Tag: MEDC (page 4)

Spoken like true Michiganders... all it takes is other peoples money moving free markets to unnatural settings for appeasing their altruistic wants.

"We know it's important for us ... to get these young people before prospective employers," Mike Finney, CEO of the Michigan Economic Development Corp., said Monday at Gov. Rick Snyder's 2013 Economic Summit in Cobo Center here. "We're starting to scale that up. We've got to start facilitating the connectedness to make these things happen."

The effort, based on a pilot program that aims to connect qualified technical school graduates with open jobs, is an extension of the governor's efforts to boost job creation, lower an unemployment rate hovering around 9 percent and encourage the state's business community to take a leading role in spurring economic growth.
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In an interview, the governor said economic development is about more than extending "tax credits. It's about people helping people." And the traditional system for matching the supply of talent to demand in the private sector "is broken, and it's not just broken in Michigan. It's broken nationally."

In that, the relentlessly positive Snyder sees opportunity. There's opportunity to keep graduates of Michigan's colleges and universities at home; opportunity to attract talent from other states if Michigan can develop a program to connect talent to employment; and opportunity to leverage the promise of a recovering economy.

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History fun factoids:

Michigan Gov. Rick Synder, who appointed Orr as emergency manager Thursday, was acquainted with Orr while at U-M. Snyder, who graduated with a law degree and MBA in 1982, reportedly met Orr during a snowball fight on campus.

If you're too stupid to figure the basics in life out, or that dishonest - you are the problem.

Rick, forgot to clearly state his main premise of the Big C - crony capitalism.

As we have seen recently, the Chinese were subsidized and transferred Battery Technology by Taxpayers through the likes of the MEDC and Federal programs interfering with free markets. It was pretty bad, but ..

It wasn't the first time.

A Michigan-based company slated to produce lithium-ion polymer batteries for electric vehicles has instead kept production overseas, has failed to meet job targets outlined in a $150 million grant from the federal government, and has been reimbursed by the government for $842,000 in wasted work time, according to a U.S. Department of Energy Special Report released Wednesday.

The DOE says Holland, Mich.-based LG Chem Michigan misused part of a $150 million in American Recovery and Reinvestment Act funds and has decided not to shift production from its plant in South Korea to Michigan. It painted a stark picture of wasted U.S. federal dollars.

"Until the shift in production takes place or some alternative use for the plant is developed, U.S. taxpayers will receive little direct benefit from a plant for which they provided up to half of the funding," the report said.

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