Good Jobs First Subsidy News
By David Leonhardt, New York Times
magine that a bunch of children are sitting around a table when a seemingly beneficent adult walks into the room carrying a plate of cupcakes. The kids burst out in excitement — until they notice a problem: There are fewer cupcakes than children.
At this point, the adult announces some ground rules. To receive a cupcake, the children will have to compete with one another. The adult will accept cash or other objects of value. Praise for the adult’s kindness would also be welcome.
By Michael Hiltzik
Well, that should show them.
Stung by intensifying opposition to a $3-billion incentive handout from New York city and state, Amazon on Thursday abruptly canceled its plans to build a new half-headquarters complex in the New York City borough of Queens.
Leave it to Amazon CEO Jeff Bezos. In his zeal to be disruptor-in-chief, he has pulled back the green curtain on America's corrupted economic development system. More publicly than ever, taxpayers have been shown how our nation's tax break-industrial complex works — and quite rightly, they want to end it.
Amazon's search for its HQ2 has created a bidding war between cities and states worth millions or even billions.
By Greg LeRoy and Maryann Feldman
Fostering local hi-tech success doesn’t have to mean offering huge subsidies to companies like Apple and Amazon. Here are some alternative strategies
Every mayor and governor wants to attract hi-tech jobs. And why not? Depending on the nature of the facility, such jobs can be well-paid and strengthen a region’s economy.