The parent company and subsidiaries of the largest bank in Britain and Europe--the Hong Kong and Shanghai Banking Corporation (HSBC)--have racked up significant penalties from 35 settlements since 2000, according to data in the Good Jobs First
"They're just acting like this is another secret deal," said Greg Leroy, head of Good Jobs First
, a nonprofit group that tracks economic development spending.
Oil and gas conglomerate Koch Industries and its subsidiaries have received at least $422,796,782 in local, state and federal subsidies beginning in 2007, according to research by the (https://checksandbalancesproject.org/) Checks and Balances Project using the subsidy tracker built by (https://subsidytracker.goodjobsfirst.org/prog.php?parent=koch-industries&page=3) Good Jobs First
"This is the trophy deal of the decade as far as I can tell," said Greg LeRoy, the executive director of Good Jobs First
, a non-partisan research group that tracks economic development.
Additional incentives provided by governments since 2014 have driven the total value of public handouts that Amazon has received to well over $1 billion, according to data compiled by Good Jobs First
Author Bill Holstein, Tess Posner from TechHire, Eric Hansen from Economic Transformations Group, Paul Bateson from the Edward Lowe Foundation, Patricia Greene from Babson University, Maria Meyers from Sourcelink, Eric Pages from Entreworks, Greg Leroy from Good Jobs First
, just to name a few.
"So much for incentives stimulating an economy that's suffering," said Greg LeRoy, executive director of Good Jobs First
, a Washington D.C.-based group that studies tax incentives.
Greg LeRoy, executive director of Good Jobs First
, a watchdog organization that seeks to promote accountability for public programs subsidizing economic development, says he first understood how crucial transparency was for accountability back in the late 1970s, when he worked for National People's Action (NPA), a grassroots social justice network.
In a study of 240 subsidies, each $75 million or more, The Good Jobs First
group found that the average job created by one of these megadeals had a price-tag of $456,000.
Corporate welfare is alive and well in America, and the biggest corporations are raking in the most cash, according to a March 2015 report from the government-accountability organization Good Jobs First
Good Jobs First
a nonprofit group that is skeptical of business subsidies, is particularly critical of giving money to retailers, saying they don't pay well or create spinoff jobs, the AP reported.
Good Jobs First
is a Washington, D.C., nonprofit that aims to promote corporate and government accountability in economic development.