Whereas: The Michigan Economic Development Corporation breeds an incestuous flow of taxpayer money between politicians, lobbyists, paid consultants, and corporate insiders; and
Whereas: The Michigan Economic Development Corporation actions take from the poor to give to the rich; and
Whereas: The Michigan Economic Development Corporation job creation forecasts have continually been found to be a worthless indicator of the tiny number of actual jobs created with the massive sums of taxpayer money; and
Whereas: According to data compiled by the New York Times, the State of Michigan spends over $6.65 billion each year on corporate welfare programs - or $672 for every man, woman, and child; and
Whereas: According to the Mackinaw Center for Public Policy, From 2000 through 2009, when the MEDC and its programs were in full flower, Michigan was the only state in the union with a negative growth rate.
Therefore: We, the undersigned, demand that our elected officials vote for H.B. 4194 to defund the Michigan Economic Development Corporation.