WV Center on Budget and Policy > Press > News Releases > West Virginia Ranks 29th Among the States – Report: States Lack Sound, Consistent Policies to Enforce Job-Creation and Other Performance Requirements in Economic Development Subsidy Programs

West Virginia Ranks 29th Among the States – Report: States Lack Sound, Consistent Policies to Enforce Job-Creation and Other Performance Requirements in Economic Development Subsidy Programs

January 18, 2012

Despite the fact that many economic development deals fall short on job creation or other benefits, states are highly inconsistent in how they monitor, verify and enforce the terms of job subsidies that cost taxpayers billions of dollars per year. Many states fail to even verify that companies receiving subsidies are meeting their job-creation and other commitments, and many more have weak penalty policies for addressing non-compliance. Read