Corporate welfare doesn’t work. Cutting red tape does.

Originally published at Broad + Liberty

In 2021, Pennsylvania lawmakers created the Local Resource Manufacturing (LRM) tax credit to attract businesses to the Keystone State. Shortly after, Nacero, a fuel-development company, announced its plan to build a natural gas-to-gasoline plant in Luzerne County. At the time, politicians boasted the project would lead to thousands of construction jobs and 450 long-term, high-paying jobs.

Three years later, Nacero has yet to begin construction. Moreover, Nacero never claimed the LRM tax credit.

Nacero wasn’t alone. No company claimed an LRM tax credit despite Harrisburg upping the cap from $26.6 billion to $56.6 billion in 2023. Notably, four different Pennsylvania tax credit programs recorded no applicants in 2023 and 2024.

Clearly, these handouts aren’t working.

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