WBAI Evening News, By Jose Santiago, May 29, 2013. Dozens of community leader, union members, as well as members of environmental groups and good government groups gathered at the state capitol in in Albany today to release the findings of a new report analyzing data from dozens of economic development programs in New York. The report, called the $7 Billion Wager: New York’s Costly Gamble on Economic Development looks at 15 different economic development programs in the state to identify key problems and makes recommendations on how to improve performance, accountability and transparency in state subsidies that are supposed to create jobs.
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.
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.
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.
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.
