Small businesses losing out in subsidy game: Survey

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The game in the United States is absolutely rigged toward big business. We have a crony economic system which benefits the connected and the established at the expense of new ideas and growth. If you’re in the club, we’ve got some taxpayer money for you. If not, well, you can apply for admission but chances are you aren’t getting in.

The fundamental problem here is that governments take from taxpayers and give to connected interests at all. In our opinion that is not the proper role for government and we should be working at all levels of government to reduce subsidies. But proper role or not, it’s got to be immensely frustrating as a small business owner to see streams of tax money flowing to your competition year after year while you the little guy are relegated to the margins.

(From CNBC)

States spend billions of dollars every year to attract and retain businesses and jobs, but owners of small businesses overwhelmingly believe they are getting the short end of the stick.

That is one of the findings in a new survey by Good Jobs First, a nonprofit, nonpartisan think tank that has been critical of state business subsidies in the past. The group said it surveyed 39 organizations representing 24,000 small businesses nationwide.

Respondents “overwhelmingly believe that state economic development incentives favor big businesses, that states are overspending on large individual deals, and that state incentive programs are not effectively meeting the needs of small businesses seeking to grow,” the study said.

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