Regional Economic Development

With More Corruption Trials Looming, Groups Tell NY Lawmakers to OK Contract Oversight Bills

June 8, 2018. This article by Yancey Roy discusses the demands from government reform groups, FPI included, for the New York State government to create transparency of economic development spending. The groups call for a database of deals and power to be restored to the Comptroller to review contracts. The article goes on to highlight the two corruption trials and that the Senate and Assembly backed the bills during budget negotiation but Governor Cuomo did not and they were dropped. Even with more corruption trials looming, [...]

Ron Deutsch, John Kaehny, on “Database of Deals” Proposal

June 8, 2018. FPI's executive director, Ron Deutsch, and John Kaehny of Reinvent Albany discuss the "database of deals" that would increase transparency of economic development spending on Capital Tonight. The "database of deals" would put all information on economic development spending in one place that is open to the public. The public could see how many jobs are being created and who is getting tax breaks. Also discussed is restoring the power to the Comptroller to review state contracts. For the full interview, go [...]

Groups Urge Economic Development Reform

June 8, 2018. Government reform groups are urging the New York State Assembly to pass two bills that have already been approved in the Senate that would reform New York’s economic development programs. Ron Deutsch, with Fiscal Policy Institute, says the measures would increase transparency by creating a database of deals, listing details of all economic development projects that receive taxpayer money. Another bill would restore the state comptroller’s authority to independently review the projects. Deutsch, making a football analogy, says the bill to restore the [...]

Groups Urge Economic Development Reform

June 8, 2018. This article discusses the actions of government groups to encourage the state to make changes to economic development policy in order to increase transparency. They argue it is needed because of corruption trials related to economic development projects. They are calling for a database of deals and for the power of the Comptroller to review projects to be restored. The article notes that the Senate has passed these bills and they are waiting for the Assembly to do the same. The article [...]

Attention Shifts to Assembly Hesitation on Accountability Bills Opposed by Cuomo

June 7, 2018. This article discusses the recently passed package of bills aimed at shedding light on taxpayer-funded economic development projects, among other reform measures. Good government watchdog groups including the Fiscal Policy Institute and Reinvent Albany have long supported economic development accountability reform, particularly in light of multiple scandals related to economic development projects. A number of advocacy and watchdog groups are organizing a final push for the “database of deals” and clean-contracting legislation, including a rally calling on Heastie to advance the bills [...]

Progressive Groups, Government and Budget Watchdogs Call On Assembly Speaker Heastie to Allow Vote on Database of Deals and Comptroller’s Procurement Integrity Act

Contact: Ron Deutsch, Fiscal Policy Institute, 518-469-6769 John Kaehny, Reinvent Albany, 917-941-9865 Jessica Wisneski, Citizen Action of New York, 845-901-0264 Jasmine Gripper, Alliance for Quality Education, 347-301-6277 Ethan Geringer-Sameth, Citizens Union; 914-715-0887 Susan Lerner, Common Cause New York; 917-670-5670 Jennifer Wilson, League of Women Voters NYS; 518-465-4162 Blair Horner, NYPIRG; 518-727-4506 Michael Kink, Strong Economy for All, 518-527-2787 Progressive Groups, Government and Budget Watchdogs Call On Assembly Speaker Heastie to Allow Vote on Database of Deals and Comptroller’s Procurement Integrity Act Bills have already passed [...]

Furthering Split from Cuomo, Senate Passes Reform Bills

May 10, 2018. The Republican-led New York State Senate passed a slew of government transparency and accountability bills on Wednesday that further highlighted the GOP majority’s recent split with the governor. The package of 11 bills covered everything from campaign contributions to state contracting processes including a Database of Deals for economic development projects. The Fiscal Policy Institute has long supported government transparency and accountability, especially in regards to New York's out-of-control economic development spending, and is pleased that the New York State Senate has passed [...]

A Reform Free State for New York?

April 4, 2018. This article discusses the exclusion of any accountability measures in Governor Cuomo’s state budget in regards to economic development funding. A close-aide to Cuomo was convicted last year of accepting bribes and using his influence to direct government contracts. Adovocates were calling for a database of deals to increase transparency and to reinstate the power to the New York State Comptroller. Instead of accountability and transparency, Cuomo included pay raises for lawmakers. The conviction of a former close aide to Governor Andrew [...]

