Michigan lawmakers are doling out taxpayer cash to corporations faster than any state in the nation, and it’s not even close. “From 2018-2023, Michigan spent twice as much on incentives as the #2 state,” David Guenthner, the Mackinac Center for Public Policy’s vice president for government affairs, posted to X Thursday, along with the data to back up his claim. “6x Texas, 8x Florida, 12x Tennessee. “All of those states are lapping Michigan in job creation and population growth,” he noted. “Because MI pols would rather subsidize @GM & @Ford than fix the damn roads.”
An attached chart from IncentivesFlow, “a Service from FDI Intelligence,” shows Michigan spent $2.663 billion in taxpayer-funded economic incentives over the six-year time frame. South Carolina, the next closest state, spent $1.6 billion, followed by California at $1.3 billion, Indiana at $1.215 billion, and Oregon at $1.013 billion.
The spending data follows just days after the Mackinac Center released a report titled “Front Page Failures” that exposes the futility of Michigan’s taxpayer-funded economic incentives. “Front page new stories in Michigan’s largest newspaper from 2000 to 2020 announced the creation of a total of 123,060 new jobs,” according to the report. “State reports show these deals created just 10,889 jobs in the end, a success rate of just 9%. Only one in 11 of the announced jobs in these front page stories ever came to fruition.”
Michigan Tops U.S. States for Corporate Welfare — More Than Double No. 2 South Carolina
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