GOP intends to cut MEDC funding…what does this mean for businesses?

Check out this article on Republican lawmakers’ plans to cut the budget of the state agency responsible for awarding incentives to companies that hire new workers and expand facilities in Michigan. The Michigan Economic Development Corp uses the funding to help subsidize job creation efforts. According to the GOP, these cuts are necessary to balance our state budget and ensure funding is being properly allocated. In total, the Senate plan reduces general fund spending on grants for businesses by $38.5 million.

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What are your thoughts? What does this mean for you and your business? Contact C&G today!

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