In the news: NYC Comptroller Audit Scrutinizes Industrial Development Agency Subsidies
This week City Comptroller John C. Liu released an audit of the New York City Industrial Development Agency. The report raises concerns about the IDA's selection and monitoring of its projects and includes a critique of Bronx Parking Development Corporation, (parking garages at Yankee Stadium).
New York Daily News, City Controller rips public subsidy deals in the Bronx for firms that have failed to meet job creation goals, March 22, 2012
Wall Street Journal, Liu Audit Targets Tax Breaks, March 19, 2012
Crain's, Comptroller says city subsidy deals wasted millions, March 19, 2012
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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.