By John C. Mozena General Motors is closing its Arizona IT Innovation Center in Chandler, Ariz. and eliminating 940 jobs there in an object lesson on government “economic development” programs’ ineffectiveness in the face of business reality. The short and tragic history of GM’s subsidized hit-and-run in Chandler should be a wake-up call for taxpayers … Continue reading Learning the Lesson from General Motors’ Subsidized Hit-and-Run in Chandler, Ariz.
CEA calls for St. Augustine, Fla. leaders to unwind PGA Tour subsidies after Saudi takeover announcement
Statement by John C. Mozena, president of the Center for Economic Accountability, on preexisting PGA Tour subsidies in St. John's County, Fla: Taxpayers in Florida will soon be subsidizing efforts to make a deadly regime more respectable on the global stage. Before that happens, elected officials in St. John's County, Fla. should unwind preexisting economic development … Continue reading CEA calls for St. Augustine, Fla. leaders to unwind PGA Tour subsidies after Saudi takeover announcement
State economic development agencies’ own data shows how little they matter
In honor of Economic Development Week, the CEA has performed an analysis of all 50 state economic development agencies' reported "job creation" results to determine just how much they claim to be delivering in results for their massive, multi-billion-dollar price tags. The result? Fewer than 625,000 jobs a year across the country, or less than … Continue reading State economic development agencies’ own data shows how little they matter
CEA President to Michigan Strategic Fund Board: “Please, just stop.”
On February 13, the Michigan Strategic Fund board voted to approve a $210 million grant and other incentives to Ford Motor Company, as part of a reported $1 billion in subsidies for a battery plant in Marshall, Mich. The only public comment at the meeting came from Center for Economic Accountability President John C. Mozena, … Continue reading CEA President to Michigan Strategic Fund Board: “Please, just stop.”
CEA statement on subsidized Ford/CATL battery plant project in Marshall, Mich.
Statement by John C. Mozena, president of the Center for Economic Accountability, on the reported $1 billion-plus public subsidy for a Ford/CATL battery plant in Marshall, Mich. Either the Marshall site is the best place for Ford’s proposed EV battery plant with CATL, or it isn’t. If it is, then Michigan’s taxpayers are getting screwed. … Continue reading CEA statement on subsidized Ford/CATL battery plant project in Marshall, Mich.