Good Jobs First’s latest tally of economic development subsidies given to Amazon.com finds state and local governments have given the retail behemoth more than $3.7 billion. How much more is becoming increasingly hard to tell.
by Jeremy Moses
Over the past few years, controversy around tax increment financing in St. Louis has been increasingly prominent in local politics. In the mayoral race earlier this year, each candidate put forward his or her own proposal for reform, in response to a growing consensus that incentives are responsible for uneven development throughout the city.
It’s common for governors to stage publicity events to announce major job-creating investments in their state. This allows them to take implicit credit for a project that was probably helped along with tax breaks and other financial giveaways. When it came to the Taiwanese company Foxconn’s plan to build a $10 billion flat-screen plant in Wisconsin, the hype was taken to a new level.
The titans of the sports apparel industry are reveling in the success of the Olympic athletes they’ve signed up to wear their products in Rio. At the same time, the companies themselves are competing in their own games: the Corporate Welfare Olympics.
By Jonathan O'Connell April 10, 2015
RENO — For months, Randy Walden peddled a 30-week course in manufacturing at Truckee Meadows Community College, in its warehouse campus by Reno-Tahoe International Airport.
By A. Barton Hinkle, March 30, 2015
America’s biggest welfare queen is someone you’ve probably never heard of. She’s Hispanic. She’s been living off other people’s hard-earned tax money for years. And she’s gotten rich doing it.
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 Reid Wilson, Sept. 10, 2014
Nevada state legislators will meet Wednesday in Carson City to consider a package of incentives and credits that will lure one of the biggest economic prizes to an area in serious need of new manufacturing jobs — though at the cost to the state of more than $1 billion.