In honor of Economic Development Week, the CEA has performed an analysis of all 50 state economic development agencies' reported "job creation" results to determine just how much they claim to be delivering in results for their massive, multi-billion-dollar price tags. The result? Fewer than 625,000 jobs a year across the country, or less than … Continue reading State economic development agencies’ own data shows how little they matter
CEA President to Michigan Strategic Fund Board: “Please, just stop.”
On February 13, the Michigan Strategic Fund board voted to approve a $210 million grant and other incentives to Ford Motor Company, as part of a reported $1 billion in subsidies for a battery plant in Marshall, Mich. The only public comment at the meeting came from Center for Economic Accountability President John C. Mozena, … Continue reading CEA President to Michigan Strategic Fund Board: “Please, just stop.”
CEA statement on subsidized Ford/CATL battery plant project in Marshall, Mich.
Statement by John C. Mozena, president of the Center for Economic Accountability, on the reported $1 billion-plus public subsidy for a Ford/CATL battery plant in Marshall, Mich. Either the Marshall site is the best place for Ford’s proposed EV battery plant with CATL, or it isn’t. If it is, then Michigan’s taxpayers are getting screwed. … Continue reading CEA statement on subsidized Ford/CATL battery plant project in Marshall, Mich.
Georgia’s Rivian Plant Subsidy Recognized as 2022’s “Worst Economic Development Deal of the Year” by the Center for Economic Accountability
Insufficient due diligence, speculative returns, lack of concern for local impacts and convoluted structure set project apart in a historic year for corporate welfare megadeals. December 27, 2022 – Georgia’s $1.5 billion subsidy of a Rivian electric vehicle assembly plant has been selected as the “Worst Economic Development Deal of the Year” for 2022 by … Continue reading Georgia’s Rivian Plant Subsidy Recognized as 2022’s “Worst Economic Development Deal of the Year” by the Center for Economic Accountability
Cato Daily Podcast: 2022’s Big State Subsidy Binge
CEA President John Mozena joined the Cato Daily Podcast to discuss 2022's unprecedented slew of gigantic corporate welfare deals, including how federal policy drove harmful decisions at the state and local level. Listen to the podcast here or wherever you get your podcasts.