MEDC cuts workforce by up to 15% amid funding restraints

The Michigan Economic Development Corp. Is laying off up to 15% of its workforce due to declining revenues, according to CEO Quentin Messer Jr. The agency stated it remains focused on supporting small businesses, investing in communities, and promoting travel and tourism despite the cuts.

The workforce reduction comes as the Legislature reviews corporate incentives used to attract businesses and the Attorney General’s Office conducts a criminal investigation into at least one grant administered by the MEDC.

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