Michigan renaissance zones

11:07 am
Thu January 24, 2013

Audit finds state agency did poor job monitoring low-tax zones

Lead in text: 
Auditor General report says claims that the program generated more than 12,000 jobs can't be verified.
The Michigan Economic Development Corp. has done a poor job of tracking the economic impact of the state's low-tax renaissance zones, where businesses sometimes receive tax breaks 'while providing little or no employment and economic impact to the state,' Auditor General Thomas McTavish said in a report released Wednesday.