Good Jobs First Subsidy News

12/29/2021

With a price tag of well over $1 billion, Texas set a new record with its subsidy gift to Samsung to build a semi-conductor factory. An Austin American-Statesman analysis found that local, county and state subsidies add up to $981 million, and that excludes roughly $260 million in Samsung-benefiting infrastructure improvements that the public will pay for.

12/23/2021

Amazon.com, Inc. has located at least 171 of its newest or soon-to-open warehouses in Opportunity Zones (OZs), where they may create huge capital gains tax breaks for Amazon and/or other investors. It is part of a massive pandemic-fueled expansion by the online giant, which grew from 473 sites from the end of 2019 to 1,237 by December 2021.

12/09/2021

Amazon opens most of its warehouses in neighborhoods with a disproportionately high number of people of color and low-income residents, an investigation by Consumer Reports has found.

11/24/2021

"Landing Samsung Electronics Co.’s massive new chip plant didn’t come cheap for Taylor, Texas. The question now is whether the investment will pay off."

11/09/2021

General Electric has drawn roughly $1.6 billion in federal money since Fiscal Year 2000, plus $687 million in state and local awards since 1992, totaling more than $2.2 billion, according to Good Jobs First. Over roughly the same period, the report says, three out of every four GE jobs in the U.S. disappeared.