Neighboring states are aggressively using incentives to attract and grow good paying jobs, and they have the numbers to prove it.
Legislation is needed to ensure Michigan can compete with other states by creating a job growth and attraction incentive that is:
If we cannot offer competitive economic incentives for major business investments, Michigan will continue to lose job growth opportunities to states like Indiana and Ohio.
This incentive is designed to attract large-scale projects with hundreds of high-wage jobs. In addition, the incentive will only be provided when the promised job growth is achieved, and the jobs numbers will be verified every year until the incentive expires.
The Good Jobs for Michigan program will simply consider whether or not a business can add hundreds of jobs with average or better wages.
The Good Jobs for Michigan program will use one simple criteria: will the business create hundreds of new, high-wage jobs? If the answer is yes, the business will qualify.
Businesses that receive incentives and the amount and duration of the incentive will be publicly reported and published on a state website.
Incentives will ONLY be provided when the promised job growth is achieved. Jobs numbers will be verified every year until the incentive expires.
Rather than favoring one industry over another, the Good Jobs for Michigan program will simply look at how that particular business will benefit Michigan.