Good Jobs New York

Good Jobs New York was created to promote taxpayer accountability in economic development practices, particularly expensive subsidy deals with large corporations that threaten to leave New York City. Since 1994, over $2 Billion in subsidies have been given to NYC companies in the name of “job retention.” This practice reached a new low in December 1998 when the city and state promised the New York Stock Exchange a package worth $900 million – and the cost has since ballooned, reaching almost $1.1 billion in September 2000.GJNY examines these deals with a critical eye to promote the principles that the public has the right to know the details of these deals, to have input on them through their elected representatives and to be assured that, at a minimum these deals actually create new, good jobs for New Yorkers. States and cities around the country have implemented accountability measures that ensure taxpayers get a good “bang for their buck” when governments grant subsidies to companies. It’s time for New York to do the same.

Partners

Good Jobs New York is a joint project of two organizations: Good Jobs First is a national leader in providing timely, accurate information to the public, the media, public officials and development practitioners on state and local job subsidies. GJF works with a broad spectrum of organizations as they seek to ensure that businesses receiving development subsidies produce good jobs and are otherwise accountable to taxpayers. For more information, visit www.goodjobsfirst.org

The Fiscal Policy Institute is a nonpartisan research and education organization focusing on New York's tax, budget, economic and related public policy issues. Founded in 1991, FPI's work is intended to further the development and implementation of public policies that create a strong economy in which prosperity is broadly shared by all New Yorkers. FPI has offices in Albany and New York City. For more information, visit www.fiscalpolicy.org