Good Jobs First @GoodJobsFirst
A leading watchdog on corporate subsidies since 1998; Creator of Subsidy Tracker, Violation Tracker, Tax Break Tracker, etc. For more of our UK work: @VT__UK goodjobsfirst.org Washington, DC Joined March 2009-
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“Michigan’s lawmakers should leave film subsidies on the cutting room floor where they belong, and instead prioritize public investments in the health and well-being of residents that are the real foundations of our shared prosperity.” freep.com/story/opinion/… #mileg
This includes Indiana's privatized state economic development corporation board in charge of giving away public tax dollars. It refused to say how many jobs were created and what they paid. Jobs are the biggest justification for subsidies - the refusal to disclose is absurd.
This includes Indiana's privatized state economic development corporation board in charge of giving away public tax dollars. It refused to say how many jobs were created and what they paid. Jobs are the biggest justification for subsidies - the refusal to disclose is absurd.
New: Former Secretary of Commerce Brad Chambers' company still owes the city of Indianapolis nearly $70 million tied to a landmark development deal in 2011 — and is past due on his loan. Latest from me w/ @kaitlin_lange: mirrorindy.org/indiana-primar… 📷: @mykalmphoto
NEW: Our report with @GoodJobsFirst, "Perverse Incentive," found that deal fees generate 80% of the operating budgets of NY’s 107 IDAs, and for a third of IDAs, transaction fees account for 100% of their operating income. Read it ⬇️ reinventalbany.org/wp-content/upl…
.@GovPritzker, speaking in Maywood now, reiterates the point he made this morning: "Well, I'm highly skeptical of proposal that's been made and I believe strongly that this is not a high priority for legislators and certainly not for me..." #twill
.@GovPritzker, speaking in Maywood now, reiterates the point he made this morning: "Well, I'm highly skeptical of proposal that's been made and I believe strongly that this is not a high priority for legislators and certainly not for me..." #twill
.@politico covered a new report by @ReinventAlbany and us about New York State’s unelected local economic development agencies, which get the bulk of their funding from subsidy deal transaction fees. The more money they give away, the bigger their budget. politico.com/newsletters/ne…
FTC Non-compete rule has a bunch of excerpts from commenters who described how non-competes have affected them and their part of the market. The sort of thing that you are not likely to get from anything but a comment period on a rulemaking process.
A decade ago, Gov. Andrew Cuomo pitched an idea: Spend $225M to "re-shore" part of the solar industry. Fast forward. Costs skyrocketed to $959M. Tesla now runs the plant. And nearly all of its solar — that it both sells & uses — is outsourced. investigativepost.org/2024/04/10/tes…
“It was sold as a transformational project, but we were never told the transformation would include moving jobs a few blocks down the street,” said Mackinac Center's Michael LaFaive of the $60 million subsidy billionaire Dan Gilbert received in Detroit. bridgemi.com/business-watch…
“We never like to say ‘I told you so,’ but office space doesn’t create jobs, especially when it’s office space in a market with high vacancy rates, and tenants that move from three blocks away. That’s not economic development,” @GregLeRoy4 told @BridgeDet313.
“We never like to say ‘I told you so,’ but office space doesn’t create jobs, especially when it’s office space in a market with high vacancy rates, and tenants that move from three blocks away. That’s not economic development,” @GregLeRoy4 told @BridgeDet313.
.@_KarenHao at @ucbsoj offered excellent tips to go beyond the "AI can be good/AI can be bad" framing. A striking stat: one proposed data center will use the energy equivalent of 4 MILLION homes. And per @GoodJobsFirst, many data centers will be heavily subsidized - by us.
.@_KarenHao at @ucbsoj offered excellent tips to go beyond the "AI can be good/AI can be bad" framing. A striking stat: one proposed data center will use the energy equivalent of 4 MILLION homes. And per @GoodJobsFirst, many data centers will be heavily subsidized - by us. https://t.co/tOm5ZbBcN9
Thank you to the @TaubmanCenter for hosting Adams and Reese Government Affairs Advisor Laura DiBella @FollowMeToFL for an important discussion on #economicdevelopment. Laura was joined by Greg LeRoy, executive director @GoodJobsFirst. #harvardkennedyschool #taubmancenter #jobs
Economists are actually very much in agreement on whether the Coyotes leaving will have a significant impact on the Arizona economy (LOL, no), except for the one guy who used to work for the Coyotes. The answer must lie somewhere in the middle! fieldofschemes.com/2024/04/18/213…
Amazon has shed jobs at its HQ2 rather than create them. But Virginia was smart about the way it structured its subsidies so until (unless) Amazon hits hiring and other targets, it won't get the full amount. Performance-based incentives = best practice washingtonpost.com/dc-md-va/2024/…
If you want to read an excellent piece on this, check out @GoodJobsFirst’s work: goodjobsfirst.org/how-economic-d…
Today Maine House members had a chance to vote down LD 2258, a $2m corporate tax giveaway to the wealthy. Instead they showed once again corporate interests own state politics, and they will take money from the pockets of Mainers to pad their profits. #mepolitics
If LD 2258 becomes law, Diamond Baseball Holdings will get $2m in tax breaks for stadium repairs they have largely already completed, retroactive to last fall. They are owned by one of the biggest private equity companies in the world with $100 billion+ invested #mepolitics
