Federated Department Stores, Inc.
The chain, which owns Macy's and Bloomingdale's, among other stores, received sales tax exemptions and cheaper energy from the city and state to consolidate merchandising offices in New York City. Federated Merchandising Group agreed to invest $16 million to expand its headquarters at 11 Penn Plaza.
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.
Good Jobs New York's analysis and recommendations regarding federal state and local resources used in the post-Hurricane Sandy rebuilding.