It’s Time to Reform the Development Subsidy Game

Date Published: 
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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