The Editorial Board of the South Carolina Post & Courier took a searing look at the way economic development subsidies are used in the state. As Good Jobs First reported, no public schools lose more to corporate welfare than those in South Carolina. And a striking thing about the way the deals are done? Schools have no say over the revenue other localities give away on their behalf.
Good Jobs First Subsidy News
"Every day it seems, local and state officials hold a press conference to announce that a company is bringing a project to their community. Those ceremonies tout the alleged benefits of the company’s arrival: the number of jobs that will be created and the amount of money a company will invest. But what is too often missing from those announcements are the costs: how much money will the public have to pay the company in return?