Bloomberg CityLab wrote about our new study, “Abating Our Future: How Students Pay for Corporate Tax Breaks.” Reporter Patrick Sisson looked at the shortcomings of economic development subsidies more broadly.
See his Tweet thread about his findings here.
“Anybody understands that companies go where the talent is. Instead, we normalize that cities can bribe companies,” Queens Assemblymember Ron T. Kim, who fought against Amazon HQ2, told Sisson.
Michael Ferren, a research Fellow at the Mercatus Center at George Mason University, contradicted long-made claims subsidies drive prosperity: “Academic research shows subsidies don’t work in creating economic growth.”
Read the full story here.