Indianapolis is proposing what its mayor calls a "taxpayer friendly" deal to help fund a stadium for a soccer team. But as CEA President John C. Mozena explains in an op-ed in the Indianapolis Star, "Even if no new taxes are immediately proposed to fund the deal, these kinds of deals impose very real costs … Continue reading Indianapolis Star op-ed: Proposed soccer stadium deal unfriendly to taxpayers
CEA President John C. Mozena writes in the Detroit News: "Companies don’t walk away from billions of dollars in free money very often. Amazon’s willingness to do so by giving up on its proposed “HQ2” facility in New York City is the best example to date of how quickly these deals fall apart when the … Continue reading Detroit News op-ed: Amazon retreats from NYC subsidies
CEA President John C. Mozena was the guest on the Cato Daily Podcast for February 20. He discussed Amazon, Foxconn and how and why development deals don't work. Listen here, or subscribe to the Cato Daily Podcast on iTunes or Google Play.
In the Detroit News, CEA President John C. Mozena makes the case that development subsidies are an issue outside the normal political partisan spectrum: From whatever angle you come at it personally, there’s a growing agreement that this isn’t a Right versus Left battle, but rather a case of “Us versus Them” — people with … Continue reading Detroit News op-ed: Michigan can’t afford bipartisan corporate welfare
By John C. Mozena Santa Claus looked up from his desk as his elven assistant led his next appointment into his office. The planning process to expand his workshop had been a massive distraction from Santa’s normal work, so much so that he’d taken a rare meeting with an outsider who had claimed expertise in … Continue reading An Economic Development Christmas Story