Michigan’s Big Bet on Small Tech Fell Flat - Paycheck

Michigan’s Big Bet on Small Tech Fell Flat

Michigan’s big bet on small tech fell flat. Now the $250M bill is due

In the depths of the Great Recession, Michigan invested in a fund to help high-tech start-ups. Some of those firms have left the state, and the program spent $255,0000 for every job it created. Taxpayers are stuck with the tab.

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