We spent this summer collecting data for the latest Subsidy Tracker update, which now is posted online and available to users. This update consists mostly of local data; however, we also added state data and four megadeals.
Subsidy Tracker, the nation’s only public and free database of economic development incentive awards, today introduced a new feature that allows the user to display summary data for more than 10,000 different localities across the country. The summaries, like those previously provided for states, show subsidy totals and list the
In a surprise move, Florida Gov. Rick Scott ordered Enterprise Florida (EFl), the state’s public-private entity charged with recruiting companies to the state, to downsize and to consider converting to a completely private model.
It is not uncommon for state and local governments to pay out subsidies to companies to get them to retain existing jobs rather than creating new ones, but Iowa finds itself in the position of giving millions to food giant Kraft Heinz to eliminate far more jobs than it is saving.
Amid a global scandal in which Volkswagen admitted to equipping its diesel-engine cars with devices that cheat air pollution tests, Tennessee lawmakers are planning to review the state’s subsidy contract with the German automaker, including the clawback provisions.