Source: Good Jobs First, November 2016
From the press release:
Good Jobs First today announced a significant expansion of its Subsidy Tracker database, the only national search engine capturing company-specific economic development incentive awards from the federal government, all 50 states and many localities.
Increasing its coverage of cities and counties, Subsidy Tracker has added 10,000 entries from 204 newly-included local programs in 25 states. The update also includes data from 24 new state programs as well as new entries for hundreds of the existing programs in the database. Subsidy Tracker now contains 525,000 entries worth more than $260 billion from 972 federal, state and local programs. ….
…The expansion of local subsidy data foreshadows the tsunami of corporate welfare data that will flow in 2017-2018, pursuant to Governmental Accounting Standards Board Statement No. 77 on Tax Abatement Disclosures. Under this new accounting rule, more than 50,000 state and local government bodies will report how much revenue they have lost to corporate tax breaks granted in the name of economic development.