Economic development policies

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

Prevailing Wage for Building Service Workers in Buildings Owned or Managed by Persons Receiving City Financial Assistance

May 11, 2010. Testimony presented by James Parrott before the New York City Council Committee on Finance.… (read more)

Oversight: The feasibility of requiring a unified economic development budget as a reporting requirement

April 27, 2010. Testimony presented by James Parrott before the New York City Council Committee on Economic Development.… (read more)

Testimony at the Joint Legislative Public Hearing on the 2010-2011 Executive Budget Proposal – Economic Development

February 1, 2010. Testimony presented by James Parrott, FPI’s Deputy Director and Chief Economist.… (read more)

An Innovator Takes a Fairly Conventional Approach

October 26, 2009. An article by James Parrott, FPI’s deputy director and chief economist, who writes regularly for Gotham Gazette’s Economy section. Article (read more)

Retail Wages in New York City

June 24, 2009. Testimony before the Bronx Community Board 7’s public hearing on the Kingsbridge Armory Project, presented by research associate Michele Mattingly. As New York City leaves behind an economic era characterized by a financial sector distorted by reckless speculation, it is imperative that we rebuild the city economy on the basis of good, family-supporting jobs that create and sustain the middle-class.… (read more)

Improving Industrial Development Agencies (IDAs)

March 4, 2009.  Testimony before the NYS Assembly Standing Committee on Local Governments Public Hearing on Industrial Development Agencies, submitted by FPI executive director Frank Mauro. There is room for improvement in six areas:

  • The usefulness of IDA hearings,
  • Reporting on costs and benefits of IDA-supported projects,
  • Ensuring that IDA benefits don’t go to firms that break environmental, safety or other state laws,
  • Coordination with all local governments affected by IDA decisions,
  • Transmission and recording of PILOT payments to
(read more)

Maximizing the Value and Use of State Assets

November 6, 2008. Testimony of James A. Parrott before the New York State Commission on State Asset Maximization. To fulfill the commission’s charge to “maximize the value and use of state assets,” the state should carefully consider in-house design and prevailing wage standards when setting up new projects. Also, economic development subsidies should include strict accountability standards; the state should not act as project investor without receiving in return an ownership stake for the taxpayers.… (read more)

Community Development Done Right

May 29, 2008. A column by David Dyssegaard Kallick, New York Metro.… (read more)

Film Study Misinterpreted

March 9, 2008. A letter to the editor by FPI deputy director and chief economist James A. Parrott, The Hartford Courant.… (read more)

Pay fair wages, get quality work

February 19, 2008. A column about IDA reform by FPI chief economist James Parrott and Jesse Lenney of Metro Justice, Rochester Democrat and Chronicle.(read more)