Yet Gov. Snyder says he doesn't believe in 'buying companies into our states'

84 Companies Offered $63.8 Million Michigan Taxpayer Dollars In 2016 Yet Gov. Snyder says he doesn't believe in 'buying companies into our states'

Taiwanese company Foxconn chose Wisconsin over Michigan and will collect $3 billion in cash subsidies and tax breaks from Badger State taxpayers over 15 years.

Reuters news service mentioned Michigan’s response.

Republican Gov. Rick Snyder told WJR radio: “You have to ask what price is Wisconsin paying to get them to come there? I don’t believe in buying companies into our states.”

ForTheRecord says: In 2016, the Michigan Economic Development Corporation approved giving $63.8 million state taxpayer dollars to 84 companies that promised to create 9,517 jobs. The giveaways were authorized by a "Michigan Business Development Program" Gov. Snyder proposed and the Legislature enacted in 2011.