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MEDC puts vetting policy in place

By Laura Weber, Michigan Public Radio Network

http://stream.publicbroadcasting.net/production/mp3/wkar/local-wkar-897367.mp3

LANSING, MI –

The Michigan Economic Development Corporation has approved a policy Tuesday to help make sure con-artists do not receive tax credits from the state.

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It has been about a month since the MEDC approved tax credits for a Flint-based start-up business, run by a convicted embezzler. Governor Granholm and the director of the MEDC say the new background check policy will help prevent scam artists from being awarded tax breaks. Granholm made the announcement while standing among about a dozen business leaders whose applications for tax credits were accepted.

"Everybody's been vetted, everybody passes," she says.

The business integrity verification program could subject some businesses and owners to extensive background checks. The state House approved a similar measure, but the director of the MEDC says that bill won't be necessary.

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