The Economic Development Zone program has become a vehicle for giving tax breaks to a variety of corporations with no clear, consistent, verifiable justification for the public investment.
Memo to the Economic Development Committee on the Governor's new program proposals. It is broken up into two parts: Part I summarizes the proposals and Part II evaluates them against key criteria and similar programs in select states. An appendix summarizes comparable programs in New York’s neighboring states.
This presentation defines what an innovation economy is, describes New York's innovation economy's position amongst comparable states in a variety of measurements, and details state spending on research and development.
A testimony before a number of State Senate and Assembly committees where Deputy Director of Research Elizabeth Lynam reviewed the findings of a recent CBC report on the efficacy of NYPA's economic development programs.
This report focuses on the numerous subsidized power programs for economic development run by the New York Power Authority. It is the second in a series, the intent of which is to identify ways that New York's current tools can be used more effectively.
CBC released a report calling for an overhaul of the New York Power Authority’s economic development programs. It calls, among other things, for the current programs to be phased out and existing contracts to be allowed to expire.
This testimony states that providing tax subsidies is an undesirable economic development policy that further undermines New York's competitiveness through inequity and arbitrariness.
