michigan strategic fund

7:59 pm
Tue September 24, 2013

Audit finds state agency overstated job creation numbers

Lead in text: 
Michigan Strategic Fund and Michigan Economic Development Corporation criticized for lack of transparency
LANSING - The Michigan Strategic Fund is under fire from both Republicans and Democrats after an audit report found it gave the Legislature incomplete and overstated data on jobs created from business incentive programs. A report released Tuesday by Michigan's Auditor General found that the MSF, part of the taxpayer-supported Michigan Economic Development Corp., hasn't been verifying that certain grant recipients are meeting program requirements or creating the jobs they promised.