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Report: Little oversight on NY’s $7B in business incentives

Lohud, By Joseph Spector, May 29, 2013. New York spends $7 billion a year in incentives to lure and keep businesses, a report today found, but the state doesn't adequately oversee how the money is spent. New York has more than 15 major economic development programs, the report from labor-backed groups said, yet many of them aren't closely monitored to ensure that companies are meeting job-performance goals.


Does NYS Get it’s Money’s Worth from Economic Initiatives?

YNN.com, By Liz Benjamin, May 29, 2013. As Governor Cuomo pushes his Tax-Free New York proposal. The Alliance for a Greater New York is looking into whether the state really gets its moneys worth from this kind of economic development initiative. The group released a report looking at 15 programs aimed at creating new jobs in NY and generating more revenue for localities. ALIGN calculates these programs cost a total of seven billion dollars. But determining just how many people they put to work is a bit hard trickier. Matt Ryan of ALIGN sat down with Liz to explain.


Report: Little oversight on N.Y.’s $7B in business incentives

Rochester Democrat & Chronicle, By Joseph Spector, New York spends $7 billion a year in incentives to entice and keep businesses, a report Wednesday found, but the state doesn’t adequately oversee how that money is spent. New York has more than 15 major economic development programs, the report from labor-backed groups said, yet many of them aren’t closely monitored to ensure that companies are meeting job-performance goals.


Coalition questions NYS economic development

Buffalo Business First, May 29, 2013. New York state’s annual billion-dollar allocation to ignite economic development is under scrutiny by a coalition that includes public policy experts, government watchdogs and labor unions. ALIGN — The Alliance for a Greater New York — released a report Wednesday questioning what it refers to as the state’s “$7 billion gamble” on various programs without knowing whether there is a return on that funding.


Report: Little Oversight on NY’s $7B in Business Incentives

WGRZ, By Joseph Spector, May 29, 2013. New York spends $7 billion a year in incentives to lure and keep businesses, a report Wednesday found, but the state doesn't adequately oversee how the money is spent. New York has more than 15 major economic development programs, the report from labor-backed groups said, yet many of them aren't closely monitored to ensure that companies are meeting job-performance goals.


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