Good Jobs First Subsidy News


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, 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.


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.


"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."


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.