States are spending billions per year on corporate tax credits, grants and other economic development subsidies that often require little if any job creation and lack wage and benefit standards covering workers at subsidized companies. These are the key findings of Money for Something: Job Creation and Job Quality Standards in State Economic Development Subsidy Programs, a study published today by Good Jobs First, a non-profit research center based in Washington, DC. It is available at www.goodjobsfirst.org.
“With unemployment still so high, taxpayers have a right to expect that economic development investments create significant numbers of quality jobs,” said Good Jobs First Executive Director Greg LeRoy. “If subsidies do not result in real public benefits, they are no better than corporate giveaways,” added Good Jobs First Research Director Philip Mattera, principal author of the report.
To read the full, original article click on this link: Report: States Spend Billions on Economic Development Subsidies that Don’t Require Job Creation or Decent Wages «
