While Camden-based corporations have received more than $1.5 billion in state subsidies, the city consistently ranks as the poorest in the state, with a median annual income of $27,105 and a 36 percent poverty rate.
A local coalition, Camden We Choose, recently delivered petitions to their city council to force companies to disclose how many local residents they hire. If petition signatures are deemed valid, the council will either adopt the proposal this summer or kick it to the voters directly via a November ballot referendum…
Good Jobs First, a leading subsidy watchdog group, recently released a report analyzing 250 state-based economic development subsidy programs across the country. They found that just 37 of these programs disclose to the public the total number of jobs corporate recipients create with their subsidies, compared to the number they promised.”
Read the full story at Inequality.org
Read the Good Jobs First report, “Financial Exposure: Rating the States on Economic Development Transparency“
