“As things stand now,” South Korean President Lee Jae Myun said, “our businesses will hesitate to make direct investments in the United States.”
Studios certainly appreciate free money, but lower fixed costs on labor are a much better incentive than tax credits they don't use.
If Trump kills the deal over the team changing its name, he'd be doing the right thing but in perhaps the most corrupt possible way.
"I would love an intellectual ecosystem in economics that was more ideologically balanced than what we have now," the Harvard professor tells Reason.
Two business owners are suing the city of Perth Amboy for using eminent domain to seize their property based on unsubstantiated allegations of blight.
Brentwood business owners are challenging the city’s definition of blight in an ongoing lawsuit against city officials' use of the dubious designation to invoke eminent domain.
A Utica, New York, land grab offers the justices an opportunity to revisit a widely criticized precedent.
The English city protects its historical sites while embracing growth and redevelopment.
The case gives the Supreme Court an opportunity to revisit a widely reviled decision that invited such eminent domain abuses.
The newly published paper found that Amazon's entry in a metro area led to increases in wages, jobs, and home values.
Market-based economies create incentives that unleash human creativity and provide incredible abundance.
Three American economists win Nobel Economics Prize for showing how free markets and democratic governance engender prosperity.
George Norcross III's alleged actions are almost cartoonishly corrupt. But for economic development programs, it's not too far off from business as usual.
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.
Copper Peak revitalization was pitched as an economic development project for the Upper Peninsula, which already has two working ski jumps.
Smokestack-chasing is out. A diversified economy based on environmental protection is in. But will it work?
The tax credits currently rank as the largest subsidy in state history.
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.
The statistic, compiled by watchdog group Good Jobs First, only takes into account "megadeals" involving at least $50 million in subsidies.
The bulk of the employees may be able to find work elsewhere within the company, but the state could still be on the hook for the promised cash.
If states insist upon giving away taxpayer money to private companies, the least they can offer in return is transparency.
Q&A with the author of the book Elon Musk calls "an excellent explanation of why capitalism is not just successful, but morally right."
But will it solve the team's attendance woes? Probably not.
Apparently $600 million to improve a very nice stadium isn’t enough.
Alex Gladstein on how "monetary colonialism" has crippled the Third World
A good example of why so few stadium deals end up on the ballot.
In a new report, the Center for Economic Accountability analyzed economic development data from all 50 states and the District of Columbia, and there's very little to show for billions in annual spending.
Land use policies explain the battles over everything from the Great Recession to abortion to Donald Trump.
The U.S. remains the top destination for the world's immigrants—but it must be careful not to squander its immigration advantage.
Rivian, an electric truck manufacturer that hopes to compete with Tesla, received a lucrative deal to build a new factory in Georgia despite concerns about its finances.
Eventually the player realizes nothing is getting built and quits.
The president has touted a factory jobs boom. In practice, that means forcing people out of their homes to benefit corporate projects that rely on billions of dollars of subsidies.
Cruel NIMBYism hides in call for historic preservation.
Liberal ideas are beginning to gain traction on the world's poorest continent.
President Donald Trump and Gov. Scott Walker promised thousands of jobs in return for billions of dollars in subsidies from the state. More than two years later, there's little to show for it.
The symposium includes contributions by Adam Thierer, Mikayla Novak, Max Borders, and myself. The relationship between exit and voice is as important an issue as ever.
Event production is one of the less visible victims of the virus. Recreating their services when such companies die won't be easy.
The Taiwan-based tech company promised to open "innovation centers" in several cities around the state. But now those are on hold, too.
Milton Friedman famously observed that "nothing is so permanent as a temporary government program." The rare demise of a government program, it seems, is temporary too.
Economists debunk the state government's claims about the size of the film industry.
A local development study didn't evaluate whether government incentives had anything to do with a business's decision to invest.
