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Government Aid For Industry

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HONG KONG (AP) — Hong Kong will introduce 120 billion Hong Kong dollars ($15.4 billion) in fiscal measures to help businesses and residents impacted by the coronavirus pandemic, as it looks towards economic growth later this year following a recession in 2020.

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PHOENIX (AP) — Arizona cities, counties and the state Legislature must ensure the public actually receives a real benefit in exchange for subsidies the government provides to lure businesses or they violate the state constitution's gift clause, the state Supreme Court ruled Monday.

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CLEVELAND (AP) — A nonprofit that authorities believe was used to funnel payments for a $60 million bribery scheme to win legislative approval for an energy subsidy bill and block a voter issue from reaching the Ohio ballot agreed to a guilty plea Friday in federal court in Cincinnati.

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CLEVELAND (AP) — Ohio Attorney General Dave Yost announced Monday that his office had reached an agreement with FirstEnergy Corp. to stop the collection of a guaranteed profit subsidy included in a tainted energy bill that would have allowed the Akron-based company to collect $102 million from customers this year.

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