Who's applying for a subsidy this month? Database of NYC's biggest subsidy deals Who controls NYC's development funds? What they are saying about corporate giveaways GJNY is grateful
for the support of our funders:
Good Jobs New York |
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Good Jobs New York: The Project Good Jobs New York promotes policies that hold government officials and corporations accountable to the taxpayers, particularly when economic development agencies give expensive subsidies to large corporations that threaten to leave New York City. Since 1994, the state and city have announced more than $2 billion in subsidies to NYC companies in the name of "job retention." GJNY examines these retention deals with a critical eye, to advance the principles that taxpayers have the right to know the details of these deals, to have input on them through their elected representatives and to be assured that they actually create new, good jobs for New Yorkers. States and cities around the country have implemented accountability measures that ensure taxpayers get a good "bang for their buck" when governments grant subsidies to companies. It's time for New York to do the same. The staff of Good Jobs New York investigates and publicizes the ways in which public resources are currently being used. GJNY has compiled a list of major economic development deals in New York City. To the extent possible, GJNY will include information on the commitments subsidized corporations made in exchange for their tax breaks or low-interest loans -- if these commitments were, in fact, ever made. GJNY will also provide information about accountability measures in use by other cities and states. GJNY aims to educate New Yorkers about the usefulness of these measures and how they can enhance New York's economic development practice.
Good Jobs New York is a joint project of two organizations: Good Jobs First is a national leader in providing timely, accurate information to the public, the media, public officials and development practitioners on state and local job subsidies. GJF works with a broad spectrum of organizations as they seek to ensure that businesses receiving development subsidies produce good jobs and are otherwise accountable to taxpayers. The Fiscal Policy Institute is a nonpartisan research and education organization focusing on New York's tax, budget, economic and related public policy issues. Founded in 1991, FPI's work is intended to further the development and implementation of public policies that create a strong economy in which prosperity is broadly shared by all New Yorkers. FPI has offices in Albany and New York City. Staff Bettina Damiani, Project Director Dan Steinberg, Research Analyst Find out more about the staff of GJNY and GJF or of FPI. |
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Updated June 12, 2001 |
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