What Economic Development Transparency Should Look Like
Monday, January 13, 2014
State lawmakers are considering an extension of Michigan's "21st Century Jobs Fund" program, which would be unfortunate. At the very least, this and other "legacy" corporate welfare programs must provide much greater transparency.
Taxpayers should be able to see what they've gotten for the special benefits previously authorized for particular corporations and developers, which will continue to flow for a number of years.
Specifically, the Michigan Economic Development Corp. must be required to regularly report how much is being handed out and to whom by these programs — not just the amounts initially authorized. The information should be provided at the individual project and agreement level.