Brighton appears to be one of the first communities in Michigan to lose jobs due to Rick Snyder's plan to "reinvent" Michigan.
Fronius USA, a solar company with its American headquarters in Brighton, says it is moving to Indiana due to tax incentives, where it plans to create 512 jobs by 2016. The state of Indiana said its offer of $4.25 million in tax credits and other incentives prompted the move.
Snyder is getting rid of incentives and instead cut business taxes by $1.7 billion by dumping the taxes on senior citizens and the poor. But even though Fronius, as a limited liability corporation, would not owe income taxes in Michigan under the new law, it's not enough to keep the company in Michigan.
The Michigan Economic Development Corporation is trying to figure out exactly what happened and why, which doesn't exactly inspire a lot of confidence in Snyder's operation.
Brighton isn't the only city to lose jobs due to Snyder's "reinvention" of Michigan. According to the Detroit News, Spartan Motors Inc. is moving some its operations from Michigan to Indiana, too.
Let's hope this is not the start of a trend.
Showing posts with label Michigan Economic Development Corporation. Show all posts
Showing posts with label Michigan Economic Development Corporation. Show all posts
Monday, June 27, 2011
Wednesday, January 5, 2011
Now We Know What 'Shared Sacrifice' Looks Like
It's becoming clear what "shared sacrifice" is going to look like in Republican Rick Snyder's administration -- a 25 percent raise for managers.
The Detroit Free Press reported Tuesday (January 4, 2011) that Snyder had hired Michael Finney to run the Michigan Economic Development Corporation at an annual salary of $250,000 -- 25 percent more than the $200,000 Gov. Jennifer Granholm had paid his predecessor. And Finney gets 18 percent of his salary on top of that for deferred compensation.
But Finney is still making a "sacrifice" because he was paid $259,000 a year in his private sector job.
Where is the additional $50,000 going to come from in a time of state budget deficits? Out of the hides of the secretaries, administrative assistants, data crunchers, and other employees of state government. They'll be doing the sacrificing and Finney will share in the proceeds.
I get it now.
The Detroit Free Press reported Tuesday (January 4, 2011) that Snyder had hired Michael Finney to run the Michigan Economic Development Corporation at an annual salary of $250,000 -- 25 percent more than the $200,000 Gov. Jennifer Granholm had paid his predecessor. And Finney gets 18 percent of his salary on top of that for deferred compensation.
But Finney is still making a "sacrifice" because he was paid $259,000 a year in his private sector job.
Where is the additional $50,000 going to come from in a time of state budget deficits? Out of the hides of the secretaries, administrative assistants, data crunchers, and other employees of state government. They'll be doing the sacrificing and Finney will share in the proceeds.
I get it now.
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