Posts Tagged Clawbacks

Amid a global scandal in which Volkswagen admitted to equipping its diesel-engine cars with devices that cheat air pollution tests, Tennessee lawmakers are planning to review the state’s subsidy contract with the German automaker, including the clawback provisions.

Washington, DC—Despite the District of Columbia embracing four leading best practices, other basic economic development standards and safeguards remain absent.

Broadly, the District has four major shortfalls:

• failure to set job creation and job quality standards,
• lax reporting on project outcomes,
• failure to enforce existing standards, and
• the need for an online transparency database.

The report is available at:

http://www.goodjobsfirst.org/ABetterDealForTheDistrict

Despite such shortcomings, experience shows that the District can rapidly change course. For example, recent enhancements raised D.C.’s ranking on job subsidy transparency from dead last to 26th among the states in a 2014 Good Jobs First national report card study.

When The New York Times reported that JPMorgan Chase was seeking close to a billion dollars in incentives to build a new trophy h

For Immediate Release September 4, 2014

Contacts: Bob Fulkerson bfulkerson@planevada.org 775-348-7557

Greg LeRoy goodjobs@goodjobsfirst.org 202-232-1616 x 211

Good Jobs First has launched a petition through MoveOn asking Tesla CEO Elon Musk to open-source his ≥$500 million subsidy demands.

Sign the petition here.

[getty src="157501396?et=Q8w60oIGRRh4BC9Dh3AWKA&sig=HCTrew4Px7FWtEa7lePfsYvM4Pg7kGOtvVDqO11SHWY=" width="381" height="225"]

Tesla Motors is demanding at least $500 million in taxpayer subsidies, whipsawing AZ, CA, NV, NM and TX siting a huge battery factory.

If it's really confident that such massive subsidies are justified, Tesla should release the five states from non-disclosure agreements and allow taxpayers to see the files.

Elon Musk: open-source your subsidy-application files and let taxpayers weigh costs and benefits!

Sign the petition here.