Friday, June 25, 2010

It's All Relative When You Border Michigan

Indiana Commerce Secretary Mitch Roob has been put on the defensive by his legislature regarding IEDC (Indiana Economic Development Corporation) tax credits. A particular issue is the 42 failed projects awarded tax breaks totaling about $10.3 million since 1994, for which the state is pursuing collections.

What's funny about this is the stark contrast to the circus in neighboring Michigan. Indiana's fretting over a program that over 16 years, and over 1,000 projects, has given $10.3 million in tax credits to 42 initiatives that didn't create the jobs expected. Contrast that to Jennifer Granholm, who gave away $9 million in a single project to a felon, and had a press conference to showcase the thing.

Whoever Michigan's next governor is, he should check out what's going on over his southern border. The fiscal discipline alone could be enough to entice many employers.

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