Skip to content
December 2, 2012 / needhamgrassroots

Corporate Welfare

Massachusetts spends at least $2.26 billion per year on incentive programs, according to the most recent data available.

That is roughly:

  • $345 per capita
  • 7¢ per dollar of state budget

The New York Times spent 10 months investigating business incentives awarded by hundreds of cities, counties and states. Since there is no nationwide accounting of these incentives, The Times put together a database and found that local governments give up:

  • $80.4 billionin incentives each year
  • 1,874No. of programs

State Money Flow

Choose a state on the map to see which companies receive the most money and which incentives programs are the most lucrative. The state that gives out the most incentives isTexas »

$100 Million Club

The Times identified 48 companies that have received more than $100 million in state grants since 2007. Some 5,000 other companies have received more than $1 million in recent years.

General Motors  Royal Dutch Shell Ford Chrysler General Electric Boeing Amazon Ryman Hospitality Properties (formerly Gaylord Entertainment) Revel Entertainment

Microsoft Prudential Financial Dow Chemical Huntington Ingalls Industries Weyerhaeuser Caterpillar Nucor Corp
Electrolux Anadarko Petroleum Dow Kokam Shintech Cleco Valero Energy Michelin
Orca Bay Seafoods Airbus Unit (EADS) Johnson Controls Sears Cash Creek Generation LLC Norampac Unit (Cascades) A123 Systems Dow Corning Marathon Petroleum
Cappelli (LC Main LLC) Procter & Gamble Fresh Direct National Frozen Foods Cheniere Energy LG Chem Royal Bank of Scotland (RBS) Apple IBM
Michigan Motion Picture Studios (formerly Motown Motion Picture LLC) Fortu PowerCell Calumet Specialty Products Partners Panasonic Google, Inc.   Daimler American Electric Power

READ MORE: Explore Government Subsidies – Interactive Feature – NYTimes.com (12/1/2012) http://nyti.ms/11DUGSL

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: