Good Jobs First Subsidy News
By Michael J. Bologna, Bloomberg/BNA
Online retail giant Amazon.com Inc. is about to set a record that few in the tax policy arena thought would ever be achieved.
Amazon, the national leader in e-commerce sales, is expected to vault past a record for state and local tax subsidies held for many years by Wal-Mart Stores Inc., the undisputed king of brick-and-mortar retail sales.
By Mike Macieg, Governing
When it comes to tax breaks for economic development, following the money has never been easy.
Thanks to new accounting rules, states and localities have to disclose how much revenue they lose to such deals. But a new report finds that most of the nation’s largest local governments fail to reveal other basic information online, like what companies are benefiting, how much money they receive or whether they deliver on promises to create jobs.
By Steve Harrison, The Charlotte Observer
Charlotte has an ambitious program to spend tax dollars to land new jobs. But when it comes to revealing information about its incentive programs, the city gets a failing grade, according to a national study.
The Washington D.C.-based group, Good Jobs First, ranked the nation’s 50 largest cities on how much they share with the public about their economic incentive programs.
By James T. Madore, Newsday
Two industrial development agencies on Long Island are among the nation’s most transparent government agencies that award tax breaks to businesses, thanks to reporting requirements from New York State, according to a report to be released Wednesday.
By Jessica Lyons Hardcastle, Environmental Leader
Major companies racked up more than $20 billion in enforcement costs for environmental, health and safety and other violations between Election Day and Donald Trump’s inauguration.
This, according to Violation Tracker, a database produced by the Corporate Research Project of Good Jobs First, that first launched in 2015.