As Congress reconvenes to discuss another potential round of COVID-19 relief, CEA President John C. Mozena and Mercatus Center Research Fellow Michael D. Farren are in The Hill, discussing their proposal that the federal government require states to end their targeted economic development subsidy programs as a condition of receiving any federal budget bailouts: Congress … Continue reading Op-Ed in The Hill: Congress could use bailouts to solve the interstate subsidy war
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Mercatus/CEA Paper: Federal Pandemic Relief Could End the Interstate Economic Development Arms Race
In a working paper published by the Mercatus Center at George Mason University, Mercatus Research Fellow Michael Farren and Center for Economic Accountability President John Mozena propose that states be required to end targeted economic development subsidy programs as a condition of receiving any federal COVID-19 "bailout" of state finances. Farren and Mozena note that … Continue reading Mercatus/CEA Paper: Federal Pandemic Relief Could End the Interstate Economic Development Arms Race
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