Five Ways That Corporate and Economic Development Subsidies Fuel Racial Inequality  - Reinvent Albany

Five Ways That Corporate and Economic Development Subsidies Fuel Racial Inequality  - Reinvent Albany

Corporate subsidies are unfair in lots of ways: They funnel public money to wealthy business owners at the expense of the general public; they create interstate “races to the bottom” where governors and legislators feel they can only lure business to their state by bribing them with tax breaks. But do they also fuel racial inequality? That’s the conclusion of Good Jobs First director Greg LeRoy, who writes in Nonprofit Quarterly that he’s identi…