The bidding war between New York and New Jersey over the relocation of FreshDirect recently ended with New York City and State putting together a “winning” $125 million incentive package for the firm to move and expand into the Harlem River Yards in the Bronx.[1] The battle over FreshDirect is an example of unsound “race to the bottom” economic development p

Mayor Michael Bloomberg is poised to announce which university has been selected to develop an applied science and engineering campus in New York City.   The City of New York will provide land and infrastructure investments worth up to $100 million to the winner.  Time will tell whether the campus will serve as the catalyst for transforming the New York metropolitan area into the

Last year, New York State began to phase out the roundly criticized program called Empire Zones. The program doles out a panoply of tax incentives to approximately 10,000 firms, either located in an "Empire Zone" or deemed "regionally significant" in return for a commitment to create or retain jobs and to invest capital in the firm's infrastructure.