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
CEA Interview in Site Selection Magazine
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
North Carolina’s Massive Apple Subsidy Recognized as “Worst Economic Development Deal of the Year” for 2021 by the Center for Economic Accountability
December 29, 2021 – North Carolina’s 39-year, $846+ million subsidy to Apple for a new corporate campus in the Research Triangle Park has been selected as the “Worst Economic Development Deal of the Year” for 2021 by the Center for Economic Accountability. This award recognizes a state or municipal government subsidy of a private company … Continue reading North Carolina’s Massive Apple Subsidy Recognized as “Worst Economic Development Deal of the Year” for 2021 by the Center for Economic Accountability