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Tax Incentives: Promises Made, Promises Broken
Recent investigations by The Business Journal and ProPublica examined the use of tax incentives in the Mahoning Valley, where officials hoped for an economic comeback in the heart of the Rust Belt. In Youngstown, Ohio, they bet big on Chill-Can, a self-chilling beverage can. The city spent millions of dollars and demolished a neighborhood for the product — but three years later, next to no jobs have been created.

Meanwhile, in nearby Lordstown, officials awarded General Motors more than $60 million in tax breaks to maintain a massive auto plant until 2027. The company closed the facility last year, shedding thousands of jobs.

Join Business Journal reporter Dan O’Brien, Youngstown 1st Ward Councilman Julius Oliver, Youngstown 7th Ward Councilwoman Basia Adamczak and Greg LeRoy, executive director of Good Jobs First, for this live digital event. In a conversation moderated by ProPublica senior editor Michael Mishak, they will explore how we got here, the pros and cons of spending public money on private interests and possible paths to real economic renewal.

Read the articles here: https://www.propublica.org/series/desperation-town

This event is co-sponsored by The Business Journal, ProPublica, WKSU Radio and the City Club of Mahoning Valley.

Jun 24, 2020 02:00 PM in Eastern Time (US and Canada)

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