Source:1574Gordon Russell; Lee Zurik; Greg LeRoy; Alejandra Cancino
Affiliation:The Advocate; WVUE-TV; Good Jobs First; the Chicago Tribune
States and localities spend >$70 billion per year to attract and retain businesses – sometimes at hundreds of thousands of dollars per job – yet many deals fail to deliver. Economic development subsidies are often arcane and opaque, and the number and cost of high-profile “megadeals” (like Boeing and Tesla) have mushroomed. The costs are straining state budgets and becoming political hot potatoes in many states. Learn from three aggressive investigators from Louisiana and Illinois and a non-profit resource center dedicated to such research.