Michigan Capitol Confidential - Posts

Michigan Capitol Confidential - Posts

Michigan Capitol Confidential

"The Michigan Economic Development Corporation administers the state’s corporate welfare programs.
The MEDC approves the spending of taxpayer dollars for select private businesses.
Here’s the list of euphemisms the agency uses to describe giving out taxpayer dollars in its various reports it produces:

· Refundable tax credit

· Assignable tax credit

· Tax voucher

· Tax capture

· Tax increment financing

· Withholding tax capture certificates

· Grants

· Awards

· Incentives

· Investment

· Reimbursement

· Capital access

· Capital committed and called for investment

· Funds allocated and disbursed

· Revenue participation

· Loans

· Loan participation

· Loan enhancement

· Loan guarantees

· Forgivable loans

· Convertible loans

· Equity financing

· Collateral support