New York spends approximately $7 billion annually on economic development. Dozens of different economic development programs issue subsidies such as tax exemptions, tax credits, grants, tax-exempt bonds, and discounted land to corporations, ostensibly in the name of job creation, economic growth and an improved quality of life for all New Yorkers. At such a high price tag, New Yorkers deserve to know: how is this money being spent, and what return are taxpayers getting from this investment? Are these programs actually creating good jobs and community benefits? Our new report surveys and rates the larges economic development programs.
New York City’s Action Plan for Disaster Recovery, released in draft form in late March, allocates $1.77 billion in federal Sandy funds. The federal money comes with standards that require the City to account for how its housing and recovery plans will support displaced residents. This report from the Alliance for a Just Rebuilding identifies a series of major flaws in the City’s Action Plan, and proposes solutions that will help ensure a just and equitable rebuilding for all New Yorkers.
On May 7, 2013, a report entitled ‘Sandy’s Mold Legacy: The Unmet Need Six Months After the Storm’ was released by ALIGN, Community Voices Heard, Faith in New York, Make The Road New York, New York Communities For Change, and VOCAL-NY. The report indicates that New York City’s current approach to post-Sandy mold remediation needs expansion and improvement.
On February 13, 2013, ALIGN provided feedback on the Draft Environmental Assessment for the Proposed Modification of the Bayonne Bridge at the USCG Environmental Process Public Meeting in Newark, New Jersey.
According to Mayor Bloomberg, Hurricane Sandy flooded 70,000 – 80,000 New York City homes. About 180,000 to 210,000 New Yorkers could be currently exposed to Sandy-related mold.
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