Researchers found no significant economic differences between the immediate areas around new NFL stadiums vs those around rejected runner-up sites, which is consistent with *gestures at everything everyone in this room has been publishing for years*.

Liveblog: What economists are telling us this year about sports stadiums

I unfortunately had to cancel my trip to this year's sports economics conference at University of Maryland-Baltimore County starting today, but friend of Field of Schemes John Mozena of the Center for...

fieldofschemes.com

ngl, I was expecting The Undertaker.

CJ Fogler@cjzero.bsky.social · 11mo ago

So we had the lights go out during a 2 point conversion and now they go out in the middle of a drive for Michigan hoops

Get excited for Episode 132 of the Free the Economy podcast, "Corporate Responsibility and Taxpayer Protections with @johnmoz.bsky.social." (Interview starts ~ 7:45) www.buzzsprout.com/2096503/epis...

Corporate Responsibility and Taxpayer Protections with John Mozena - Free The Economy

This week we cover Trump tariffs, Obama’s endorsement of housing abundance, and why the green energy industry needs more market discipline. Our interview this week is with John Mozena, president of th...

buzzsprout.com

The world of responsible investing has taken a hit recently, but one principle that shouldn't be controversial is "No welfare for billionaires." See the new study from @johnmoz.bsky.social and myself on why companies should swear off taxpayer giveaways and special deals: cei.org/publication/...

Corporate Social Irresponsibility - Competitive Enterprise Institute

Executive summary State and municipal governments across America are engaged in a massive transfer of public resources to private corporate interests in the name of economic development. However, the ...

cei.org

I, for one, am SHOCKED that a consulting firm part-owned by Jerry Jones of the Dallas Cowboys and Hank Steinbrenner of the New York Yankees would be anything but scrupulously rigorous in its assessment of the economic impact of professional sports teams on their communities.

Geoffrey Propheter@gpropheter.bsky.social · last yr.

Suppose I attend a conference in Denver, get a hotel room, and eat a Subway. Acc to CSL, the Subway gets to count my conf fees, room fees/taxes as econ imp. And so can the conf and the hotel. So now all my spending gets counted x3. Please stop being terrible at thinking ourrfk.dc.gov/sites/defaul...

In the last two years, Twitter/X data center was exempt from paying $12 million in property taxes in Hillsboro. This money, if paid, would go to support public services, like the local fire department which fire fighters, despite everything, rushed to help.

Mike Rogoway@rogoway.bsky.social · last yr.

Outages spiked on the social media site X this morning, right after a fire broke out in a data center adjoining X's facility in Hillsboro.

Forget the Indianapolis 500 and the Monaco Grand Prix, I had the best motorsports experience this weekend.

@edsbs.bsky.social @hollyanderson.bsky.social Crushed to miss @channel6.bsky.social visit to Ann Arbor this year; son got me & my wife tickets to Devo show that night for our anniversary. Apologies in advance if any questions about Japanese aircraft carriers and/or GMAC Cash go unanswered. Go Blue.

Subsidizing stadiums is always dumb, but writing teams a blank check in a time of incredible economic uncertainty after voters already rejected a previous proposal is a special kind of Big Dumb.

Jonathan Shorman@jonshorman.bsky.social · last yr.

The Missouri House has gaveled to order. We're expecting a debate on a funding package for the Chiefs and Royals. @kacen.bsky.social is at the Capitol. Here's our story this AM www.kansascity.com/news/politic...

Figured it out: Stephen Miller is what would have happened if Pauly Shore had gotten sorted into Slytherin.

No, free(r) trade, especially NAFTA, did not kill American manufacturing employment. Manufacturing as a share of the U.S. workforce had been falling steadily for decades when NAFTA was signed in 1992, and it kept falling steadily afterward.

Jeff Bezos loves free markets, but does he love them enough to end Amazon’s addiction to corporate welfare?

Will Amazon choose free markets or corporate welfare?

Will Jeff Bezos put his money where his mouth is and end his company's participation in economic development subsidies?

reason.org

Caught strays in New Years Eve @cardsagainsthumanity.com

I didn’t realize Dick Clark’s Rockin’ Eve was going to be open-casket.

Charlotte's $650 million in subsidized renovations for privately owned Bank of America Stadium wins our Worst Economic Development Deal of the Year Award for 2024. Cost, poor transparency, bad ROI arguments and a partner's past history all played a role. economicaccountability.org/2024/12/30/c...

