Largest Study Ever on State Clawbacks and Related Safeguards

WASHINGTON, Jan. 17, 2012 /PRNewswire-USNewswire/ -- Good Jobs First will issue Money-Back Guarantees for Taxpayers, a 50-states-plus D.C. study on January 18th. The study will grade major state economic development incentive programs on how well (or poorly) they enforce requirements relating to job creation, job quality (wage and benefit standards) and other performance measures. 

"With so many deals falling short on job creation, taxpayers need to know if their states are watching the store," said Good Jobs First executive director Greg LeRoy. "This is the largest study ever performed of states' use of clawbacks, rescissions and other safeguards to protect taxpayers from subsidy abuse."

The study will be posted at www.goodjobsfirst.org at the same time it is released at a tele-press conference:

What:  Release of Money-Back Guarantees for Taxpayers: Clawbacks and Other Enforcement Safeguards in State Economic Development Subsidy Programs

When:  Wednesday, January 18, 2012
10:30 a.m. Eastern

Who:  Philip Mattera, research director of Good Jobs First and principal author of the study

Where:  Contact Michelle Lee for call-in information
202-232-1616 x 210 or mlee@goodjobsfirst.org

Money-Back Guarantees for Taxpayers is a companion report to Money for Something (December 2011), which rated states on the quality of their underlying job-creation and other performance standards. The two studies build upon a third, Show Us the Subsidies, our December 2010 report card study on subsidy transparency.

Good Jobs First is a non-profit, non-partisan resource center promoting government and corporate accountability in economic development. Founded in 1998, it is headquartered in Washington, D.C.

Contact: Michelle Lee 202-232-1616 x 210 or mlee@goodjobsfirst.org

SOURCE Good Jobs First

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