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Search results for "job creation" ...

  • Rural Center investigation

    Reporting that revealed questionable grant making, overstated job creation claims, breaking of rules, political influence, conflicts of interest and a large built-up cash balance of taxpayers money at the N.C. Rural Economic Development Center, the longtime leading agency for rural development in North Carolina. This reporting led to the creation of a new state agency to oversee and administer millions in rural grants in North Carolina; the transfer of about $100 million back to the state, including $27 million that had not been earmarked for any projects in rural areas. The reporting, along with a state audit that was subsequent to the reporting, also contributed to the abrupt resignation of the longtime president at the Rural Center and its chairman of the board. More than a half dozen board members recused from making decisions immediately after a story spotlighted conflicts and potential conflicts.
  • Landing Electrolux

    When Swedish company Electrolux announced plans to build a kitchen appliance factory in Memphis, many in the region hailed it as an economic development triumph. But it didn't come cheap. Government officials approved a massive package of money and perks for a company that has a history of leaving communities to cut costs and has made no guarantee to stay in Memphis for the long term. Officials performed minimal due diligence and signed away rights to recover most of the money if the company falls short of job-creation goals.
  • The KOZ Tax Giveaway

    This series examined Pennsylvania's Keystone Opportunity Zone development program. It found that some businesses that received tax breaks with a condition of job creation did not uphold their end of the arrangement. Penalties for this shortcoming went uncollected, while developers denied revenue to local school districts and failed to develop urban opportunity zones.
  • Win, Lose or Draw: Gambling for Jobs

    This series examines Kentucky's economic development program's failure to create jobs and alleviate poverty across the state, and especially in the poorest areas. Incentives given to businesses for more than 14 years did not result in the contractually agreed-upon number of new jobs. The state program was loosely monitored and shrouded in secrecy. Funds allocated for high tech job training were diverted to creation of malls and industrial parks that remained mostly vacant. Overall, after 14 years, Kentucky's poverty ranking was not improved by the development programs.
  • Business Incentives or Corporate Welfare?

    The Milwaukee Journal Sentinel investigated Wisconsin's incentives programs in this three-part series. "Wisconsin jumped on the incentives bandwagon in the mid-1980s in a big way, with programs and expenditures proliferating to meet or anticipate almost any demand expanding businesses might make. While state officials offered soothing assurances about accountability for the programs no one... had attempted to analyze the effectiveness of the programs..." The newspaper found: spending reached $1 billion during the past 12 years, "many of the state's largest... firms were the biggest recipients of state largess" and "job creation promises were overblown and poorly monitored."
  • Battling for Business

    Ohio municipalities have the authority to cut corporate property taxes to encourage industrial job creation and development, an incentive Lake County has used aggressively. The relocations have displaced hundreds of local jobs, about one for every three they've reportedly created, according to an analysis of county data. Further investigation showed that even jobs reportedly "created" are sometimes transferred from other places. This five-part series examines the issue.
  • Tax Breaks and Broken Promises

    Each year public officials give away millions of dollars in tax breaks to attract or retain big companies. In return, the businesses promise to create new, high-paying jobs. The Blade conducted two separate, three-month investigations -- one local and one statewide -- to see if corporations are keeping their promises. The investigation reveals that 55 percent of Toledo corporations that received tax breaks have not lived up to their end of the bargain, yet no company has ever been penalized for reneging on a deal. Statewide, The Blade finds that the Ohio Enterprise Zone program, a massive job creation effort that has given businesses hundreds of millions of dollars in tax breaks, has been so poorly managed that no one really knows if it works.