Three years after lawmakers created the Strategic Outreach Attraction Reserve Gov. Gretchen Whitmer said would “create tens of thousands of good paying jobs,” not a single one has materialized.
Michigan taxpayers have shelled out more than $670 million to five multibillion companies to prop up the electric vehicle and renewable energy industries in Michigan with a promise to create a total of 8,812 jobs, but a report from the Michigan Economic Development Corporation that oversees the spending shows zero “actual qualified jobs created.”
“The program was poorly designed from the start,” said James Hohman, director of fiscal policy at the Mackinac Center for Public Policy. “It allows companies to cash in on taxpayer subsidies without having to create jobs. Lawmakers must wait years to ask for taxpayer money back if deals fail to deliver. It’s good that House lawmakers are working to redirect this money to roads.”
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