Report: Pay, Or We (Might) Go: How Citigroup Games the States and Cities
Sarah Stecker, New Jersey Policy Perspective and Dan Steinberg, Good Jobs New York
An analysis of Citigroup’s practices in four states—New York, New Jersey, Kentucky and Texas—suggests that the world’s largest financial institution rarely makes a move without getting taxpayers to help foot the bill.
Using the threat of moving facilities and jobs elsewhere, Citigroup has repeatedly played state against state and locality against locality to attract at least $285.9 million in subsidies in just the four states.
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Additional Resources
- The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Job Creation by Greg LeRoy, executive director of Good Jobs First
- Corporate Subsidies and You: Where Do New Yorkers Fit In?
- Guide to Corporate Research by The Corporate Research Project
- Glossary of Terms by Good Jobs First
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