Podcasts & RSS Feeds
Most Active Stories
- No, Chinese investors aren't 'buying up Detroit' – but they do have an eye on the Motor City
- The average Michigan family needs $52,330 a year to 'make ends meet'
- Here are our 10 favorite photos of what your winter looks like
- Michigan's Attorney General is risking his political future over the gay marriage case
- What all the snow and ice will mean for Great Lakes water levels
Politics & Government
Thu January 24, 2013
Governor hopes to rely less on state incentives for future jobs
Governor Rick Snyder was on hand to help celebrate as the Michigan Strategic Fund approved state-paid incentives to 14 new business projects.
The governor said lower taxes, fewer regulations, and a skilled workforce should make incentives less necessary in the future. But he said state assistance still has to be part of the mix.
“We’ve got a good environment now, but if you see a big spike in demand, you could actually see that number go up before it goes down, but longer term – yes. Shorter term, if we have outstanding opportunities with great projects, I think we should be pro-active about making sure we’re getting those jobs in Michigan,” said Snyder.
Governor Snyder was very critical of Michigan’s incentives before he was elected. The state now offers grants instead of tax breaks to companies that promise to create jobs.
This round of incentives is supposed to attract more than $1 billion in new investment and almost 4,600 jobs.
There are currently 413,000 unemployed jobseekers in Michigan.