In a working paper published by the Mercatus Center at George Mason University, Mercatus Research Fellow Michael Farren and Center for Economic Accountability President John Mozena propose that states be required to end targeted economic development subsidy programs as a condition of receiving any federal COVID-19 "bailout" of state finances. Farren and Mozena note that … Continue reading Mercatus/CEA Paper: Federal Pandemic Relief Could End the Interstate Economic Development Arms Race
During a time period when Detroit's homeowners were paying $600 million in property taxes that the city later admitted were assessed in error, a developer received approval for $615 million in tax breaks and other incentives for just two projects in the city. In another project, the city spent more money to buy a few … Continue reading Detroit News column: Detroiters pay too much for economic development deals
In August, the CEA's John Mozena joined the Neoliberal Podcast to discuss economic development policy. The podcast, which the Neoliberal Project made available to its supporters as an exclusive, is now available for download by all. Listen to it on their website, at iTunes or wherever you get your podcasts.
Michigan-Based Economic Development Policy Group Identified as Free-Market Organization “Punching Above Their Weight,” will Receive Grant Support The Center for Economic Accountability (CEA) has been selected by the Atlas Network as one of ten organizations in the United States that are “punching above their weight” in developing and implementing innovative and scalable efforts to promote … Continue reading The Center for Economic Accountability Named “Smart Bet” for 2020 by Atlas Network
Recently, the Cleveland Plain Dealer asked, "Is public financing of sports venues worth it?" In a letter to the editor, the CEA's John Mozena explained why the answer to that question is a resounding "no." The reality is that, however much we may care about sports, their economic impact on a community like Cleveland is … Continue reading No, Cleveland, that stadium isn’t worth it