News

Crain’s Cleveland Business op-ed: Subsidy deals like Sherwin-Williams’ won’t grow Cleveland’s economy

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

Detroit News column: Detroiters pay too much for economic development deals

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

Buffalo News column: Keep emotions out of Buffalo’s soccer stadium debates

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

Detroit News Letter to the Editor: Tax credits don’t change business realities

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