Insufficient due diligence, speculative returns, lack of concern for local impacts and convoluted structure set project apart in a historic year for corporate welfare megadeals. December 27, 2022 – Georgia’s $1.5 billion subsidy of a Rivian electric vehicle assembly plant has been selected as the “Worst Economic Development Deal of the Year” for 2022 by … Continue reading Georgia’s Rivian Plant Subsidy Recognized as 2022’s “Worst Economic Development Deal of the Year” by the Center for Economic Accountability
CEA President John Mozena joined the Cato Daily Podcast to discuss 2022's unprecedented slew of gigantic corporate welfare deals, including how federal policy drove harmful decisions at the state and local level. Listen to the podcast here or wherever you get your podcasts.
In National Review's Capital Matters, CEA President John C. Mozena laid out the case against the prevailing subsidy-first model of economic development in America's state and municipal governments: Many complain that these sorts of subsidy programs are the government “picking winners and losers.” If only that were true. In reality, economic development agencies pick both … Continue reading Column in National Review: It’s Time to Call Out America’s Corporate Welfare State
By John C. Mozena, president of the Center for Economic Accountability October 17, 2022 “This is the worst decision in Nashville since someone thought it’d be a good idea to let pedal bars piloted by drunk bachelorettes take over Broadway on any given Saturday night.” “Metro Nashville voters were asked to approve the last stadium … Continue reading CEA Statement on Tennessee Titans Stadium Subsidy
By John C. Mozena, president of the Center for Economic Accountability September 30, 2022 Judge Brenda Holbert Trammell’s ruling against issuing the proposed Rivian bonds is a victory for taxpayers and the rule of law in Georgia. She shone a bright light on the way Georgia’s economic developers ignore the law, the public interest, state … Continue reading CEA statement on Rivian bond ruling in Georgia