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Ann Arbor SPARK
EDITORIAL: Time To End Public Money For Ann Arbor SPARK
ANN ARBOR SPARK officials have refused to provide audited financial statements to the public and elected officials. When Governor Rick Snyder and MEDC CEO Michael Finney headed the organization, the Annual Report claimed that over 12,000…
Citizen Complains To Michigan Attorney General to Get Ann Arbor SPARK’s Audited Statements
Editor’s Note: Kai Petainen serves on the Editorial Board of The Ann Arbor Independent.
THESE ARE THE facts:
1. Between June 2009 and November 2013, the City of Ann Arbor gave Ann Arbor SPARK $5.1 million dollars from its General…
Ann Arbor SPARK Refuses To Release Audit
WARD 1 CITY Council member Sumi Kailasapathy is a CPA. It was Kailasapathy who pushed the Council’s Audit Committee to investigate further after it was revealed City Attorney Stephen Postema had allegedly “double-dipped,” in accepting a car…
Groupon Belly Flops Into Michigan’s Social/Tech Start-Up Pool
by P.D. Lesko
Groupon was founded and is headed by graduates from the University of Michigan. In January 2012, former AnnArbor.con business reporter Nathan Bomey wrote a glowing piece about Groupon, its founders and their connection to the…
Still Stealing You Blind: Ann Arbor SPARK Spends $7.7M & Creates 79 Jobs
by Rob Smith
The 1 percent here in Ann Arbor are just different than us. They look at out-of-work folks and hungry children, homeless men and women tossed out of Camp Take Notice, struggling small businesses and cash-strapped school…
Photos Reveal Michigan “Trade Delegation” to Europe “Exploring Growth Opportunities”—At Italian Art Museums
by Rob Smith
In the March 13th issue of the New York Times there is an article about the severe economic problems that face Italy. That country, like Michigan, has been in one of the deepest recessions on record. Unemployment in Italy last…
Michigan Backs Financial Scheme of Convicted Felon & Now Taxpayers on the Hook for $18 Million
by P.D. Lesko
Guess what you can get in Michigan for a $10,000 donation to Rick Snyder's campaign? You can get $18,000,000 in state money to bail you out when your project crashes and burns just 10 months after it's launched. You can also…
How The 1 Percent Create Jobs: Officials Dump Millions In Public Money Into Local Job Creation & Exercise Little Oversight
by P.D. Lesko
Michigan has bled jobs, and the state's residents have suffered Depression-era unemployment levels.
The Detroit Free Press recently concluded in its report card evaluation of Governor Rick Snyder that Snyder's first year in…
Ann Arbor Politicos Dish Up Millions in Public Money & Give SPARK Pals A Pass On Public Accountability
by P.D. Lesko
I read a Tweet from Ann Arbor SPARK on November 17th: "Paul Krutko, Ann Arbor SPARK's CEO, speaking at the VC breakfast in San Jose, California. http://twitpic.com/7felds."
Krutko was the Chief Development Officer for the…
Bloomberg BusinessWeek Analyzes “Job Creation” Snyder-Style: Service Industry Jobs That Create More Working Poor
Legend has it that Helen of Troy had a face that launched a thousand ships. Michigan Governor Rick Snyder, on the other hand, has a "job creation" strategy that has launched a recall effort. It's a strategy that has resulted in Snyder…