Good Jobs First Subsidy News

U.S. states, cities to report money lost on corporate tax breaks

By Hilary Russ, August 14, 2015

For the first time, state and local U.S. governments will be required to report how much money they lose on corporate tax breaks for economic development projects, according to a new accounting rule issued on Friday.

New rule opens books on tax credits like those received by USAA, Bristol-Myers Squibb

By Margie Manning, August 17, 2015

The Governmental Accounting Standards Board has issued its first-ever rule requiring state and local governments to disclose information about tax abatement agreements.

The Wind and Sun Are Bringing the Shine Back to Buffalo

By Diane Cardwell, July 20, 2015

BUFFALO — Along a bend in the Buffalo River here, an enormous steel and concrete structure is rising, soon to house one of the country’s largest solar panel factories. Just to the south, in the rotting guts of the old Bethlehem Steel plant in Lackawanna, where a dozen wind turbines already harness the energy blowing off Lake Erie, workers are preparing to install a big new solar array.

Taxpayer Payoffs for Layoffs at Time Inc.

By Elizabeth Bird and Bill O'Meara, July 20, 2015

Publishing giant Time Inc. has been cutting hundreds of jobs in recent years, but its next round of layoffs come despite significant financial help from New York State taxpayers.

Top Enterprise Florida official leaving to reunite with former boss

By Marcia Heroux Pounds, July 17, 2015

The cost of attracting jobs to our region is rising. Broward and Palm Beach counties have awarded millions of taxpayer dollars for company relocations or expansions in recent months, including two major deals completed in just the past two weeks.