Economic development policies

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

Reforms should make IDAs more accountable

May 6, 2007. An op ed by Adrianne Shropshire and James Parrott. Albany Times Union.(read more)

Strike a new deal, now: City and state must demand better pay for building staff in corporate retention pacts

April 30, 2007. An op ed by James Parrott and Bill Thompson. New York Daily News.(read more)

2007-08 Executive Budget Tackles Corporate Tax Loopholes

February 28, 2007. Short summaries of the corporate tax reform measures recommended by Governor Eliot Spitzer as part of his first Executive Budget.… (read more)

Financing of the Hudson Yards Project and the Rail Yards Agreement with the Metropolitan Transportation Authority

October 10, 2006. Testimony of FPI Deputy Director and Chief Economist James Parrott before the NYC Council Committees on Finance and Transportation. Testimony >>(read more)

The New York City Industrial Development Agency’s proposal to provide special additional tax breaks to all commercial construction projects in the Hudson Yards area of Manhattan

August 3, 2006.  Testimony presented by James A. Parrott, FPI’s Deputy Director and Chief Economist.… (read more)

The Economic Development Benefits of Prevailing Wage

May 25, 2006.  A background briefing paper reviews the academic literature on the impact of prevailing wage laws.… (read more)

Preliminary Oral Comments of New York State Attorney General Eliot Spitzer on the Allocation of Carbon Dioxide Allowances Pursuant to the Regional Greenhouse Gas Initiative Cap-and-Trade Program

May 2, 2006. The comments below were delivered in Hartford, CT, by New York State Assistant Attorney General J. Jared Snyder.

In general, the Attorney General’s office supports the carbon dioxide emission reduction program embodied in the Regional Greenhouse Gas Initiative (RGGI) model rule. Global warming is undoubtedly the most significant environmental problem facing America today and the RGGI cap-and-trade program is a good first step to reducing emissions from power plants, one of the two main sources of CO2 … (read more)

COMIDA Isn’t Spanish for Free Lunch

April 21, 2006. A report issued by Rochester’s Metro Justice and the Initiative for Development Accountability examining performance of the IDA system in Monroe County using data submitted by the County of Monroe Industrial Development Agency (COMIDA) for the years 2002, 2003, 2004.… (read more)

Rebuilding Ground Zero: Status of the World Trade Center Site Plan

March 9, 2006. Testimony presented by David Dyssegaard Kallick, FPI Senior Fellow and Coordinator of the Labor Community Advocacy Network to Rebuild New York (LCAN) to the New York City Council’s Committee on Lower Manhattan Redevelopment. Testimony >>(read more)

Ohio’s Investment Tax Credit and the Commerce Clause

March 2006. In a landmark decision issued on September 2, 2004, the U.S. Court of Appeals for the Sixth Circuit ruled that the State of Ohio’s investment tax credit violated the Commerce Clause of the U.S. Constitution.  Rather than immediately appealing this decision to the US Supreme Court, DaimlerChrysler asked the Sixth Circuit to take the unusual step of rehearing the the case en banc.

The Sixth Circuit subsequently declined this request and DaimlerChrysler then asked the Supreme Court … (read more)