Subsidies Still Don’t Grow the Economy
Kansas City has been spending loads of money on economic development subisides for years. But instead of actually spurring economic development, these subsidies often just move economic activity from one place to another, as Patrick Tuohey mentioned in this post from two years ago:
https://showmeinstitute.org/blog/subsidies/kansas-city%E2%80%99s-economic-diversion
Patrick mentioned this idea again in our latest podcast with Dr. Susan Pendergrass. They discussed Patrick’s latest report on Kansas City’s flawed 2018 economic development study. You can find a link to the study (with supporting documentation) and the podcast below:
