State money used to attract events and conventions to Michigan

Aug 27, 2014

Guinness International Champions Cup match Manchester United vs Real Madrid in Ann Arbor on August 2, 2014.
Guinness International Champions Cup match Manchester United vs Real Madrid in Ann Arbor on August 2, 2014.
Credit user: NHN_2009 / Flickr

State money is being used to attract everything from a Jehovah's Witnesses convention in Detroit to an international soccer match in Ann Arbor.

Detroit Free Press business columnist Tom Walsh, notes that the Michigan Economic Development Corporation has spent more than a million dollars this year to bring in things like conventions and sporting events.

Walsh says it's a common practice and could generate a lot of state tax revenue from out-of-state visitors.

Walsh says the payback from the first few events is about $20 million in state tax revenue.

Tuesday the Michigan Strategic Fund OK'd another $1 million for the program through Sept. 15, 2015.

Read more in Tom Walsh’s article in the Detroit Free Press.

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