Audit Shows Companies Falling Short of Promises

By: Associated Press
By: Associated Press

A new audit finds that some companies given hundreds of thousands of dollars in state tax credits in Michigan didn't always live up to their agreements on how much they would pay workers.

The Michigan auditor general's report released Monday covered the period of Jan. 1, 2005 through August 2009.

It says the Michigan Strategic Fund allowed companies to estimate the wages they would pay workers over an entire year rather than requiring them to meet agreed-to weekly average wage requirements.

It also says procedures to audit tax credits awarded by the Michigan Economic Growth Authority weren't effective. MEGA and the Strategic Fund are overseen by the Michigan Economic Development Corp.

MEDC says it largely agrees with report and found the recommendations valuable. is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. Comments may take up to 24 hours or longer to appear on the site.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 92119269 -
Gray Television, Inc.