| Company | USWeb/CKS |
| Date Announced | 10/25/1999 |
| Site | 105 East 17th Street |
| Total Subsidy | $3 million |
|
??? |
| Promised Job Creation | 1,367 |
| Promised Job Retention | 586 |
| Length of Contract | 15 years |
| Competing Sites | none |
| Conditions | none |
| Notes | In November 1999 USWeb/CKS merged with Whittman-Hart, a technology consulting firm. This merger has become what is now known as MarchFirst. MarchFirst, in an effort to keep the company afloat, got out of the business it was founded to do. The company would no longer be involved in providing consulting services to internet start-ups. Instead, MarchFirst will concentrate its efforts on more traditional companies that are trying to build e-commerce operations. CEO Robert F. Bernard told a group of investors at a technology conference that he "screwed up". "We had too much dependency on our dot-coms. We’re biting the bullet right now. I’m out of that business by January 1," said Bernard. (Andrew Ross Sorkin, New York Times, November 29, 2000). As a result of this re-organization, MarchFirst laid-off 1000 employees, or 10% of its workforce. |
| Corporate Notes | USWeb/CKS began as an internet services provider. |
| Critics | |
| A
note on sources -- or why many of these profiles appear incomplete.
They are. Good Jobs New York compiled the numbers in these profiles from
press releases and news accounts of the deals. Unfortunately, more
detailed information on these subsidies is very difficult to obtain --
even though it should be readily available to the public. In many cases,
neither the company nor the city nor state released certain information,
particularly the terms of the agreement, i.e., the conditions which the
company had to meet in order to receive the subsidy. It should also be
noted that the value of the subsidy may not end up being equal to the
value estimated at the time of the agreement. And it should not be assumed
that the actual number of jobs retained and created will be the same as
the numbers predicted.
Because the public deserves easy access to information about how taxpayer dollars are being spent, Good Jobs New York will update these profiles as we uncover more information. Good Jobs New York - May 25, 2001 |
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