News Room

Six Months After Sandy, New Yorkers Rally for a Just Rebuilding


On the six-month anniversary of Hurricane Sandy, New Yorkers from across the city gathered at City Hall to rally for a fairer and more equitable rebuilding. Read the complete press release.


The New York World and GJNY uncover beneficiaries of the city’s wasteful property tax break program; GJNY expands Database of Deals to over 33,000 deals.


The New York World helped expose the long-lasting effects of the Industrial and Commercial Incentive Program, ICIP, outing its top beneficiaries in a story describing a defunct program that still costs New Yorkers $650 million this year. More...

Economic Development February News


On February 12, New York City Comptroller John Liu announced his office's most recent audit of the lease agreement between the City and the Marriott Marquis Hotel that drastically reduced rents for the Times Square hotel and permits the Marriott Marquis to purchase the land at a deep discount when the lease expires in 2017. The Comptroller urges the Economic Development Corporation to renegotiate the terms of the lease, or the deal will  cost taxpayers nearly $345 million.


February 5, 2013: First Round of CDBG Grants


The first installment of disaster aid in the form of Community Development Block Grants are announced for New York City ($1.7 billion) and New York State ($1.7 billion) and New Jersey $1.8 billion).  The Bloomberg Administraiton h More...

Economic Development January News


In January, the New York City Comptroller launced Checkbook NYC 2.0; the New York City Industrial Development Agency released its Annual Investment Projects Report for fiscal year 2012; and Good Jobs First published a new report.


GJNY and FUREE co-host screening of "My Brooklyn" with panel discussion


My Brooklyn movie posterGJNY is proud to co-host with Families United for Racial and Economic Equality (FUREE), a special screening of the award-winning documentary film "My Brooklyn" by Kelly Anderson and Allison Lirish Dean, which examines the City's displacement of small businesses at Downtown Brooklyn's Fulton Mall to make way for the upscale development now known as City Point.


Economic Development Corporation news in December


This week, the New York City Comptroller announced new transparency measures will go into effect at the New York City Economic Development Corporation. Also, the City Council will hold a hearing on EDC's restructuring as a result of a settlement with the State Attorney General's office. Media advisory [pdf]  More...

The New York Times Series Tackles Subsidy Programs


This week, The New York Times released a three-part series on the failure of corporate subsidies on job creation and retention in the U.S. The series includes an interacive feature and a searchable database that accredits Good Jobs First's Subsidy Tracker. Bettina Damiani of Good Jobs New York is featured in the TimesCast, a webcast that accompanies the series.  More...

Public hearing for draft scope of work for Willets Point redevelopment


On Thursday, September 27 the New York City Deputy Mayor for Economic Development held a public hearing on the draft scope of work for the environmental review of the proposed redevelopment of Willets Point in Queens. More...