Economic development policies

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

Testimony on economic development in New York State

December 18, 2007. Submitted by FPI’s chief economist James Parrott to the New York State Division of the Budget. New York’s trillion dollar economy has the potential to be a dynamic economy that rewards all New Yorkers, but challenges abound, including volatility on Wall Street. And there is little to show for the billions of dollars spent on economic development in 2007 by state and local governments. New York needs a new approach that is strategic, diverse, coordinated and accountable. … (read more)

New York’s Empire Zone Program

September 27, 2007. A presention given by FPI senior economist Trudi Renwick as part of “Who Benefits? State and Local Subsidy Reform,” a panel discussion at a conference sponsored in Buffalo by Cornell’s ILR School and others, “The High Road Runs Through the City: Advocating for Economic Justice at the Local Level.”… (read more)

Testimony on New York State’s Brownfields Cleanup and Opportunity Area Programs

September 25, 2007. Testimony submitted by FPI Executive Director Frank Mauro to the Senate and Assembly Committees on Environmental Conservation.… (read more)

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)