Ohio ranks 12th for cronyist state
‘BENEFITS’ IN THE BUCKEYE: When it comes to the number of dollars spent in subsidies, Ohio ranks the 12th most cronyist state.
By Stephanie Kreuz | WatchdogWire.com
Does Ohio play fair? Or smart? When it comes to the number of dollars spent in subsidies, Ohio ranks the 12th cronyist.
The Mercatus Center recently illustrated how states rank in providing benefits to particular companies, rather than providing better opportunity for all companies.
Ohio’s neighboring states ranked fourth (Michigan), fifth (Kentucky), seventh (Indiana), and 11th (Pennsylvania) in the number of dollars spent on subsidies.
Vernonique de Rugy used data from Subsidy Tracker 2.0, a project of Good Jobs First, to analyze how states compare.
De Rugy notes, “…established corporations, not small businesses or startups, are the overwhelming recipients of state benefits. Sometimes, subsidies are extended to subsidiary companies that appear small and unconnected at first glance.”