Economic development policies

Also see the work of Good Jobs New York, a joint project of the Fiscal Policy Institute and Good Jobs First.

Case Studies Examine Shale Drilling’s Mixed Legacy

April 11, 2014.  New case studies of the impact of shale gas drilling in Carroll County, Ohio; Greene and Tioga counties in Pennsylvania; and Wetzel County, West Virginia, provide numerous cautionary tales for New York as it considers whether or not to allow Horizontal Drilling and High-Volume Hydraulic Fracturing in the Marcellus Shale and Other Low-Permeability Gas Reservoirs.

The case studies, which were completed by the Ohio, Pennsylvania and West Virginia organizations that are part of the (read more)

New Report Examines Shale Drilling Impact

November 21, 2013. Drilling in the six states that span the Marcellus and Utica Shale formations has produced far fewer new jobs than the industry and its supporters claim, according to a report by the Multi-State Shale Research Collaborative, a group of research organizations tracking the impacts of shale drilling that includes the Fiscal Policy Institute.

The Marcellus and Utica shale formations span six states: New York, Ohio, Pennsylvania, West Virginia, Maryland, and Virginia. Natural gas development… (read more)

Investing in education will build a stronger New York economy

August 22, 2013. The best way for New York State to grow its economy is by expanding investment in a well-educated workforce, according to a new study published by Economic Policy Institute for the Economic Analysis and Research Network (EARN). EARN is a network of 61 state and local economic think tanks and 25 national partners founded by the Economic Policy Institute and several other state and national groups, including the Fiscal Policy Institute.

In A(read more)

“Tax-Free NY” is now “Start-Up NY” – Still Bad Tax Policy, Still Bad Economic Development Policy

July 9, 2013. Despite the concerns raised by economists across the political spectrum, a somewhat revised version (A. 8113 and S. 5903) of Governor Cuomo’s “Tax-Free New York” proposal was introduced on June 20, 2013, passed by both houses of the Legislature on June 21, 2013, and signed into law by the Governor on June 24, 2013. The Fiscal Policy Institute’s June 11, 2013 brief on the original proposal concluded that that it was bad tax policy… (read more)

Beyond Balance: Forward-Looking Budget Priorities for New York City

July 9, 2013. All three of New York City’s citywide elected offices will have new faces in 2014. Mayor Michael Bloomberg cannot run for re-election because of the city’s term limits law, while Public Advocate Bill de Blasio and Comptroller John Liu are both running for Mayor rather than seeking re-election to their current offices. As voters consider a large field of mayoral candidates, as well as contenders for the other two citywide offices, the five borough presidencies and… (read more)

Tax-Free New York – Bad Tax Policy, Bad Economic Development Policy

June 11, 2013. This brief concludes that Tax-Free New York is bad tax policy and bad economic development policy. From a tax policy perspective, the Tax-Free NY proposal is inconsistent with the two long-established pillars of tax fairness—horizontal equity and vertical equity.  In addition, New York State’s past experience with geographically-targeted business tax incentives should raise huge red flags regarding the efficacy of the proposal as an economic development strategy.

Besides being diametrically opposed to the principles of tax… (read more)

Advocates urge Cuomo to carry through on tax reform commission

May 25, 2012. Tax reform advocacy groups from around the state gathered on May 22 to remind the Governor that he pledged to create a tax reform commission in his State of the State address earlier this year. News coverage:

  • “Omnibus members question Cuomo’s tax plans” – a post by Rick Karlin, Albany Times Union Capitol Confidential blog.
  • “Groups Urge Tax Reform” – a post by Joseph Spector, Albany Watch blog. Includes a

(read more)

New York’s Leaders Join the Quest for Tax Fairness

January 12, 2012. Governor Cuomo emphasizes the need to close loopholes. This column by Frank Mauro  – excerpt below – was published by 99% New York.

Delivering on this objective will require an unbiased review of the litany of tax breaks that have enacted over the years in the name of economic development. Which ones actually create jobs and which ones do not? Which ones should be retained intact, which ones should be repealed, and which ones should… (read more)

New group calls for boosting New York mass transit manufacturing

October 11, 2011. Enhanced MTA investments could create good jobs and bolster New York’s recovery. While unemployment news remains bleak across the state and country, a recently released white paper, Building New York’s Future: Creating Jobs and Business Opportunities Through Mass Transit Investments, points to the benefits of a broad transit manufacturing strategy. A new group – Building New York’s Future – has formed with the mission of developing and implementing a mass-transit related economic development strategy, building political… (read more)

Building New York’s Future: Creating Jobs and Business Opportunities Through Mass Transit Investments

September 27, 2011. This white paper finds that as New York comes out of the most severe economic downturn since the Great Depression, the state can and should pursue a mass transit-related manufacturing strategy, positioning itself as a leader in sustainable transportation while creating good, middle class jobs for New Yorkers. Working toward broad political commitment and securing adequate funding for New York’s transit authorities’ capital and operating budgets, and for national mass transit infrastructure, are necessary complements.