Jacob Whiton

Apr 11, 2024 | goodjobsfirst.org | Jacob Whiton

As we noted last week, the Financial Accounting Standards Board (FASB) has made an important contribution to the cause of corporate transparency and accountability with its new Accounting Standards Update No. 2021-10 (Topic 832). The update now requires publicly traded companies to report when they receive government assistance and how that assistance is reflected in their annual financial statements filed with the Securities and Exchange Commission.

Mar 8, 2024 | yahoo.com | Jacob Whiton

A bipartisan group of lawmakers in Michigan’s House of Representatives is attempting to revive a subsidy program for film, television, and digital media production. The state’s original program was established in 2007 but wound down just eight years later in the face of mounting concern about its cost and lackluster record of stimulating growth and job creation.

Jan 26, 2024 | goodjobsfirst.org | Jacob Whiton

Last year, the United States’ rapidly expanding electric vehicle and battery industry once again raked in the lion’s share of large state and local subsidy packages. While we applaud historic federal efforts to reduce greenhouse gas emissions across the economy, this spending has clearly done little to restrain excessive subsidization at the state and local level. We likewise remain troubled by the terms of these deals, especially the lack of job quality requirements.

Dec 5, 2023 | goodjobsfirst.org | Jacob Whiton |Arlene Martinez

Note: This is the third in a new series of quarterly reports produced by Good Jobs First that look at the relationship between race, ethnicity, and economic development. Michigan’s tax exemption for pollution control equipment costs local governments hundreds of millions of dollars every year in foregone revenue.

Aug 17, 2023 | planetdetroit.org | Jeremy Orr |Michelle Martinez |Jacob Whiton |Rukiya Colvin

Last week, the City of Detroit announced that the Detroit Water and Sewerage Department would resume water shutoffs –a controversial and punitive method of debt collection for households unable to afford their water bills. The decision to resume shutoffs comes after the expiration of a moratorium first required by the State of Michigan in 2020 during the COVID pandemic and voluntarily extended by the City.