Economic development organizations around Michigan are disappointed the state legislature is ending its session without approving the Good Jobs for Michigan package. The legislation would give tax incentives to companies that create a large number of decent-paying jobs. Ron Kitchens, with Southwest Michigan First spoke with WKZO News about the issue.
“I realize nobody likes incentives, but that’s where we’re at in economic development,” Kitchens said.
Under the plan, a company could keep a portion of the income tax paid by workers they hire. However, it would have to hire at least 250 people for the incentive to kick in, and the jobs would have to pay at least the regional average wage. Support is bipartisan, but some Republicans say they’re philosophically opposed.