New York Must Improve Job Creation Efforts, Focus on Sustainable and Accountable Economic Development
This afternoon, members of the Getting Our Money’s Worth Coalition responded to Governor Cuomo’s State of the State address.
This afternoon, members of the Getting Our Money’s Worth Coalition responded to Governor Cuomo’s State of the State address.
The Getting Our Money’s Worth coalition announced the launch of a new website today that highlights the corporations that receive tax breaks but fail to create jobs, or create only poverty-wage jobs in return. The website launch featured a handful of corporations—from big banks like Bank of America Merrill Lynch to luxury apartment developers like Carl Paladino and A.G. Spanos—who have gamed New York’s economic development system.
The New York City Industrial Development Agency (NYCIDA) hearing heated up this morning, as advocates testified against granting huge public subsidies to the Related Companies to develop the Eastern Rail Yards, as known as Hudson Yards, on Manhattan’s West Side.