January 18, 2017--Amazon last week announced it will “create” 100,000 jobs as it rolls out Same-Day Delivery to customers throughout the country. While it’s great publicity after the company received negative tweets from the President-elect, taxpayer shouldn’t be fooled into thinking this represents net job creation in retailing.
Several states have decided the way to juice up economic development is to turn it over to a corporation outside the government bureaucracy. Is it working?
I just returned from a trip to Springfield to testify before the Illinois House of Representatives on an economic development privatization proposal, but the chaotic scene was more reminiscent of the UK's House of Commons.
Have secretive TIF accounts played a significant role in the underfunding of Chicago pension funds?