Good Jobs First Subsidy News


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.


"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?


A new report by Good Jobs First found South Carolina schools lost out on $2.2 billion over the last five years that instead went toward corporate tax breaks. The nonprofit research group found no other state reported more lost school tax revenue to corporations than South Carolina.

06/02/2022 has grown its monopoly with substantial help from the federal government. It has enjoyed billions in tax breaks and received billions in subsidies. So it makes sense it is out smearing proposed legislation that would help its workers, its Prime customers and small businesses.


Pennsylvania is considering nearly doubling the size of its film subsidy program, despite substantial research that shows the tax breaks and cash giveaways offer little bang for the buck. Indeed, a state analysis concluded Pennsylvanians received a return of investment of 13.1 cents for every $1 they gave away to film production companies.