Economic development policies

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

Groups Call for Reform of Business Subsidy Programs

July 11, 2007. FPI teamed up with New Yorkers for Fiscal Fairness, Environmental Advocates, NYPIRG and the Sierra Club to call attention to the taxpayer funds being poured into Empire Zones, the Brownfield Cleanup Program, and industrial development agencies – business subsidy programs that lack basic accountability measures and anti-sprawl provisions. Group press release >>(read more)

Statewide Coalition Joins Assemblyman Brodsky to Call for an Immediate Moratorium on the Empire Zone Program

June 7, 2007. At a press conference focused on reforms of the Empire Zone program, FPI executive director Frank Mauro spoke about the differential tax treatment that is fostered by the program as currently structured. Group press release >>(read more)

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)