Good Jobs First Blog

Sep
7
2017

Good Jobs First Issues Statement on Amazon Headquarters Announcement

Good Jobs First executive director Greg LeRoy made the following statement concerning Amazon.com's announced search for a second corporate headquarters location.

 

"Taxpayers should watch their wallets as the trophy deal of the decade attracts politicians to a hyper-sophisticated tax-break auction. We fear that many states and localities will offer

Aug
17
2017

How TIFs in St. Louis are Reinforcing the Racial Divide

by Jeremy Moses

Over the past few years, controversy around tax increment financing in St. Louis has been increasingly prominent in local politics. In the mayoral race earlier this year, each candidate put forward his or her own proposal for reform, in response to a growing consensus that incentives are

Aug
17
2017

How Corporate Subsidies are Being “Hidden” by Local Governments

by Jennifer Morgan

Tracking how states provide incentives for economic development sometimes can be as simple as searching their online reporting platform. Localities, however, often make it difficult to find information on their subsidy recipients. They either require this data be accessed through an open records request, which is burdensome, or they bounce the request from department to department, and eventually decline to disclose.

Jul
28
2017

Is Foxconn a Con?

It’s common for governors to stage publicity events to announce major job-creating investments in their state. This allows them to take implicit credit for a project that was probably helped along with tax breaks and other financial giveaways. When it came to the Taiwanese company Foxconn’s plan to build a $10 billion flat-screen plant in Wisconsin, the hype was taken to a new level.

Jul
20
2017

Early GASB 77 Disclosure: One Hot Mess

For the first time ever, local and state governments are just beginning to report how much revenue they lose to economic development tax breaks. We here at Good Jobs First can only describe the corporate welfare price-tag data so far as one hot mess.

Some local governments' reports are user-friendly,