In This Section

Each year, IDAs are required to report on the projects they subsidize. We analyze that data and produce key facts about IDA performance. Highlights of this year’s analysis include:

  • $182 million in IDA tax breaks went to companies that cut jobs, failed to create jobs, or didn’t promise to create any jobs.
  • Over one-half of all projects that ended in 2010 failed to create a single job. Businesses that originally promised to create a total of 7,865 jobs instead lost 7,896 jobs.
  • IDAs continue to maintain high spending while state and local budgets are slashed, spending $483 million in 2010.
  • Local governments are increasingly picking up the tab for corporate tax exemptions, losing $426 million in tax revenue in 2010, including $200 million lost to local school boards.

Download the full analysis below.