John Kaehny and Ron Deutsch: Transparency for Subsidies the State Gives to Businesses

March 13, 2018. Activists are pushing for legislative action to bring more transparency to the subsidies that the State gives to businesses. We heard more on the push from Ron Deutsch, Executive Director of the Fiscal Policy Institute, and John Kaehny, Executive Director of Reinvent Albany. Access to Podcast HERE.

2021-01-06T11:19:46-05:00March 13th, 2018|FPI in the News, Regional Economic Development|

What These States Learned about Wooing Companies with Big Tax Breaks

February 15, 2018. As Amazon nears a decision on the location for its second headquarters, it's weighing a number of factors about each city: access to transit systems, the size and makeup of the local workforce, available real estate and tax breaks. Among the offers that have become public: Newark, New Jersey, has floated $7 billion in incentives. Chicago would reportedly kick in at least $2 billion. And Maryland has put more than $5 billion on the table for its Montgomery County contender.  All of [...]

2021-01-06T11:13:04-05:00February 15th, 2018|FPI in the News, Regional Economic Development|

Still Time to Enact Economic Transparency Measures

By John Kaehny, Commentary More information: John Kaehny is Executive Director of Reinvent Albany. Also contributing to this article were Ron Deutsch, Executive Director of the Fiscal Policy Institute, and Dave Friedfel, Director of State Studies for the Citizens Budget Commission. Albany Times Union, Published 6:00 pm, Tuesday, April 18, 2017 Last week, the state Legislature approved Gov. Andrew Cuomo's request to spend about $6.5 billion on a grab bag of economic development projects and business tax breaks — more than three times what the [...]

2021-01-07T12:47:33-05:00April 19th, 2017|FPI in the News, Regional Economic Development|

Albany Times Union: “Tracking state subsidies stymied by inconsistent transparency”

Inconsistent record-keeping, poor follow-up seen in state, local subsidy programs By Masako Melissa Hirsch and Charlotte Keith | on March 29, 2017 State and local economic development agencies in New York give away billions of dollars in subsidies to businesses every year but do little to assess what taxpayers are getting for their money. "What politician doesn't want to stand there with a shovel in their hand and a hard hat on their head to announce new jobs coming to their district?" said Ron Deutsch, [...]

2021-01-07T12:29:01-05:00March 30th, 2017|FPI in the News, Regional Economic Development|

Do Immigrants Present an Untapped Opportunity to Revitalize Communities?

Wednesday, October 19. As many cities across the nation experience population decline and an increase in vacant and distressed property, there is a need for economic and housing revitalization. New research from Welcoming Economies Global Network and Fiscal Policy Institute indicates that immigrants represent some of the brightest potential for revitalizing urban communities. However, experience suggests, that immigrants are often overlooked and underestimated by homeownership, community development, and affordable housing advocates, practitioners, and programs. This report, which includes an interactive tool, show that immigrants have strong rates of potential [...]

Testimony on the Report of the NYC Council Task Force on Economic Development Tax Expenditures

September 22, 2016. James Parrott, a member of the New York City Council's Task Force on Economic Development Tax Expenditures chaired by Finance Committee Chair Julissa Ferreras, presented this testimony at a September 22 hearing on the Task Force report and recommendations for a rigorous, ongoing evaluation procedure.  He also urged the Council to convene a hearing on the Hudson Yards property tax breaks, the costs of which are rapidly rising. PDF of Testimony

Opening Keynote by David Dyssegaard Kallick Promises Timely and Relevant Discussion

Friday, July 22. David Dyssegaard Kallick, Director of the Immigration Research Initiative at the Fiscal Policy Institute since 2007, will be presenting at The Coalition of Urban and Metropolitan Universities's 2016 CUMU Conference's Opening Keynote. David Dyssegaard Kallick's keynote speech, titled "Can Immigrants Revitalize America's Shrinking Cities?" will take place on Monday, October 24th from 8:30-10:00 AM at the 22nd Annual CUMU Conference: Charting the Future of Metropolitan Universities in Washington, D.C. His speech will explain why institutions in urban and metropolitan areas are struggling with [...]

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