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The Latest Breaking News from Good Jobs First

These New York Agencies Benefit From Giving Away Taxpayer Money

A report from Good Jobs First found that 80 percent of state development agency revenue comes from fees: The more tax money they give out, the more they get to keep.

Reason

Virginia Arena Deal Collapse Sparks Bitter Recriminations

Proposed relocation of Washington Wizards and Capitals to Virginia falls through, sparking blame game and uncertainty about economic impact.

Top News

St. Louis Schools Lost $260 Million to Economic Development Subsidies

According to a report from Good Jobs First, St. Louis' public schools took the brunt of the loss at nearly 65 percent of the total.

Reason

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State Governments Promised Private Companies More than $10 Billion in Subsidies Last Year

The statistic, compiled by watchdog group Good Jobs First, only takes into account "megadeals" involving at least $50 million in subsidies.

Reason

'War of the states': EV, chip makers lavished with subsidies

States are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as they dig deeper into their pockets to attract big employers and capitalize on a wave of huge new projects

The Independent UK

Hyundai factory groundbreaking highlights EV promise and challenges

SAVANNAH, Ga. – Inside the glitzy Enmarket Arena, VIPs and residents crowded around shimmering Hyundai, Kia and Genesis electric vehicles and concept cars in a scene reminiscent of an international auto show.

Tribune News Service

Hyundai breaks ground on massive Georgia EV plant

SAVANNAH, Georgia ― Hyundai Motor Group held a ceremonial groundbreaking Tuesday near Savannah for its $5.54 billion electric vehicle “Metaplant,” its biggest investment outside South Korea, a future-defining wager in electrification and the largest economic development project in Georgia history.

Tribune News Service

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There’s a billion-dollar bidding war for EV plants across the US

Michigan Governor Gretchen Whitmer wasn’t happy. Ford Motor Co., a company whose very name is synonymous with Detroit, had just announced it had chosen two southern states, Tennessee and Kentucky, as sites for an $11 billion electric-vehicle project.

People

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Atlanta JournalConstitution

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