The Business Journals
Kent Hoover
Washington Bureau Chief
Two-thirds of state economic development spending benefits big businesses, according to a sample of three states analyzed by Good Jobs First...
“State economic development resources are skewed to create a ‘winner-take-all’ economy where large corporations win the lion’s share of job subsidy spending,” Good Jobs First’s study concludes.
“There’s a galling mismatch between how governors and other state officials characterize their support for small businesses and what they actually spend,” said Greg LeRoy, executive director of Good Jobs First.
The Washington, D.C.-based organization promotes accountability in economic development.
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