Corporate welfare is a phrase used to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment for corporations.
A perverse incentive is an incentive that has an unintended and undesirable result that is contrary to the intentions of its designers. The cobra effect is the most direct kind of perverse incentive, typically because the incentive unintentionally rewards people for making the issue worse. The term is used to illustrate how incorrect stimulation in economics and politics can cause unintended consequences.
A subsidy or government incentive is a type of government expenditure for individuals and households, as well as businesses with the aim of stabilizing the economy. It ensures that individuals and households are viable by having access to essential goods and services while giving businesses the opportunity to stay afloat and/or competitive. Subsidies not only promote long term economic stability but also help governments to respond to economic shocks during a recession or in response to unforeseen shocks, such as the COVID-19 pandemic.
Economic interventionism, sometimes also called state interventionism, is an economic policy position favouring government intervention in the market process with the intention of correcting market failures and promoting the general welfare of the people. An economic intervention is an action taken by a government or international institution in a market economy in an effort to impact the economy beyond the basic regulation of fraud, enforcement of contracts, and provision of public goods and services. Economic intervention can be aimed at a variety of political or economic objectives, such as promoting economic growth, increasing employment, raising wages, raising or reducing prices, promoting income equality, managing the money supply and interest rates, increasing profits, or addressing market failures.
Crystal City is an urban neighborhood in the southeastern corner of Arlington County, Virginia, south of Downtown Washington, D.C. Due to its extensive integration of office buildings and residential high-rise buildings using underground corridors, travel between stores, offices, and residences, it is possible to travel much of the neighborhood without going above ground, making at least part of Crystal City an underground city.
New York City Economic Development Corporation (NYCEDC) is a nonprofit corporation whose stated mission is to "strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city's future economy."
The Michigan Department of Transportation (MDOT) is a constitutional government principal department of the US state of Michigan. The primary purpose of MDOT is to maintain the Michigan State Trunkline Highway System which includes all Interstate, US and state highways in Michigan with the exception of the Mackinac Bridge. Other responsibilities that fall under MDOT's mandate include airports, shipping and rail in Michigan.
A tax incentive is an aspect of a government's taxation policy designed to incentivize or encourage a particular economic activity by reducing tax payments.
The Indian government has, since war, subsidised many industries and products, from fuel to gas.
Runaway production is a term used by the American Hollywood industry to describe filmmaking and television productions that are intended for initial release/exhibition or television broadcast in the U.S., but are actually filmed outside of the immediate Los Angeles area, whether in another country, another U.S. state, or in another part of California.
CityNorth is a planned urban mixed-use development in the Northeast Valley of Phoenix, Arizona, US; featuring retail, restaurant, residential, hotel, office, cultural, civic and entertainment uses in a pedestrian-friendly environment. At completion, CityNorth will comprise more than 5,500,000 square feet of development on 144 acres. Envisioned by Thomas J. Klutznick as the urban core of the Northeast Valley of Phoenix and the commercial core for the master-planned community of Desert Ridge, CityNorth is sited near the intersection of two major freeways—Loop 101 and State Route 51, making it accessible from throughout the Phoenix metropolitan area. The development will open in phases starting with Phase One, High Street, which opened in November 2008.
A stadium subsidy is a type of government subsidy given to professional sports franchises to help finance the construction or renovation of a sports venue. Stadium subsidies can come in the form of tax-free municipal bonds, cash payments, long-term tax exemptions, infrastructure improvements, and operating cost subsidies. Funding for stadium subsidies can come from all levels of government and remains controversial among legislators and citizens.
Energy subsidies are measures that keep prices for customers below market levels, or for suppliers above market levels, or reduce costs for customers and suppliers. Energy subsidies may be direct cash transfers to suppliers, customers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market access.
Government incentives for plug-in electric vehicles have been established around the world to support policy-driven adoption of plug-in electric vehicles. These incentives mainly take the form of purchase rebates, tax exemptions and tax credits, and additional perks that range from access to bus lanes to waivers on fees. The amount of the financial incentives may depend on vehicle battery size or all-electric range. Often hybrid electric vehicles are included. Some countries extend the benefits to fuel cell vehicles, and electric vehicle conversions.
Ronald Tae Sok Kim is an American politician from New York City. He serves in the New York State Assembly representing the 40th District, which includes portions of Whitestone, Flushing, College Point, and Murray Hill in Queens. First elected in November 2012, Kim became the first Korean American elected in New York State. Speaker Carl Heastie appointed him as Vice-Chair of the Majority Conference of the New York State Assembly in January 2017 and Chair of Committee on Aging in January 2021.
Amazon HQ2 is Amazon's corporate headquarters in Crystal City, Arlington, Virginia and is an expansion of the company's headquarters in Seattle, Washington. Phase I, which has capacity for 14,000 employees, opened in June 2023. Construction on Phase II is delayed and there is no timeline for development.
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, Pub. L.Tooltip Public Law 115–97 (text)(PDF), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), that amended the Internal Revenue Code of 1986. Major elements of the changes include reducing tax rates for businesses and individuals, increasing the standard deduction and family tax credits, eliminating personal exemptions and making it less beneficial to itemize deductions, limiting deductions for state and local income taxes and property taxes, further limiting the mortgage interest deduction, reducing the alternative minimum tax for individuals and eliminating it for corporations, doubling the estate tax exemption, and reducing the penalty for violating the individual mandate of the Affordable Care Act (ACA) to $0.
Texas Tax Code Chapter 313 creates a state tax incentive program for certain large businesses to limit the appraised value of their property for the purposes of local Texas public school district property taxes.
Amazon is an American multinational technology company which focuses on e-commerce, cloud computing, and digital streaming. It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands.
Kathryn Wylde is an American executive who has been the President and CEO of the Partnership for New York since 2011.
