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New National Report Ranks New York 45th in Taxpayer Protection for Development Dollars

A new report analyzing the performance standards and enforcement policies of the states’ major economic development programs was released today by Good Jobs First, a non-profit, non-partisan research center based in Washington, DC. The study, Money-Back Guarantees for Taxpayers: Clawbacks and Other Enforcement Safeguards in State Economic Development Subsidy Programs, shows that most states are highly inconsistent in how they monitor, verify and enforce the terms of job subsidies that cost taxpayers billions of dollars per year. New York State had one of the poorest track records, receiving a score of D+ and ranking 45th out of the 50 states plus the District of Columbia.




Activists Demand Good Jobs Not Giveaways

Downtown Brooklyn was filled with a raucous crowd of protesters this afternoon, as dozens gathered in front of JP Morgan Chase at MetroTech to demand corporate subsidies deliver good jobs. Community, labor, and Occupy Wall Street activists joined together to draw attention to Chase’s misuse of public dollars meant to retain employees in New York City.


New Study: Walmart Could Open an Estimated 159 Stores in NYC

“The Walmartization of New York City,” a new study released today by ALIGN, a New York-based nonprofit organization, reveals that Walmart's growth plans for New York City could lead the company to open an estimated 159 stores here, most of them smaller format stores designed for urban areas, a finding consistent with Walmart’s oft-repeated declaration that it is evaluating opportunities for new stores across the five boroughs.


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