Sunday, March 17, 2013
Michigan Bets The State Pension Fund On Hollywood Success, Ends Up Stuck With The Tab
Techdirt: We've written before about cities and states luring Hollywood studios with multimillion dollar subsidies in the hopes of giving their local economies a bit of a bump. In nearly every case, this has been a money loser for the locale involved. A 2010 Tax Foundation study found that most states were lucky to see $0.20 in revenue from every dollar handed out. And yet, this surefire money loser remains incredibly popular.
Posted by David at 3/17/2013 08:01:00 PM