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"
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
Subsidy Snapshots
Quick glimpses of the companies receiving IDA subsidies by borough and community board.
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.