Charlotte’s Football Stadium Renovations Named 2024’s “Worst Economic Development Deal of the Year” by The Center for Economic Accountability

December 30, 2024 – The Center for Economic Accountability has given its “Worst Economic Development Deal of the Year Award” for 2024 to Charlotte, N.C.’s city government for its deal to spend $650…

economicaccountability.org

My car tire looks like a Mille Bornes card

There's bad economic development policy, really bad economic development policy, REALLY REALLY bad economic development policy, and then there's my home state of Michigan:

“If there are flaws in the system, the last thing the governor should be doing is pushing forward to kill people before those flaws are fixed,” said Nicholas Sarwark, executive director of the Libertarian Policy Institute. www.kjzz.org/politics/202...

Critics call on Hobbs to complete 'independent' death penalty review

A diverse collection of groups from across the political spectrum are calling on Gov. Katie Hobbs to complete an independent review of how the state carries out executions.

kjzz.org

Some good news: At 4 pm today, the agenda for tomorrow's MI Senate Economic Development committee meeting was revised to remove the film subsidy bills. I'm hearing there's enough bipartisan opposition to make Senate passage unlikely...for now at least. Hooray!

John Mozena@johnmoz.bsky.social · 2y ago

Hollywood sequels suck, especially this one. Like Jason from a grave, Palpatine from a clone tank or Mickey Rourke from rehab, film subsidies are making an attempted comeback in Michigan thanks to legislation from @senpolehanki.bsky.social, @jeremymoss.bsky.social & @erikageiss.bsky.social. #mileg

Stadiums don’t have to be a drain on taxpayer dollars − 4 lessons from St. Louis theconversation.com/stadiums-don... #STL #stadiums #moleg @johnmoz.bsky.social

Stadiums don’t have to be a drain on taxpayer dollars − 4 lessons from St. Louis

The newest stadium in St. Louis is a case study in ‘patient capital.’

theconversation.com

Hollywood sequels suck, especially this one. Like Jason from a grave, Palpatine from a clone tank or Mickey Rourke from rehab, film subsidies are making an attempted comeback in Michigan thanks to legislation from @senpolehanki.bsky.social, @jeremymoss.bsky.social & @erikageiss.bsky.social. #mileg

a close up of a person wearing a jason voorhees helmet in the dark .

ALT: a close up of a person wearing a jason voorhees helmet in the dark .

media.tenor.com

Worse game plan: Ryan Day or Yoon Suk Yeol?

It's the most wonderful time of the year.

Center for Economic Accountability@accountableecon.bsky.social · 2y ago

Since 2018, we've scoured the country to identify the Worst Economic Development Deal of the Year. Nominations are open for this year's award, tell us below what 2024 boondoggle you think should win this coveted(?) honor and why. Learn more: economicaccountability.org/worstdealoft...

Supply and demand works for housing, and if a city lets people build more places to live it will cost less to live there. For Midwestern cities (and other places) that are trying to fight off stagnation and decline, legalizing new housing is an economic development cheat code.

Tina Smith@smith.senate.gov · 2y ago

So proud of the great work happening in Minneapolis, which shows that boosting housing supply helps make homes more affordable.

Just in case anyone in Detroit thought that Dan Gilbert was only willing to screw the people of *our* city in the pursuit of taxpayer-funded profits.

Field of Schemes@fieldofschemes.bsky.social · 2y ago

And this isn't likely to be the end of it: There's another ask for another $30m in potential Gateway spending around the corner, and unless construction costs come down or Clevelanders start smoking more, likely more budget gaps to fill beyond that.

We're facing off against the combined power of big business and big government. We've got facts and data on our side, but we need your support as well. economicaccountability.org/support/

Support the CEA

Thank you for your interest in supporting The Center for Economic Accountability’s mission to bring transparency, accountability and free-market-based reforms to state and local economic deve…

economicaccountability.org

"John Mozena, president of the Center for Economic Accountability, said that data centers are some of the 'dumbest things a state can subsidize.'” www.michigancapitolconfidential.com/news/legisla...

Legislature extends tax breaks for data center that brought only 2.6% of promised jobs

Bill could reduce state revenue by more than $90 million, says Senate Fiscal Agency

michigancapitolconfidential.com

Film offices exist to subsidize films, not protect the public interest. Georgia audits uncovered that its state film office not only reimbursed producers for expenses like parking tickets and "lost petty cash," but also counted workers at multiplex concession stands as "film industry jobs."

Nate Jensen@natemjensen.bsky.social · 2y ago

Rhode Island did an evaluation of film incentives. In their report they summarize state evaluations can compare them with (film commission) private evaluations. States find that film incentives lose money. Lots of money! Films commissions find...

On the Cato Daily Podcast, CEA president @johnmoz.bsky.social and Cato's Stephen Slivinski dug into the way state and local economic development programs are more about Election Day "job creation" for the politicians who run them than economic factors in our communities. www.cato.org/multimedia/c...

Apparently a whole lot of people are coming here; I’m seeing a sudden influx of followers. Welcome, but fair warning I don’t post a hell of a lot here. (That might change? I dunno.)