#CortexIDA
I heard the term “cynical money grab” on NPR this morning. Very apt for #CortexTIF & #CortexIDA
December 6, 2024 at 12:54 PM
The City of St. Louis' Industrial Development Authority is featured in this recent report from @goodjobsfirst.org
"STL is rated: Below Transparency Expectations"
See pg 66.
The #IDAstl has issued bonds for Cortex, generating funds that have more far more flexibility than TIF
#CortexTIF #CortexIDA
🔎 Our new study looked at the transparency of programs across the U.S. that give economic development subsidies. Of 220+ cities, we found most revealed the name of the company getting the subsidy, but few tracked *actual* jobs created (8%) or what the jobs pay (1%).
goodjobsfirst.org/study-most-s...
Study: Most Small- and Medium-Sized Cities Disclose Development Deals to Some Degree, But Few Do It Well    - Good Jobs First
Study: Most Small- and Medium-Sized Cities Disclose Development Deals to Some Degree, But Few Do It Well    - Good Jobs First
goodjobsfirst.org
December 17, 2024 at 3:52 PM