Good Jobs First Blog
Jane Vancil is CEO and founder of IncentiLock LLC, an automated tool that tracks how economic development incentives are performing. Yup, there’s really a tool for that – software that lets government agencies measure whether the money they give away in the name of economic development is doing what it’s supposed to do. And it lets companies do the same thing, so if their subsidies are tied to benchmarks (i.e., performance-based), they know when they can collect.
5 things to think about when Amazon comes to town, a conversation with Dick Lavine about Texas' oversized and "perverse" corporate subsidy program and more on why the CARES Act 2.0 does little to help struggling workers. Use our data to tell the story in your community.
In 2001, legislators in Texas approved an unusual process for how corporations receive economic development subsidies. I asked Dick Lavine, a longtime fiscal and tax policy expert in the Lone Star state, 5 questions about its effectiveness and what could happen later this year, when the legislature (as expected) votes on renewing the program known by its place in the tax code, Chapter 313.
I’ve seen it time and time again: A gushing press release, with quotes by local elected officials and business lobbyists, enthusiastically touting all the benefits Amazon’s presence will bring. The accompanying media write-up is often a fuller version of the release that, because of time constraints or unfamiliarity with the bigger picture, completely leaves out the company’s harmful side effects.
When it came to funding education, the CARES Act favored private and charter schools over public schools in a big way. An analysis by Good Jobs First previously revealed that private and charter schools received about six times more per school than public schools: $855,000 per facility on average compared to $134,500 for public schools.