Georgia gubernatorial candidate David Perdue said this week that incumbent Governor Brian Kemp provided state-backed financial incentives to an electric vehicle (EV) manufacturer tied to George Soros. Bloomberg reported this week that Soros does invest in the EV company Rivian.Read More
Georgia officials recently announced that the company Rivian will construct a $5 billion Electric Vehicle (EV) manufacturing plant in Morgan and Walton counties, but no one knows how much money the company took in government incentives. This, according to a statement that the Washington, D.C.-based Good Jobs First issued this month. According to its website, Good Jobs First is a policy resource center that promotes corporate and government accountability in economic development.Read More
A Washington, D.C.-based group said in a new report that Georgia is one of only six states that do a good job disclosing how they spend COVID-19 relief money. Members of this organization, Good Jobs First, in a report they released Monday, ranked how states spend federal CARES Act money.Read More
The Washington, D.C.-based Good Jobs First has released a list of healthcare providers nationwide who have accepted CARES Act money, and Tennessee entities are among them.
Good Jobs First officials announced the news in a press release on their website.Read More
Tennessee lost more than $159 million in revenue to tax abatement programs in 2018.
The state also lost $226 million to these programs in 2017.Read More
Tennessee officials reportedly made concessions to Volkswagen to get the company to construct a new electric vehicle plant in Chattanooga, according to The Chattanooga Times Free Press. But, as the paper went on to say, state residents may not yet see a list of those concessions, which are apparently financial.…Read More
Government officials are “whipsawed” into handing out corporate welfare and other tax incentives to companies like Amazon, as they did this month in Tennessee, among other places, according to the head of a Washington D.C.-based nonprofit. This is especially true as government officials try to entice a company to come…Read More
The state of Tennessee has thus far given Volkswagen $818.8 million in corporate subsidies, going back several years. Nissan, meanwhile, got $536.7 million. DowDuPont received $486.7 million in subsidies. These are among the latest updates from Good Jobs First, a Washington, D.C.-based policy resource center that monitors corporate subsidies nationwide.…Read More
A federal appeals court just ruled that states that hand out TV and film credits — as Tennessee does — can prosecute people who lie or mislead to get those corporate welfare benefits. Tennessee gave out millions of dollars in incentives to the fictionalized TV drama “Nashville” and more than…Read More