Economic development policies

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

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
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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)

Paying good wages shields taxpayers from waste

February 14, 2008. A column about IDA reform by FPI executive director Frank Mauro and Micaela Shapiro-Shellaby of the Coalition for Economic Justice, Buffalo News.… (read more)

Getting bang for our buck: Economic development in New York State

February 11, 2008. Despite the billions currently spent on economic development, we have relatively little to show for it. The appropriate guiding principle is building the middle class – thus increasing the already impressive productivity of New York workers. Logical next steps include scrapping Empire Zones, reforming IDAs and more. Brief >>(read more)

Testimony on the 2008-2009 Executive Budget – Economic Development and Taxes

February 11, 2008. Testimony submitted by FPI executive director Frank Mauro to the Senate Finance and Assembly Ways and Means committees. Given the many signs that we are in a recession, state leaders must be especially careful about the way they close the state budget gap. Some gap-closing strategies could actually exacerbate the downturn.… (read more)

What to Know Before Analyzing the State Budget

January 20, 2008. This brief provides information about the state’s economy, its finances, and three policy issues (property taxes, economic development and economic security) that are sure to receive significant attention during this year’s budget debates. It also touches on the federal stimulus package now being debated in Washington, and how that package may help or hurt in the balancing of the state budget.… (read more)

FPI Comments on NYSERDA’s Regional Greenhouse Gas Initiative (RGGI) Rulemaking

December 24, 2007.  FPI comments urging NYSERDA to amend the proposed rule to include low-income protection as an explicitly mandated purpose for the proceeds of the auction of the RGGI allowances and to add at least one low-income advocate to the list of stakeholders to be included in the advisory group to oversee the expenditures of the auction proceeds.… (read more)