In December 2010, the Board of the New York City Capital Resources Corporation approved $15 million in Recovery Zone Facility Bond financing for a luxury boutique hotel in Williamsburg, Brooklyn. Good Jobs New York opposed the project on two main points, first that it was located in an industrial zone, intended promote industrial use; second, that in the project application, the developer made no effort to quantify the ways in which the neighborhood would benefit from the development, by local hiring practices or in a commitment to local product sourcing.
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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.