Tag: subsidy

Bipartisan Michigan Bills Aims to Restore Tax Incentives for Business Development

The Center Square
Mark Tisdel and

A bipartisan bill aims to revive a killed business subsidy incentive that they say will spur new job creation in Michigan.

State Reps. Mark Tisdel, R-Rochester Hills and Angela Witwer, D-Delta Township, introduced House Bills (HB) 5425 and 5426 that aim to form the Michigan Employment Opportunity Program (MEOP) to provide incentives for business developments similar to the Good Jobs for Michigan (GJFM) program, which expired in 2019. 

“The Michigan Employment Opportunity Program will form a public-private partnership to bring good jobs to our state,” Tisdel said in a statement. “Government can make it easier for businesses to invest in our communities and support more Michigan workers, bringing economic growth – and the revenue that comes with it.”

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Indiana Coal Plant Keeps Getting Money from Ohio Energy Customers

The Center Square
Clifty Creek Power Plant

 An Indiana coal plant continues to receive subsidies from Ohio energy ratepayers despite efforts from lawmakers to whittle away at the scandal-ridden House Bill 6 passed more than two years ago.

Ohio state Reps. Casey Weinstein, D-Hudson, and Jeffrey Crossman, D-Parma, toured the Clifty Creek Coal Plant, owned by Ohio Valley Electric Coop, this week. Clifty Creek is in Madison, Indiana, an hour from the Ohio border.

Ohio Valley Electric receives $232,000 in ratepayer subsidies per day, Crossman and Weinstein said, part of which goes to Clifty Creek.

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Michigan Gov. Whitmer Plans to Give Businesses Hundreds of Millions in Subsidies, But Similar Programs’ Track Record Has Been Questioned

Bradley Vasoli
Gov. Gretchen Whitmer

This week, Gov. Gretchen Whitmer (D-MI) announced plans to expand her $300-million Michigan Mainstreet Initiative, outlining further business subsidization with taxpayer money from federal COVID-relief legislation.

Originally unveiled in June, Whitmer’s initiative targeted $100 million toward restaurants and other place-based establishments, $125 million for other businesses that could not get federal Paycheck Protection Program (PPP) funds and $75 million in grants to startups.

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Virginia Extends Expanded Childcare Subsidies for the Rest of the Year

The Center Square

Additional childcare subsidies provided during the COVID-19 pandemic will be extended until the end of 2021, Virginia Gov. Ralph Northam announced Wednesday.

The state program, which provides financial assistance for childcare services, temporarily loosened the eligibility requirements through July 31, 2021. Northam directed the Virginia Department of Education to continue covering copayments through December 31, using federal COVID-19 relief funds.

“Access to high-quality child care is not only critical to the health and safety of Virginia’s children, but it is also important for advancing a strong, equitable recovery,” Northam said in a statement. “Extending these resources through the end of 2021 will help close the affordability gap for parents and providers, allowing thousands of Virginians to return to work, support their families, and grow our economy.”

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After Nashville Mayor Megan Barry’s Fare Reductions, Just 16 Percent of The Metropolitan Transit Authority Funding Is Self-Generated

Laura Baigert

  Mayor Megan Barry’s July 1, 2017, Metro Budget included proposed fare reductions and no-cost transfers for Metropolitan Transit Authority (MTA) users, making the “self-generated” portion of MTA’s funding a mere 16 percent, with the balance coming from Metro Government at 60 percent, the State at 6 percent and Federal at 19 percent. In Mayor Barry’s budget for fiscal year 2017-18 adopted by the Metro Council and approved by the MTA Board, effective August 1, 2017, “2nd Ride Transfers” within two hours of initial boarding were eliminated and nearly all other fares were reduced by at least 24 percent and up to as much as 40 percent. The total cost passed on to taxpayers to compensate for just the fee restructuring portion of next year’s MTA budget is $2.75 million. MTA is the public transportation agency based in Nashville that utilizes buses primarily through Music City Central, a paratransit specialized van service for people with disabilities, the Lebanon-to-Nashville Music City Star commuter rail, the free Music City Circuit and contracted services with the Regional Transit Authority (RTA) for service areas connected to Nashville/Davidson County. In 2016, MTA reported that of its $73.6 million budgeted operating funding, $16.8 million or 23…

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