On the Cato Daily Podcast this week, CEA President John Mozena, Cato Institute Senior Fellow and Cato Daily Podcast host Caleb O. Brown discussed the ways that state and local economic development subsidies are more focused on Election Day 'job creation' for the politicians who control them than they are on any actual economic factors … Continue reading Cato Daily Podcast: The State-Run Corporate Handouts That Help Politicians and Harm Taxpayers
Tampa Bay Times column: Stadium subsidies are bad deals for communities like St. Petersburg
Ahead of the Pinellas County Commission vote on a massive baseball stadium subsidy for the Tampa Bay Rays, the Tampa Bay Times gave CEA President John Mozena more than double their usual op-ed space to make the case against the deal: If there’s a market-driven demand for development in an area, a stadium isn’t necessary. … Continue reading Tampa Bay Times column: Stadium subsidies are bad deals for communities like St. Petersburg
Column in National Review: Adam Smith’s Economic-Development Formula
In National Review's Capital Matters, the CEA's John Mozena marked the publishing anniversary of Adam Smith's "Wealth of Nations" by pointing out how Smith's 1755 recipe for national prosperity is still a valid economic development policy in the modern day: "Little else is requisite to carry a state to the highest degree of opulence from … Continue reading Column in National Review: Adam Smith’s Economic-Development Formula
Michigan’s Subsidies for Ford Motor Company Electric Vehicle Battery Plant Named 2023’s “Worst Economic Development Deal of the Year” by The Center for Economic Accountability
December 4, 2023 –The Center for Economic Accountability has selected Michigan’s $1.75 billion in planned subsidies for an electric vehicle battery plant operated by a joint venture between Ford Motor Company and Chinese firm CATL as America’s “Worst Economic Development Deal of the Year” for 2023. The award recognizes a state or municipal government subsidy … Continue reading Michigan’s Subsidies for Ford Motor Company Electric Vehicle Battery Plant Named 2023’s “Worst Economic Development Deal of the Year” by The Center for Economic Accountability
Column in National Review: Stop Subsidizing Stadiums
There are a lot of great reasons for states and cities to tell sports teams to "Pay For Your Own Damn Stadium," and CEA President John Mozena laid some of them out this week in a column in National Review's "Capital Matters:" These deals involve substantial amounts of money, and they have a very real … Continue reading Column in National Review: Stop Subsidizing Stadiums