2010 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Sun, 7 Mar 2010 23:20:34 -0800 (PST)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] Michigan "tax incentive programs not effective"
 
Study: MEGA, other state tax incentive programs not effective

By Amy Lane
Crain's Detroit Business
March 4, 2010

A study released Thursday cites some key Michigan tax incentive programs as ineffective in producing jobs and tax revenue, compared with what would result from a change in tax rates.

The study by Anderson Economic Group L.L.C., commissioned by the Michigan Education Association and the National Education Association, names the Michigan Economic Growth Authority program, the renaissance zone program and Michigan's incentives to attract the film industry as ineffective in that they resulted in fewer jobs and less tax revenue than would be produced from an alternative tax policy like a lower overall tax rate.

...

Programs like the brownfield incentives could be improved by tightening qualification standards for brownfield projects and shifting incentives given to blighted and functionally obsolete projects to other programs, the study said.

...

For the entire article, see
http://www.crainsdetroit.com/article/20100304/FREE/100309908

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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