Michigan Gubernatorial candidate Pat Colbeck was interviewed earlier this year on a number of issues.
A couple of choice quotes:
Essentially the state has deemed it upon itself to play venture capitalist with taxpayer money to the tune of about a billion dollars. It’s about halfway split between MEDC and Michigan Strategic Fund. … I propose broad-base tax incentives that honor Article I, Section I of the Michigan Constitution, which means that our policies are meant for the equal benefit of all of our citizens.
Right now, with these venture capitalist approach to economic development, like the ones you mentioned, the only people that get the deals are the ones with the ears of the power brokers up in Lansing, … it’s turned into more of an “old friends and family discount” than something that benefits all the citizens of Michigan. It’s something that I’m vehemently opposed to.
Businesses thrive when you lower the total cost of doing business, which is confirmed if you click here and read this article. One of the major costs for businesses is the cost of government, and we can get into some of the other costs here down the road here, but health care is another one and energy is another one, and if you can lower all three of those costs, you actually create an economic development incentive package that’s not picking winners and losers; that applies to everybody equally.
When folks ask if it is possible for someone to represent ‘everyone.’ I say this last part is how its done.
The full transcript is available at Michigan Capitol Confidential’s site.