An Evaluation of Michigan’s 21st Century Jobs Fund
In 2005, Michigan Gov. Jennifer Granholm launched a project intended to stimulate the state’s economy: the 21st Century Jobs Fund.
Based on the available information, it is highly unlikely that the 21st Century Jobs Fund has had a meaningful impact on Michigan’s economy.
Lawmakers should be skeptical of spending on a program for the purpose of “economic development” when the program cannot or does not demonstrate that it creates jobs or improves the economic outcomes of the state.
Given these problems, and the lack of demonstrable economic impact, policymakers should consider discontinuing the 21st Century Jobs Fund. Taxpayers should not have to pay for a government program that lacks clear objectives, fails transparency requirements and cannot demonstrate how it benefits the public.