Publications

Copies of our reports and briefs.

Report: Loot, Loot, Loot for the Home Team: How the Proposal to Subsidize a New Yankee Stadium Would Leave Residents and Taxpayers Behind

February, 2006

Bettina Damiani and Dan Steinberg

Contrary to official claims of job creation and economic benefits, the report shows the fiscal benefits will not outweigh the over $400 million in subsidies proposed for the project and many “permanent” jobs will actually be low-wage and seasonal and therefore won’t lift workers out of poverty.

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Report: Marshalling Subsidies: A Guide to the Lower Manhattan Commercial Subsidy Package and the New Agreement to Redevelop Ground Zero

by Good Jobs New York

July, 2006

This report dissects the financial plan for the redevelopment of lower Manhattan agreed upon by the the major players in the rebuilding effort—the Port Authority of New York and New Jersey, Silverstein Properties, and New York City and State. The arrangement, which reduces the role of leaseholder Larry Silverstein and features a set of new public sector commitments, and lists the various benchmarks that must be met if the terms of the deal are to be officially adopted by the Port Authority at its September 2006 Board meeting.

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Report: Know When to Fold ’Em: Time to Walk Away from NYC’s Corporate Retention Game

February, 2004

Stephanie Greenwood and Bettina Damiani

This report analyzes contracts that have never been made public before on tax breaks New York City gave to companies that threatened to leave town in the late 1980s and 1990s. Since then, these companies have often failed to create or even retain jobs. Our analysis of the tax-break agreements reveals why: the contracts lack commitments to new job creation, provide weak safeguards against layoffs, and often don’t require companies that break their job retention promises to pay the city back. Lack of public disclosure on these deals and their outcomes has prevented taxpayers from making informed judgments about their value.

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Report: The LMDC: They’re in the Money; We’re in the Dark--A Review of The Lower Manhattan Development Corporation’s Use of 9/11 Funds

August, 2004

Bettina Damiani and Stephanie Greenwood

This is the first systematic look at the allocation of economic development monies by the Lower Manhattan Development Corporation (LMDC), a subsidiary of the New York State Urban Development Corporation, that was created to direct the revitalization of Lower Manhattan after the 9/11 attacks. In preparation for this report, Good Jobs New York analyzed all publicly available documents, including board meeting minutes, Partial Action Plans (proposals for the use of Federal funds) and reports to the U.S. Department of Housing and Urban Development (HUD) on its actual use of those funds.

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Federal Reconstruction Funds: Opportunities for Public Input (Presentation)

October, 2003

Good Jobs New York's presentation to the Civic Alliance.

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Disclosure: The Best Antiseptic -- An Opportunity to Clean Up Economic Development in the Big Apple

February, 2002

Good Jobs New York

The embarrassing state of the city government’s economic development has only been able to persist  because its workings are so hidden from public view. Hence, the cornerstone of reform must be disclosure. It would be ironic indeed if Mayor Bloomberg, who made his fortune by providing an unprecedented amount of information to Wall Street subscribers with his “Bloomberg Box” invention, would allow his new clients, the taxpayers, to remain in the dark.

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Development Subsidies in New York City: A Research Manual for Activists

Good Jobs New York

September 2001

This Research Manual is a nuts and bolts resource for community organizers, workplace activists and concerned citizens – anyone interested in how public money has been used by the City of New York in the name of economic development.

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Database Details Dozens of Deals Online

November, 2000

Good Jobs New York

In a time when many suffer from information overload, there’s actually a scarcity of easily available information about the costly subsidy packages New York City and New York state hand out to keep  corporations in the city. Good Jobs New York is working to remedy that situation, with a new database of the city’s most expensive “job retention” deals now available online at www.goodjobsny.org. The database, which is continually updated, currently lists 73 pending or completed deals announced since 1987, worth nearly $3 billion in public resources. Profiles of the packages highlight the need to overhaul the process of awarding subsidies.

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It’s Time to Reform the Development Subsidy Game

August, 2000

Good Jobs New York

Over the past six years, more than $2 billion of New York City and New York State funds have gone to some of the world’s most profitable companies in the name of job retention. These tax breaks and grants are supposed to strengthen the economy – creating or retaining jobs, increasing tax revenue, and boosting the quality of life. But some companies have reduced their employment levels in New York, despite their subsidies. And the record shows that in numerous cases these companies never seriously considered  leaving.

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