Good Jobs New York

Good Jobs New York
11 Park Place, #701 New York, NY 10007

Promoting fair and effective use of economic development resources after September 11, 2001

The Great American Jobs Scam:
Corporate Tax
Dodging and the
Myth of Job Creation
by Greg LeRoy, executive director of Good Jobs First (Now available in bookstores)

from
Berret - Koehler
www.bkpub.com

Website maintained by

Allison Lirish Dean

Welcome to Good Jobs New York

Good Jobs New York promotes policies that hold government officials and corporations accountable to the taxpayers, particularly when economic development agencies give subsidies to large corporations that threaten to leave New York City.

Read more about GJNY.

Latest GJNY News:

January 20, 2010: A new GJNY report deciphers bond provisions in the American Recovery and Reinvestment Act of 2009. (full report) (press release)

December 22, 2009: Read the editorial in the Daily News by Good Jobs New York's Bettina Damiani, sizing up the City Council's recent decision to deny Related Companies a sweetheart deal to build a mall at the Kingsbridge Armory.

December 15, 2009: The Board of the New York City Capital Resource Corporation (CRC) approves $19.8 million in tax-free Recovery Zone Facility Bonds (RZFBs) to be used by Arthur Management Corporation for the construction of a parking facility for St. Barnabas Hospital in the Bronx. Please see our project page for more details, copies of testimony, and project materials.

Liberty Bond Hearing: On December 3, 2009 Good Jobs New York testified before the Liberty Development Corporation on the use of Liberty Bonds for the redevelopment of office towers at the World Trade Center site.

Kingsbridge Armory Redevelopment News: On November 17, 2009 Good Jobs New York testified before the Subcommittee on Zoning and Franchises concerning this important project in the Bronx.

Industrial Development Bond allocation under new ARRA rules: In November, 2009 Good Jobs New York commented on a proposal to allocate tax-free industrial development bonds to an information technology consulting company under new rules enabled by the American Recovery and Reinvestment Act. Read comments submitted to the New York City Capital Resource Corporation.

City Point Subsidies Approved: On September 15th, 2009 the board of the New York City Capital Resource Corporation (CRC) met and voted to approve $20 million in tax-free financing for the City Point project in Downtown Brooklyn. Get more details and a complete timeline of this project's history.

Public Hearing Alert: The New York City Capital Resource Corporation (CRC), will hold a public hearing on Thursday, September 10, 2009 at 10:00 AM. The hearing will take place at the New York City Economic Development Corporation, 110 William Street, in Manhattan. This is an opportunity for the public to comment on CRC's decision to allocate stimulus bonds to two large development projects.

Older News:

Good Jobs New York testifies before the Bronx Borough President on the redevelopment of the Kingsbridge Armory. View latest testimony and other project materials.

Good Jobs New York testifies on a proposal to allow the NYC IDA to issue federal stimulus bonds. View testimony.

Good Jobs New York testifies on a proposal to include the East River Science Park in the Chinatown Empire Zone. View testimony.

Good Jobs New York and the Queens Borough President Release Queens Subsidy Snapshots. View the Queens Borough President's Press Release.

City Council's Committee on Parks & Recreation holds a hearing on the status of the Yankee Stadium Replacement Parks (April 29, 2009). View testimony.

GJNY submits testimony regarding proposed changes to the Job Creation and Retention Grant Program. View testimony.

The NYS Stimulus Oversight Working Group, a diverse coalition including Good Jobs New York, releases its Common Principles for Transparency and Accountability of federal stimulus funds. Read More.

Good Jobs New York releases Before the Bailout of 2008: New York City's Experience with Tax Giveaways to Financial Giants.

The IRS proposes changes to limit public input on tax exempt bonds. Comments can be submitted before December 8, 2008. Learn more here .

City holds first hearing on the Kingsbridge Armory Redevelopment. Read GJNY's testimony.

GJNY testifies on proposed changes to the city's most expensive economic development program. Read more.

GJNY testifies on a proposal to change the powers of the NYC Capital Resource Corporation. Read more.

Manhattan Borough President releases Senseless Subsidies. Read more.

More subsidies proposed for Major League Baseball in NYC, along with subsidies for a new Harlem development. Read more.

City offers subsidies and land to Downtown Brooklyn developers. Read about the proposal to redevelop the Albee Square Mall.

City offers NBC third subsidy in past 20 years. Read more.

Subsidies proposed for New York City's first biodiesel plant. Learn more.

City lets Metropolitan Life escape its subsidy commitments. Read GJNY's response.

City proposes $37.5 million in tax breaks for development of a Diamond Tower in Midtown. Learn more about the project.

City enacts subsidy transparency policies. Read about the improved transparency measures approved by the board of the NYC Industrial Development Agency on September 12, 2006.

Groundbreaking is held for Gateway Center at Bronx Terminal Market. Learn more about taxpayer subsidies for the project.

City proposes massive subsidy program for commercial projects in the Hudson Yards area. Read about the plan to offer tax breaks and use PILOT payments to service the debt needed to finance the extension of the 7 Line.

New York State legislature approves largest subsidy deal in State history. Learn more about the $1.2 billion subsidy to Advanced Micro Devices.

News on the redevelopment of Ground Zero and the effectiveness of Lower Manhattan business incentive programs. Click here for more information.

Read An Open Letter from Civic Groups in New York on 9/11 and Katrina.

Proposed Goldman Sachs subsidy for Lower Manhattan resurfaces. Click here for more information on the full subsidy package and to read GJNY's testimony.

City Council holds hearing on linking economic development and community development. Read GJNY's testimony.

City Council passes subsidy transparency legislation - Intro 373-A. Click here for details.

GJNY's expos� on Zone Equivalent Area (ZEA) program leads to removal of wasteful tax credit from State budget. Former beneficiaries include Giuliani Partners, Ernst & Young, Morgan Stanley, Fox News and others

NYC Economic Development Corporation posts city's 2004 subsidy disclosure report on its website after GJNY releases online version of city's subsidy disclosure report.

Updated January 21, 2010