program was used for years by politicians on both sides of the aisle to tout job creation projections. But a review of the program shows those jobs rarely materialized.
Of the 434 Michigan Economic Growth Authority credits approved for new jobs from 2005 to the end of the program in 2011, only 10 projects met or exceeded their estimated job counts. In other words, just 2.3 percent of MEGA projects met or exceeded expectations.
at Michigan Capitol Confidential.