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In the news: Fresh Direct Spurs Border War with New Jersey

02/14/2012

Fresh Direct, which has received over $2 million in New York City subsidies, threatened to move its operations from Queens to New Jersey unless it received an incentive pacakge from City, State and Bronx officials worth over $100 million.  More...

Annual Investment Projects Report FY 2011 -- more comprehensive, digital

02/02/2012

The New York City Industrial Development Agency has released its Annual Investment Projects Report detailing all the firms that are beneficiaries of subsidies from the IDA. More...

States Lack Policies to Enforce Economic Development Subsidy Programs: New York State receives a D+ grade

01/18/2012

Advocates Respond to New York’s D+ Ranking in Accountable Economic Development

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In the news: Ferry Point Golf Course

01/09/2012

City plans a new golf course in the Bronx, Trump to operate but the tax-payers get the bill.

http://www.nytimes.com/2012/01/10/nyregion/plan-for-trump-to-run-bronx-golf-course-has-critics.html?_r=1

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In the news: Extell International Gem Tower

01/05/2012

January 5, 2012. Good Jobs New York testified against the proposed subsidies for Extell, GT for the troubled International Gem Tower based on transparency and accountability concerns. The project application made no mention of other expected or received benefits through New York State, including the immigrant financing program, EB-5. More...

2011 NYC IDA Year in Review

12/29/2011

GJNY's Public Hearing Round-up 2011 

Since it's been an interesting year at the New York City Industrial Development Agency, we'd like to take this opportunity to provide a summary of projects that raised our interest and to document those firms that received approval for benefits. More...

GJNY Testifies on Fair Wages for New Yorkers Act

11/22/2011

Bettina Damiani, project director of Good Jobs New York, presented testimony at the City Council Hearing on The Fair Wages for New Yorkers Act. Read the testimony.

 

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Bloomberg Administration Releases Flawed Living Wage Study: Policy Groups Respond

10/05/2011

Ignoring basic errors to which it was alerted months ago – and subsequent changes in the New York City Council’s living wage proposal – the Bloomberg Administration today released its flawed living wage study.  Policy experts from the National Employment Law Project, Fiscal Policy Institute and Good Jobs New York criticized the study – believed to be the most expensive taxpayer-funded wage study in U.S. history – as a lost opportunity and poor use of city resources. More...

Pearson Secures Subsidies to Move Jobs from New Jersey

09/21/2011

London-based media company Pearson PLC is expected to receive at least $13.5 million -- and potentially as much as $50 million -- in incentives offered by New York City and State to relocate approximately 650 jobs to Hudson Square in Lower Manhattan. The creation of new jobs at the New York City location is not a requirement for the firm to receive the incentives. More...

Some 9/11 Subsidy Recipients Fail to Meet Job Goals; New York State Recaptures Funds

09/01/2011

As the 10th anniversary of September 11th attack on the World Trade Center approaches, it is a good time to review what happened with the subsidies that were allocated to large firms to help them deal with the effects of that tragedy. It turns out that some companies that received those subsidies, including Goldman Sachs, failed to meet their job retention or creation goals, and some have had to repay funds to New York State. More...

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