The steps are among several under way at the Michigan Economic Development Corp. as it revamps processes after the state granted a $9.1 million Michigan Economic Growth Authority program tax break to a company headed by a convicted embezzler.
Gov. Jennifer Granholm last week announced changes aimed at improving state transparency and accountability in regards to MEGA, including establishing a “business integrity verification program.” The program will include requirements that tax credit applicants fill out a questionnaire and submit other documentation.
MEDC President and CEO Main said the questionnaire will be “designed to provide assurance that the key persons in a particular company are upstanding people, that don't have felony convictions, other civil actions in their background that would impugn their business integrity.”
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