News Room

June 2014 Economic Development News

Border War Between New York and New Jersey Continues as Christie doles out millions in subsidies

Gov. Christie has awarded over $4 billion in tax subsidies since 2010 to corporations such as JP Morgan Chase, Forbes, and RBC Capital. As Bank Of New York Mellon considers a move across the Hudson, Christie offered nearly $100 million in tax credits. 


HUD Announces winners of the Rebuild by Design competition - $920 million to be distributed to six design projects


The U.S. Department of Housing and Urban Development announced six winning projects of its Rebuild by Design Competition. More...

April/May 2014 Economic Development News


New York City Council Committee on Finance Passes Resolution on Madison Square Garden Property Tax Exemption

On May 14, 2014 the New York City Council Committee on Finance held a hearing on a proposed resolution to repeal the property tax exemption for Madison Square Garden, in place since 1982. More...

February/March 2014 Economic Development News


This month in economic development news: Some workers at Hudson Yards to be paid living wage, new transparency reforms at NYCIDA, and more... More...

Signing off: After 13 years, Bettina Damiani steps down as Project Director of Good Jobs New York


[The following letter appeared in the April 2014 Subsidy Alert. See also the letter from Good Jobs First Executive Director Greg LeRoy, "Bettina Damiani: 13 Lucky Years for New York!"]

Early in my years at Good Jobs New York, I had the honor of meeting the great investigative reporter Jack Newfield while he was filming the documentary "City of Rich and Poor." He made an off-the-cuff comment that went something like: "taking on real estate in New York is like taking on oil in Texas." Talk about crystalizing the problem! In my last days at Good Jobs New York, More...

New Transparency Measures Announced for NYC IDA


At this month's IDA Board meeting, three new transparency initiatvies were announced and will go into effect in the coming months. More...

GJNY Launches Eye on Hurricane Sandy Money database


Today, Good Jobs New York launched our Eye on Hurricane Sandy Money database to help boost transparency about how much and which government agencies have allocated Hurricane Sandy funds in New York City. The database will be a useful a tool for many New Yorkers including those working at community-based organizations, elected officials, journalists and anyone advocating for a fair and equitable rebuilding. 

Learn more about GJNY's Eye on Hurricane Sandy Money Database


January 2014 Economic Development News


New Commissioner for SBS


New proposal for soccer stadium in South Bronx would cost over $200 million in tax subsidies


In the final days of the Bloomberg Administration a plan emerged for a proposed Major League Soccer stadium to be built on the failed Yankee Stadium parking garages, to be paid for with major tax subsidies and free rent for the stadium. For a history of this project and news on the developments, see Good Jobs New York's Spotlight on Economic Development: Proposed Soccer Arena in the Bronx.

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