Promoting fair and effective use of economic development
resources after September 11, 2001
|
The Great American Jobs Scam: |
|
|
|
from |
Who's applying for a subsidy this
month?
Database of NYC's biggest
subsidy deals
What is a
Community Benefits
Agreement?
Who
controls NYC's development funds?
What
they are saying about corporate giveaways
Good Jobs New York
Website
maintained by
Allison Lack
sgreenwood@ctj.org
11 Park Place, #701 New York, NY 10007
Welcome to Good Jobs New York
Good Jobs New York promotes policies that hold government officials and corporations accountable to the taxpayers, particularly when economic development agencies give subsidies to large corporations that threaten to leave New York City.GJNY News:
City
questions Madison Square Garden's property tax exemptions.
Read GJNY's Testimony Here.
Congress scrutinizes public
financing for professional sports stadiums in wake of public
infrastructure failures (October 10, 2007).
Read about it here.
City approves new subsidies for Yankee
Stadium parking garages (October 9, 2007).
Read about it here.
Yankees
submitted tens
of thousands of dollars in receipts for crystal baseballs, Yankee
merchandise, bar bills and other questionable items to the City as
“planning expenses” for rent reductions. City
oversight has been lacking.
Read press
release here. See examples of submitted
receipts here.
GJNY releases
Insider Baseball--an
exposé on the ill-conceived Yankee Stadium Project.
City and State offer generous subsidy
package to bring Chase downtown.
Read more here.
GJNY and New Jersey Policy Perspective
release new report on how Citigroup scored over $285 million in
subsidies from state and local governments since 1989.
Read the press release and the full
report here.
City offers subsidies and land to
Downtown Brooklyn developers.
Read about the proposal to redevelop the
Albee Square Mall.
Congress scrutinizes Yankee Stadium
deal.
Read about it here.
City offers NBC third
subsidy in past 20 years.
Read about it here.
Subsidies proposed for New York City's first
biodiesel plant.
Learn more about the project.
City lets Metropolitan Life escape its
subsidy commitments.
Read GJNY's response.
City proposes $37.5 million in tax breaks
for development of a Diamond Tower in Midtown.
Learn more about the project.
City enacts subsidy transparency policies.
Read about the improved transparency
measures approved by the board of the NYC Industrial Development Agency
on September 12, 2006.
Groundbreaking is held for Gateway Center at
Bronx Terminal Market. Learn more about
taxpayer subsidies for the project.
City proposes massive subsidy program for
commercial projects in the Hudson Yards area.
• Read about the plan to offer tax breaks and use PILOT payments to service the debt needed to finance the extension of the 7 Line.
• Read about other proposals put forth by the IDA this month (August).
• Testify at the August 3 public hearing.
GJNY releases report detailing the new
agreement to redevelop Ground Zero and the cost of the Lower Manhattan
commercial subsidy programs approved last year.
Read "Marshalling Subsidies."
GJNY testifies before Congressional
Committee on Homeland Security about the allocation of post-9/11
rebuilding funds.
Read GJNY's formal testimony
submitted to Congress, or an
abbreviated version
presented at the hearing.
New York State legislature approves largest
subsidy deal in State history.
Learn more about the $1.2 billion subsidy to
Advanced Micro Devices.
News on the redevelopment of
Ground Zero and the effectiveness of Lower Manhattan business incentive
programs.
Click here
for more information.
Both the Yankees and Mets plan on building
new stadiums by 2009.
Click here to learn more about
proposed taxpayer subsidies for the Yankee Stadium project and to read
GJNY's report. Click here
to learn more about proposed subsidies for the Mets Stadium project.
Click here to read An Open Letter from
Civic Groups in New York on 9/11 and Katrina.
Proposed
Goldman Sachs subsidy for Lower Manhattan resurfaces. Click
here for more information on the full subsidy
package and to read GJNY's testimony.
Forest City
Ratner Corporation and several community groups release a
“Community Benefits Agreement” on the proposed
Brooklyn Atlantic Yards project (June 27, 2005). Read about it in the
Daily News.
Updated and revised CBA publication (May 2005): Community Benefits Agreements: Making Development Projects Accountable
City and State Tax Breaks
City Council holds hearing on Brooklyn Atlantic Yards project. Read GJNY's testimony.
City Council holds hearing on linking economic development and community development. Read GJNY's testimony.
City Council passes subsidy transparency legislation - Intro 373-A. Click here for details.
GJNY's exposé on Zone Equivalent Area (ZEA) program leads to removal of wasteful tax credit from State budget. Former beneficiaries include Giuliani Partners, Ernst & Young, Morgan Stanley, Fox News and others
City Council holds two hearings on property tax breaks. Read GJNY's testimony on:
Payments In Lieu Of Taxes (PILOTs) and their possible use for the proposed West Side Stadium and
Madison Square Garden's property tax break
NYC Economic Development Corporation posts city's 2004 subsidy disclosure report on its website after GJNY releases online version of city's subsidy disclosure report.
Reconstruction News (detailed
coverage of post-9/11 development available at
Reconstruction Watch)
The Lower Manhattan Development Corporation will hold a public hearing on how to spend its remaining Community Development Block Grant funds on Wednesday, April 27th 6:00 pm
City Council holds hearing on proposal to convert unused WTC Tax Credits to resources for a rail link to JFK Airport and Long Island. Read GJNY's testimony (November 8, 2004)
Recent Publications
GJNY releases Insider Baseball--an exposé on the ill-conceived Yankee Stadium Project.
GJNY and New Jersey Policy Perspective release new report on how Citigroup scored over $285 million in subsidies from state and local governments since 1989. Read the press release and the full report here.
GJNY's expose on the proposed Yankee Stadium project: Loot, Loot, Loot for the Home Team: How the Proposal to Subsidize a New Yankee Stadium Would Leave Residents and Taxpayers Behind.
GJNY releases Reconstruction Watch report The LMDC - They're in the Money; We're in the Dark: A Review of The Lower Manhattan Development Corporation’s Use of 9/11 Funds (August 2004)
Good Jobs First releases a ground-breaking national study on over $1 billion in subsidies to Wal-Mart: Shopping for Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never-Ending Growth (May 2004)
GJNY releases the first public analysis of corporate retention contracts negotiated by NYC in the 1990s: Know When to Fold 'Em: Time to Walk Away from NYC's "Corporate Retention" Game Read Press Release on Bank of America Public Hearing and GJNY Report (February 2004)
Resources for Understanding Major NYC Development Projects
Downtown Brooklyn - Forest City Ratner Corp. is working to bring the New Jersey Nets to a proposed new stadium in Brooklyn.
Catch up on the local news with coverage in the Brooklyn Papers. Read updated information on Community Benefit Agreements (CBAs) or learn about how Los Angeles got the most out of a new stadium complex in 2001 with a CBA for the STAPLES Center.
Manhattan's Far West Side - Read about the April 2004 breakfast forum on Far West Side financing hosted by the Fiscal Policy Institute & GJNY
Read details and news coverage of public financing plans ($3.67 billion) for Far West Side announced in February 2004, including information about Tax Increment Financing (TIF).
Updated January 07, 2008