Georgia’s Rivian Plant Subsidy Recognized as 2022’s “Worst Economic Development Deal of the Year” by the Center for Economic Accountability
Source: Center for Economic Accountability
Insufficient due diligence, speculative returns, lack of concern for local impacts and convoluted structure set project apart in a historic year for corporate welfare megadeals.
Georgia’s $1.5 billion subsidy of a Rivian electric vehicle assembly plant has been selected as the “Worst Economic Development Deal of the Year” for 2022 by the Center for Economic Accountability (CEA). This award recognizes a state or municipal government subsidy of a private company that best exemplifies the massive wastefulness and ineffectiveness of government economic development subsidy programs.