Report: Before the Bailout of 2008: New York City's Experience with Tax Giveaways to Financial Giants
Good Jobs New York's report summarizing taxpayer subsidies to six firms – American International Group, Bank of America, Bear Stearns, Citigroup, JPMorgan Chase, and Merrill Lynch. It finds that the deals have been plagued by porous contracts that lack accountability, and very poor public disclosure and job losses. The report offers common sense transparency solutions.
- Download the full report
- Press Advisory and Press Release
- IDA Fact Sheet
- Read a Statement by Council Member David Yassky
Monthly Subsidy Alert
Want to know who applied for a subsidy? Sign up for our "Subsidy Alert"
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.
Additional Resources
- The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Job Creation by Greg LeRoy, executive director of Good Jobs First
- Corporate Subsidies and You: Where Do New Yorkers Fit In?
- Guide to Corporate Research by The Corporate Research Project
- Glossary of Terms by Good Jobs First
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.