Disclosure: The Best Antiseptic -- An Opportunity to Clean Up Economic Development in the Big Apple
by Good Jobs New York
The embarrassing state of the city government’s economic development has only been able to persist because its workings are so hidden from public view. Hence, the cornerstone of reform must be disclosure. It would be ironic indeed if Mayor Bloomberg, who made his fortune by providing an unprecedented amount of information to Wall Street subscribers with his “Bloomberg Box” invention, would allow his new clients, the taxpayers, to remain in the dark.
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GJNY takes a close look at the proposed subsidy package--worth nearly $130 million--for Fresh Direct to relocate to the South Bronx. In early 2012, Fresh Direct started a bidding war between New York City and New Jersey officials when it threatened to leave its current home in Long Island City, Queens. Learn more about the subsidies, job promises and the efforts of residents to block the on-line grocery retailer's move to their waterfront.
As government aid begins to flow into areas devastated by Hurricane Sandy, Good Jobs New York will provide analysis and recommendations regarding these resources that promote a transparent and equitable allocation of funds that go to individuals and businesses that need it most.
Our database contains information on thousands of companies that received economic development subsidies in New York City.
Learn about major corporate giveaways to the financial industry, sports facilities and retail developments in New York City.