Canada Corporate Welfare

How Industry Canada Blew $13.7 Billion In Corporate Welfare

Mark Milke | Posted 11.11.2012 | Canada Business
Mark Milke

Corporate welfare is a losing proposition. Peer-reviewed research on business subsidies does not support (political and recipient) claims that corporate welfare is responsible for economic growth or job creation, two of the most oft-heard claims. At best, a generous interpretation of the literature suggests that subsidies may, in very specific locations, produce some effect on local economic behaviour.