Good Jobs First Subsidy News

01/20/2022

A story in the Mountain State Spotlight behind a rushed $1.7 billion subsidy given to a steel company reveals that the economic impact report used as justification for the subsidy included a number of questionable assumptions, including that all the workers would be West Virginia residents (despite the package having no local hiring requirements and the project's proximity to Ohio and Kentucky), and workers earning an average wage of $700,000. Investigative reporter Douglas Soule has the analysis.

01/13/2022

A new report by the a consumer watchdog Public Citizen analyzed data from Good Jobs First's database on corporate misconduct - Violation Tracker - and found that 111 known U.S. Chamber member corporations have violated state and federal law at least 15,895 times. Since 2000, the group has racked up penalties of over $154 billion since 2000.

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.