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
Last year, Site Selection Magazine chose Apple's new R&D campus in North Carolina as one of its "Top Deals of 2021." That's the same $846 million subsidy deal that the CEA called the "Worst Economic Development Deal of the Year." In an effort to dig into the disconnect between the two recognitions, Site Selection Managing … Continue reading CEA Interview in Site Selection Magazine
Danielle Riberio from Great.com interviewed the Center for Economic Accountability as part of their 'Great.com Talks With...' podcast. This series is an antidote to negative news stories that aims to shed light on organizations and experts whose work is making a positive impact on the world. America today gives more subsidies to stadiums than any … Continue reading Great.com interviews The Center for Economic Accountability About Advancing Economic Opportunity by Transparency
The Center for Economic Accountability and organizations from across the ideological spectrum have come together in a coalition to launch the "Ban Secret Deals" campaign in opposition to nondisclosure agreements (NDAs) in state and local economic development subsidy deals. The coalition is calling for state-level bans on the use of NDAs by elected officials and … Continue reading CEA Co-Founds “Ban Secret Deals” Coalition to End Use of NDAs in Subsidy Deals
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.