Rather than being hailed a "visionary," billionaire Dan Gilbert should be called out for misleading officials/the public as he secured hundreds of millions in subsidies. He promised new jobs but all along his apparent plan was to poach workers a mile away. deadlinedetroit.com/articles/31843…
Whole books and reports have been written about the ways companies scour the globe for economic development subsidies. A new Financial Accounting Standards Board rule offers a tiny window to this global practice and how much companies really get 🌍 #FASB goodjobsfirst.org/the-fasb-files…
Billionaire Dan Gilbert promised big things at his Hudson Detroit site - including thousands of job in exchange for hundreds of millions in taxpayer subsidies. Now, looks like jobs are headed to Hudson...from GM's RenCen building less than a mile away. freep.com/story/money/ca…
Jonah Furman @JonahFurman
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20K Followers 20K Following Socialist. Trade Unionist. Anti-Racist. Anti-Fascist. Married to @esooze. Any & all opinions are mine alone. Mastodon: https://t.co/78drp7TAG7“Michigan’s lawmakers should leave film subsidies on the cutting room floor where they belong, and instead prioritize public investments in the health and well-being of residents that are the real foundations of our shared prosperity.” freep.com/story/opinion/… #mileg
NEW: Our report with @GoodJobsFirst, "Perverse Incentive," found that deal fees generate 80% of the operating budgets of NY’s 107 IDAs, and for a third of IDAs, transaction fees account for 100% of their operating income. Read it ⬇️ reinventalbany.org/wp-content/upl…
.@ChicagosMayor: "This project will result in no new taxes on the residents of Chicago." This is the argument the Bears and White Sox have been using to justify continued use of the hotel tax. It's still a public subsidy. And it will require approval from Springfield. #twill
The Chicago Bears are about to share how much they want from Illinois taxpayers to build a new stadium in Chicago. The real question is— how will they get it through the Illinois legislature? Follow along for some update #twill
Thrilled and deeply honored to receive this award from journalists I’ve long admired. So grateful to everyone who makes this work possible. This is an incredible moment to get to cover the present of work. Wherever you work, please bring me your stories! hillmanfoundation.org/hillman-prizes…
@josheidelson of @BW wins 2024 Hillman Prize for Magazine journalism for his tireless and impactful coverage of labor and workplace issues like deplorable working conditions at Dollar General. hillmanfoundation.org/hillman-prizes…
NEW: Algorithms enable companies to fix prices without explicitly coordinating with one another, posing a new test for regulators policing the market, FTC Chair Lina Khan said Tuesday at a media event hosted by @KFF. @jrovner & @DavidHilzenrath report. ⤵️ kffhealthnews.org/news/article/f…
BREAKING: The Bears plan for new stadium includes $4.6 billion price tag, with about half of it coming from the taxpayers. @chicagotribune scoop chicagotribune.com/2024/04/23/ske…
@FTC just BANNED noncompetes as an unfair method of competition! Noncompete clauses disadvantage workers and hurt the economy. With this important move, workers across industries can enter employment without fear of being held back by these unfair clauses! @Public_Citizen
Analysis: GM move from Ren Cen a ‘loser’ for Detroit coffers after subsidies bit.ly/4b6y0md
BREAKING 🚨: Amazon workers will be first in UK to decide on union recognition 📷 💪Big Win by the @GMB_union & the Coventry brave! uniglobalunion.org/news/amazon-wi… #MakeAmazonPay
TL;DR. Reduced @SLPS_INFO revenues from Abatement + TIF increased a hefty 8% from 2022 to 2023 (to $34.25M). This amount represents over $2,000 per K-12 student. The total of reduced revenues since such GASB reporting was required in 2017 now exceeds $200,00,000.
tfw you see the increase in abated property taxes and TIF from the latest @SLPS_INFO ACFR.
Thank you to the @TaubmanCenter for hosting Adams and Reese Government Affairs Advisor Laura DiBella @FollowMeToFL for an important discussion on #economicdevelopment. Laura was joined by Greg LeRoy, executive director @GoodJobsFirst. #harvardkennedyschool #taubmancenter #jobs
DAMMIT! Experts are absolutely, NOT divided on this subject. The answer is clear and unambiguous: sports teams have little to no economic impact on host cities. The guy who says the team has a large economic impact was hired by the team to say so. Enough with the false balance!
How much could a Coyotes' departure cost Arizona? Experts are divided azcentral.com/story/sports/n…
What if states stopped engaging in this race to the bottom, where businesses pit states against each other, and instead of giving away money to help those who are already enormously rich get richer, we…did something else with it?? #mepolitics
Bills like this show exactly why inequality is so entrenched, because even good, smart people believe the threats of wealthy and powerful business interests. “You better give us a tax break, or we will leave and your economy will pay.” #mepolitics
In @TheBuffaloNews, Erie County Executive Mark Poloncarz says tax breaks for luxury housing are "unacceptable" buffalonews.com/news/local/bus…
Never billionaire praising on main but if one company (the one that operates almost entirely in California!) can figure out how to stay profitable after a wage increase without raising prices, maybe the rest of you should stop crying about workers finally getting a livable wage?
Just as @linakhanFTC said on the @TheDailyShow, when companies aren't worried about harming consumers and workers, they are signaling monopoly power.
On the back of the Labour Party's announcement that they will recruit & train 5,000 new tax compliance staff in the UK... a short piece on why well resourced tax authorities are crucial to both tax justice and private sector productivity improvements fairtaxmark.net/taxgap/
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