Good Jobs First Subsidy News
By Mike DeBonis Feb. 11, 2015
The District government has recently taken some steps to make sure its economic development subsidies are well spent — requiring, for instance, a fiscal analysis for individual deals and a yearly report detailing their allocation — but it has a long way to go to match the accountability measures taken by other jurisdictions, a new report finds.
By Matthew Dalton Dec. 19, 2014
BRUSSELS—The European Union on Friday filed a complaint at the World Trade Organization alleging that billions of dollars of tax breaks handed to U.S. aviation company Boeing Co. by Washington state violated international trade rules.
By Reid Wilson Sept. 25, 2014
Last October, representatives from Tesla reached out to economic development officials in a handful of Western states with an enticing offer: The company, which manufactures luxury electric vehicles, needed a new site on which to build a massive factory to produce lithium ion batteries. The facility would cost about $5 billion to construct, and it would employ about 6,500 high-tech manufacturing employees.
By Emily Badger Sept. 15, 2014
Tesla announced earlier this month that it's planning to build a $5 billion lithium battery factory just outside of Reno, which sounds good for Nevada and bad for losing bidders California, Texas, Arizona and New Mexico. So how did Nevada beat out so many competitors?
By Matthew L. Wald Sept. 12, 2014
When Nevada lured Tesla Motors to the Reno area to build a giant battery factory, a triumphant governor, Brian Sandoval, proclaimed that every dollar his state was spending in tax incentives and other subsidies would yield $80 in economic activity.