Across America, states are taking federal dollars meant to support the recovery from the COVID pandemic and using them instead to fund massive economic development subsidy deals. In a column in The Hill today, CEA President John C. Mozena and Mercatus Center Senior Research Fellow Michael D. Farren had a simple message: "We hate to … Continue reading Op-ed in The Hill: Frustrated by a corporate handout ‘Groundhog Day’? Blame the American Rescue Plan.
New York City's economic development model was already out of date even before the pandemic accelerated the broad move away from the workforce model of big offices in big buildings filled with lots of well-paid people working at expensive desks. That hadn't been keeping the city's leaders from doubling down on expensive subsidies, though, writes … Continue reading Article in City Journal: Back to Basics for NYC
Our friends at Good Jobs First have been fighting corporate welfare from the leftward side of America's political spectrum for many years, specializing in doing the hard and necessary work of data collection and analysis. Their Tax Break Tracker is an invaluable tool for anyone involved in economic development policy reform. Recently, CEA President John … Continue reading Detroit News op-ed with Good Jobs First: How economic development is killing Michigan school funding
In The American Conservative, CEA President John C. Mozena warns that the real "dark money" in politics is hiding right in front of us, in the form of politically motivated economic development subsidies that dwarf anything spent by campaigns, PACs or parties: Right now, state and local politicians running for reelection across America are living … Continue reading The American Conservative column: Want To Clean Up Money In Politics? Start With Corporate Welfare
Nevada's economy has been hammered by the COVID-19 pandemic, which virtually eliminated tourism and gaming revenues. Despite the fiscal crisis faced by the state, its elected officials recently announced a $25 million subsidy for a Google data center. The CEA's John Mozena challenged this decision in the Las Vegas Review-Journal: It doesn’t make sense for … Continue reading Op-ed in the Las Vegas Review-Journal: 2020 is no time for subsidies in Nevada