A taxpayer funded project in Michigan by former Governor Jennifer Granholm was to try to bring the movie industry to Michigan by tax incentives and funding in the form of the Allen Park Studio Center which broke ground in late summer of 2009.
In the case of Allen Park, Michigan, 18 million dollars was invested to purchase the property for the studio. The film studio in Allen Park has never been successful.
That movie studio is now bankrupt; Allen Park is bankrupt because the movie studio cannot pay back the money borrowed to start the movie studio.
Property values have dropped; police and firemen have been asked to take pay cuts and pay more of their health and retirement costs. The taxpayers may be asked to up their taxes to pay for the cleanup mess of APSC.
Allen Park has already instituted massive budget cuts. Now, as many cities in Michigan, the city awaits the appointment of a state city manager to manage the decline.
According to the Frank Beckmann show, both Republicans and Democrats supported Granholm's grand gesture of support for a private business.
Hoosierman has covered extensively the failed government subsidized green industries that the federal government has funded, without success.
The problem with massive government funding of various industries is that the only people with the risk are the taxpayers. When there is little personal investment or risk involved in a start up or risky business, more unnecessary risk is taken, often yielding nothing.
This has been true with LightSquared, the solar industry (Solyndra, First Solar on the brink).
Any time government workers gets into the business of business, they screw things up. They are governance bodies, not producers.
When has government ever produced anything that's made money?
They don't know what they're doing yet they continue to meddle with business and taxpayer funding as if they have a crystal ball to ordain who should succeed and who should fail in business.
We areTHE RESISTANCE.
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