Cleveland's politicians are proposing a package of incentives potentially worth $100 million for paint company Sherwin-Williams' new headquarters in the city. As the CEA's John Mozena writes in this week's Crain's Cleveland Business, this isn't good news for the other businesses that call Cleveland home -- or might want to, at some point in the … Continue reading Crain’s Cleveland Business op-ed: Subsidy deals like Sherwin-Williams’ won’t grow Cleveland’s economy
During a time period when Detroit's homeowners were paying $600 million in property taxes that the city later admitted were assessed in error, a developer received approval for $615 million in tax breaks and other incentives for just two projects in the city. In another project, the city spent more money to buy a few … Continue reading Detroit News column: Detroiters pay too much for economic development deals
While Buffalo's soccer fans might be passionate for the sport and excited about the potential for a new professional team in the city, they should be careful not to let that passion be used by business and political leaders to justify public subsidies for a stadium that would be a bad deal for the community. … Continue reading Buffalo News column: Keep emotions out of Buffalo’s soccer stadium debates
In August, the CEA's John Mozena joined the Neoliberal Podcast to discuss economic development policy. The podcast, which the Neoliberal Project made available to its supporters as an exclusive, is now available for download by all. Listen to it on their website, at iTunes or wherever you get your podcasts.
After the Detroit News ran a column promoting business tax credits in Michigan, the CEA's John Mozena responded a letter to the editor pointing out the fundamental flaw in the original column's argument: Howes writes that "incentives are built on a crucial assumption: that new jobs create new tax revenue." However, that's not the truly … Continue reading Detroit News Letter to the Editor: Tax credits don’t change business realities