{"id":12813,"date":"2024-02-03T16:31:05","date_gmt":"2024-02-03T16:31:05","guid":{"rendered":"http:\/\/lonecandle.com\/?p=12813"},"modified":"2024-02-03T16:31:05","modified_gmt":"2024-02-03T16:31:05","slug":"state-governments-promised-private-companies-more-than-10-billion-in-subsidies-last-year","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=12813","title":{"rendered":"State Governments Promised Private Companies More than $10 Billion in Subsidies Last Year"},"content":{"rendered":"\n<p>\n\n&#8220;Governments often&nbsp;<a href=\"https:\/\/reason.com\/2024\/01\/25\/picking-winners-and-losers\/\" target=\"_blank\" rel=\"noreferrer noopener\">make deals<\/a>&nbsp;with private companies, offering generous subsidies to encourage development in their respective states. The year 2023 was unfortunately no exception.<\/p>\n\n\n\n<p>According to a&nbsp;<a href=\"https:\/\/goodjobsfirst.org\/2023-a-year-of-megadeals-in-review\/\" target=\"_blank\" rel=\"noreferrer noopener\">new report<\/a>&nbsp;from Good Jobs First, a watchdog group that tracks economic development deals, 16 states promised more than $10 billion to private companies last year. The group counted 23 &#8220;megadeals,&#8221; which it defines as any agreement involving at least $50 million in subsidies to a private company.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed-wordpress wp-block-embed is-type-wp-embed is-provider-reason-com\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"4E94UXN8DW\"><a href=\"https:\/\/reason.com\/2024\/01\/05\/state-governments-promised-private-companies-more-than-10-billion-in-subsidies-last-year\/\">State Governments Promised Private Companies More than $10 Billion in Subsidies Last Year<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;State Governments Promised Private Companies More than $10 Billion in Subsidies Last Year&#8221; &#8212; Reason.com\" src=\"https:\/\/reason.com\/2024\/01\/05\/state-governments-promised-private-companies-more-than-10-billion-in-subsidies-last-year\/embed\/#?secret=gojIr8h1T7#?secret=4E94UXN8DW\" data-secret=\"4E94UXN8DW\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Governments often make deals with private companies, offering generous subsidies to encourage development in their respective states. The year 2023 was unfortunately no exception.<br \/>\nAccording to a new report from Good Jobs First, a watchdog group that tracks economic development deals, 16 states promised more than $10 billion to private companies last year. The group counted 23 &#8220;megadeals,&#8221; which it defines as any agreement involving at least $50 million in subsidies to a private company.&#8221;<\/p>\n<p>https:\/\/reason.com\/2024\/01\/05\/state-governments-promised-private-companies-more-than-10-billion-in-subsidies-last-year\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[1469,1193,238,683],"class_list":["post-12813","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-government-intervention","tag-government-spending","tag-subsidies","tag-subsidy"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/12813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12813"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/12813\/revisions"}],"predecessor-version":[{"id":12814,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/12813\/revisions\/12814"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}