Economic development policies

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

The Labor Community Advocacy Network (LCAN) to Rebuild New York

April 24, 2002. Today LCAN, a broad-based network convened and coordinated by the the Fiscal Policy Institute and the New York City Central Labor Council of the AFL-CIO, released an initial policy statement on the rebuilding of New York City. LCAN has been meeting regularly Since October 2001 to hammer out a thoughtful and detailed program for the reconstruction of New York City in the aftermath of the September 11 terrorist attacks.  On April 24, the Network released its initial … (read more)

Testimony before the Senate Finance and Assembly Ways and Means Committees’ Joint Public Hearing on Economic Development and Taxation

February 26, 2002. FPI’s testimony before the Senate Finance and Assembly Ways and Means Committees Joint Public Hearing on Economic Development and Taxation.… (read more)

An Exploration of the City’s Role in Lower Manhattan Redevelopment

February 25, 2002. Testimony by James A. Parrott before the City Council of the City of New York Economic Development Committee and the Select Committee on Lower Manhattan Redevelopment. Testimony >>(read more)

Economic Impact of the September 11 Terrorist Attacks and Strategies for Economic Rebirth and Resurgence

December 6, 2001. Testimony by James A. Parrott, FPI Chief Economist, before the New York State Assembly Committee on Economic Development and Committee on Small Business. Testimony >>(read more)

New York Stock Exchange Subsidy Deal

January 8, 2001. Testimony delivered at the Public Hearing of the Empire State Development Corporation on the New York Stock Exchange Project Held Pursuant to the Eminent Domain Procedure Law, Alexander Hamilton United States Customs House.

James A. Parrott, Deputy Director and Chief Economist, Fiscal Policy Institute, testified:

My name is James Parrott and I am the Deputy Director and Chief Economist of the Fiscal Policy Institute (FPI). FPI was established in 1991 and is a nonpartisan, non-profit research and … (read more)

De-escalating the “Economic War Among the States” and Reforming the Development Subsidy Game

August 2, 2000. A presentation by Frank J. Mauro, Executive Director, Fiscal Policy Institute, at the Syracuse University Continuing Education Program’s Summer Lecture Series, “The Role of Financial Incentives in State and Local Economic Development.”

Throughout our nation’s history, state and local governments have done much to facilitate the growth and development of the American economy. They built an impressive physical infrastructure and developed the nation’s human capital without which our private sector economy could not have prospered. In fact, … (read more)

Government Subsidies, Living Wages and the Building Service Industry

July 25, 2000. Testimony by James A. Parrott before the City Council of the City of New York Labor Committee Hearing.

My name is James Parrott. Thank you for this opportunity to testify on the question of wages and working conditions in companies that receive economic development subsidies from the City. I am the Deputy Director and Chief Economist of the Fiscal Policy Institute (FPI). FPI is a non-partisan, non-profit public policy research organization that deals with New York City … (read more)

New York’s Economy, Through Another Lens

June 27, 2000. A letter to the editor of the New York Times, by James Parrott:

Re ”Jobs Data for 1999 Paint a Rosier Picture for Upstate New York” (news article, March 2):

It may be a little premature for Gov. George E. Pataki to herald the turnaround of the upstate economy. At least 40 percent of the private job gain last year occurred in industries like retail and social services, where the average wages are 40 percent below the … (read more)

Hold Adelphia responsible if promises don’t pan out

June 15, 2000.  A call for accountability from Buffalo News columnist Rod Watson.

OK, let’s make a deal. You give me mucho, mucho bucks  and I’ll give you . . . what? A promise? Sound good? Do you know of any business that does business like  that?

No, only government does business like that. So welcome to the  Adelphia Communications waterfront project.

New York State already has tossed $75 million of public money  into the pot, $50 million of it … (read more)

McCall, agency spar over accountability

March 6, 2000. William Tuthill reports in the Capital District Business Review:

New York state’s array of economic development programs, in which  millions of dollars are annually loaned or given to spur businesses and create jobs,  lack adequate means of measuring their own effectiveness, according to a  report by State Comptroller H. Carl McCall.

There are not enough tools in place to show whether funded projects  have resulted in the increase or retention of jobs, the report said. … (read more)