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 statement on Rivian bond ruling in Georgia
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
2022 Is the Worst Year in History for State Corporate Welfare Megadeals
Facing election-year pressure from voters and flush with federal cash, governors across America have signed three times more billion-dollar subsidy deals than any previous year in history. September 15, 2022 – An unprecedented flood of economic development “megadeals” with potential billon-dollar price tags across the United States is turning 2022 into a uniquely expensive year … Continue reading 2022 Is the Worst Year in History for State Corporate Welfare Megadeals