There are a lot of things states do in the name of "economic development that don't make much sense. But out of all the bad deals out there, there's three popular kinds of subsidized project that are especially bad for the communities that make them: Stadiums, data centers and distribution centers. In The Hill, CEA … Continue reading Column in The Hill – States: Stop subsidizing these 3 dumb things
Open Letter to Michigan’s Senate Economic Development Committee on “Good Jobs for Michigan” Tax Incentive Expansion
Michigan - where the CEA is headquartered - is considering renewing and expanding a tax credit program known as "Good Jobs for Michigan" that by some estimates is costing taxpayers $40,000 per job. CEA President John C. Mozena attended the Michigan State Senate Economic and Small Business Development Committee hearing at which testimony was being … Continue reading Open Letter to Michigan’s Senate Economic Development Committee on “Good Jobs for Michigan” Tax Incentive Expansion
Des Moines Register Column: Iowans deserve tax credit transparency
Iowa's massive tax credit system costs the state as much every year as all of its state and local government agencies combined spend on mental health and disability services for some of its most vulnerable residents. Is that a good trade-off? Unfortunately, there's no way for Iowa's taxpayers to know for sure, thanks to the … Continue reading Des Moines Register Column: Iowans deserve tax credit transparency
Albany Times-Union column: NY needs new leadership to lure businesses to the state
New York's Empire State Development Corporation is beginning a search for a new CEO, and as the CEA's John Mozena writes in the Albany Times-Union, it's "an opportunity for New York to end its participation in the nationwide economic development race to the bottom." Obviously, simply putting a more forward-looking individual in the CEO's chair … Continue reading Albany Times-Union column: NY needs new leadership to lure businesses to the state
Crain’s Chicago Business column: Economic development deals risk ruining Chicago
In a new column at Crain's Chicago Business, CEA President John Mozena warns Chicagoans that their city's practice of piling fiscal burdens on everyone then exempting a few favored large taxpayers through economic development deals risks throwing the city into a spiral that is all too familiar to other once-great American cities: This spiral happens … Continue reading Crain’s Chicago Business column: Economic development deals risk ruining Chicago
