Audit finds state agency overstated job creation numbers

Sep 24, 2013
Lead in text: 

Michigan Strategic Fund and Michigan Economic Development Corporation criticized for lack of transparency

Source: Mlive

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.

Read more at: Mlive