The Center Square: Economic experts weigh Youngkin’s decision to halt Ford plant
While Virginia Governor Glenn Youngkin may have blamed a Chinese partner for stopping the state’s offer of a planned economic development subsidy for a joint battery plant with Ford, economics praised the decision.
“We know that subsidizing projects like this is actually bad economic policy,” John Mozena, president of the Center for Economic Accountability told The Center Square. “Maybe accidentally, maybe unintentionally, [Youngkin] is making the correct economic decision based on all of the research and all of the real world evidence about how little a role subsidies play in changing a company’s site selection decision.”
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