June 2021 Posts
On June 15, the United States and the European Union announced an agreement to finally solve their decades-long dispute over subsidies given to Boeing and Airbus. This was followed by a parallel agreement with the United Kingdom on June 17, since the UK is part of the Airbus consortium, but has exited the European Union.
While hundreds of millions of dollars are lost each year to incentives, 61 of the 81 public school districts in South Carolina remain underfunded. At an average salary of $50,395 in 2019, the $423 foregone revenue could have hired 8,394 teachers. Several poor districts could close their funding gap simply if the counties stopped abating schools' taxes.
Happy nearly summer, Good Jobs First friends. This is Arlene, with a much overdue update on what we at Good Jobs First have been up to this very busy spring.
Let’s start with some huge news out of Texas, where a massive corporate subsidy program is now on track to expire next year. The program is called Chapter 313, and an explosive Houston Chronicle series (paywalled!) found how little Texans get from a program over $1 billion per year.
A new analysis by Good Jobs First has identified 22 companies involved in detention operations and prison contracting that received loans totaling more than $47 million from the Paycheck Protection Program (PPP). The findings suggest that additional federal action and evaluation of the PPP will be necessary to meaningfully curtail government support of the private prison industry.