News Room

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 10^th anniversary of September 11^th 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...

Oppenheimer & Co. to receive a $3 million grant to expand in Lower Manhattan

08/08/2011

Oppenheimer & Co. is the latest financial firm to apply for a post 9/11 grant for its office expansion in Lower Manhattan. Oppenheimer & Co. joins the ranks of other wealthy firms such as Goldman Sachs, Bank of America, and Bank of New York that have benefitted from this grant program. More...

GJNY participates in forum on IDA reform in Buffalo, NY

07/20/2011

With the release of an audit by the Office of the State Comptroller questioning the public value of IDAs around the state, and the Governor's plans for ten statewide regional economic development councils, greater scrutiny is required of the policies intended to spur local economic development. GJNY takes its message of reform and transparency to Buffalo to discuss.

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Wage Standard News: EDC Study Questioned and Council Holds Public Hearing

05/13/2011

"An Assessment of Methods and Findings of the New York City Economic Development Corporation’s Living Wage Study" co-written with the National Employment Law Project and the Fiscal Policy Institute concludes that an EDC commissioned study on the impact of living wages is an "inaccurate and unreliable guide" for policymakers. More...

Report: New Yorkers Kept in Dark About Outcomes of Recovery Zone Facility Bond Deals

03/30/2011

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Press Release: New Analysis of Subsidized Projects Finds Low Wages Common

03/08/2011

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Pfizer Benefits Recaptured

12/06/2010

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Press Release: As New Wave of Bailout Money Hits Manhattan, Report Details Financial Firms’ Problematic History With NYC’s Past Corporate Giveaways

02/11/2009

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Monthly Subsidy Alert

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Fresh Perspectives on Fresh Direct

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.

Keeping an eye on Hurricane Sandy recovery money

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.

Database of Deals

Our database contains information on thousands of companies that received economic development subsidies in New York City.

Spotlight on Economic Development

Learn about major corporate giveaways to the financial industry, sports facilities and retail developments in New York City.

Good Jobs FIrst

Our parent organization is the nation's leading resource for grass roots groups and public officials seeking to make economic development subsidies more accountable and effective.