While he was CEO of economic development group Ann Arbor SPARK, Michael Finney helped growing tech companies apply for tax credits from the Michigan Economic Development Corp.
But, as part of tax reform legislation pushed by Gov. Rick Snyder and approved by the Michigan Legislature last month, MEDC's Michigan Economic Growth Authority tax credits for high-tech companies were killed in favor of a $1.7 billion overall tax cut for Michigan businesses.
And Finney, who once said the tax credits were necessary to help attract new companies, is not shedding any tears for the MEGA tax credits.
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Michigan Economic Development Corp. CEO Michael Finney, pictured with Gov. Rick Snyder and DTE Energy CEO Gerry Anderson, speaks to reporters at a press conference at the Detroit Regional Chamber's Mackinac Policy Conference.
Nathan Bomey | AnnArbor.com The MEGA tax credits, created by former Gov. John Engler and expanded by Gov. Jennifer Granholm, were originally viewed as a way to attract growing companies to come to Michigan and to convince existing companies to expand here.
To read the full, original article click on this link: MEDC CEO Michael Finney: 'I'm extremely comfortable' with elimination of MEGA tax credits
Author:Nathan Bomey
