News Room

Rebuilding News Round-up Archive

10/22/2015

The Rebuilding News Round-up is no longer published. These newsletters provided a thorough digest of news articles covering post-Hurricane Sandy disaster relief, rebuilding and infrastructure, housing, and jobs. More...

New report by Good Jobs First: In Search of a Level Playing Field

09/29/2015

A new report from Good Jobs First, In Search of a Level Playing Field, finds that 92% of small business leaders believe that spending on subsidies in their states is biased toward big business.

A national survey of leaders of small business organizations reveals that they overwhelmingly believe that state economic development incentives favor big businesses, that states are overspending on large individual deals, and that state incentive programs are not effectively meeting the needs of small businesses seeking to grow. 

full report

press release

 

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Governmental Accounting Standards Board releases new transparency rule

08/14/2015

The Governmental Accounting Standards Board, GASB, has released a new standard requiring state and local governments to publicly report how much revenue is lost due to economic development tax breaks. More...

Criticism grows for Time, Inc's "job retention" subsidy

07/21/2015

In 2014 New York State offered a $10 million subsidy package to Time, Inc. to relocate its offices to lower Manhattan, rather than New Jersey. An opinion piece co-authored by GJNY's Elizabeth Bird and The NewsGuild of New York's president Bill O'Meara draws attention to the recurring downsizing efforts at Time Inc. More...

JPMorgan approved for $188 million to relocate jobs to New Jersey

07/16/2015

Once again, JPMorgan has won corporate tax subsidies to relocate over 2,000 technology operations  jobs across the Hudson River. More...

New NYCEDC President Announced

07/16/2015

Mayor de Blasio appointed Maria Torres-Springer as the new president of the New York City Economic Development Corporation. According to the press release announcing the transition, her priorities as the head of EDC will be to enhance technology, life sciences and advanced manufacturing in the city.

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June 2015 Economic Development News

07/16/2015

Data review shows extent of projects exempt from living wage law in NYC; As the legislative session ends, incentives extended for lower Manhattan businesses, 421-a modified; 

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May 2014 Economic Development News

05/19/2015

Aligning city arts programming with economic development; Considering "Wage Deserts" to better target programs to increase self-sufficiency in working families; Report calls for a more consistent strategy linking state economic development and workforce development priorities

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April 2015 Economic Development News

04/21/2015

Development plans stir controversey in Sunset Park, Start-UP NY report draws criticism from left and right, Manhattan Borough President's Office considers threats facing Manhattan's storefronts.

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City Comptroller audit digs out details of Build it Back administrative problems

04/02/2015

New York City Comptroller Scott Stringer released his office's audit report examining administration of the Build it Back program by the the Mayor’s Office of Housing Recovery Operations. The audit found that two subcontractors, Solix and URS, hired to do the administrative work of the Build it Back program were highly inefficient and ineffective. The comptroller voiced concern that the city continues an informal agreement with both firms. They were paid $7 million in contracts. 

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