[CPEO-BIF] "Report says public subsidies for New York businesses fail to create jobs"

[Lenny Siegel <lsiegel@cpeo.org>]

Report says public subsidies for New York businesses fail to create jobs

By Rick Moriarty 
Syracuse Post-Standard (NY)
December 9, 2013 

SYRACUSE, N.Y. -- Two New York groups critical of public subsidies for corporations released a report Monday alleging the tax breaks and government grants largely fails to create jobs in the state.

The report from ALIGN (Alliance for a Greater New York) and the Getting Our Money's Worth coalition highlights spending trends and mega-projects from seven of New York's 15 major subsidy programs that provide regional data. It also assess the regional performance of industrial development agencies, which are operated by cities and counties.

The report found that spending varies dramatically by region and generally corresponds to the level of economic activity, with New York City spending the most and the Mohawk Valley and North Country regions spending the least.


…

For the entire article, see
http://www.syracuse.com/news/index.ssf/2013/12/report_says_public_subsidies_for_new_york_businesses_fail_to_create_jobs.html

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street
Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
LSiegel@cpeo.org
http://www.cpeo.org




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