Economic Development

Too often, states and cities pursue economic development strategies that amount to little more than tax giveaways to big corporations. Pushing back on this flawed approach, EARN groups design and promote smart economic development policies that invest in infrastructure, in people, and in the communities where opportunity is lacking.

Smart economic development means strong workforce development programs, such as apprenticeships and sector strategies; infrastructure investments in transportation, schools, broadband, and healthcare; and community development projects that deliver good, high-paying jobs to local residents, especially in communities of color, and other underserved communities.

Publications

Publication

Oregon’s semiconductor incentives package should focus on people and place

In creating a package of incentives to attract chip manufacturers, the Oregon legislature should prioritize investments that will deepen the state’s talent pool, promote equity, and strengthen its infrastructure. The drive to create an incentive package stems from the congressional enactment of the CHIPS Act, which pledges tens of billions of dollars to ramp up domestic semiconductor manufacturing. Understandably, Oregon lawmakers are eager to see some of that money flow to Oregon. In putting together a package to attract chip manufacturers intent on applying for the federal funds, lawmakers should resist calls for direct corporate subsidies, which are often ineffective. At the very least, any new corporate subsidy should come with guardrails to limit the risk to Oregon.

Publication

Shining a Light on New Jersey’s FY 2022 Budget

  • July 1, 2021
  • Marleina Ubel

From the rubble of a chaotic legislative process rises a record-breaking state budget that funds the immediate needs of New Jersey’s pandemic recovery, invests in key public assets, and pays down billions of dollars of current and future debt. Buoyed by stronger-than-expected income and sales tax collections, the $46.4 billion spending bill is approximately 15 percent bigger than last year’s budget. A large portion of the unexpected surplus is directed toward long-standing obligations like the public employee pension system and debt service on borrowing — as it should. By almost every metric, this budget sets the foundation for a strong recovery and addresses fiscal issues that have plagued the state for decades. At the same time, the Fiscal Year (FY) 2022 budget misses a significant opportunity to enact bold, transformative changes that directly address centuries of racial and economic inequities that were exacerbated by the pandemic.