E Smith Legacy, LLC
This proposal for a new hotel in Harlem did not receive Recovery Zone Facility Bond financing even though it was authorized for $19.7 million by the CRC board. Media reports indicate that the developer worked with the Hotel Trades Council and agreed to a local hiring agreement for thehotel staff. Such an agreement could have established a positive precedent for subsidizedprojects not only in Harlem where unemployment is at least 14%, but throughout the city. CRCdocuments cited 129 construction and 81 permanent full-time equivalent jobs for he hotel.The developer withdrew its application and stated on its website that the project wouldcontinue without RZFB resources.
In the public hearing for the project in June, 2010, Good Jobs New York rasied concerns regarding the incomplete employment and wage estimate in the cost benefit analysis provided by the developer.
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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.