MI’s corporate welfare program spends dearly to keep graduates

By Tom Gantert | Michigan Capitol Confidential

Attracting about 125 college graduates a year won’t do much to stop an annual exodus of nearly 40,000. But the corporate welfare arm of Michigan government is happy about spending $126 million for that result.

James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy, questions the assertion made by a state official that a Michigan Economic Development Corporation program is helping reverse a “brain drain.”

Paula Sorrell, the Senior Vice President for Entrepreneurship and Venture Capital for the MEDC, made her pitch for how her organization is helping stop the exodus of young college graduates from the state.

at Michigan Capitol Confidential.