An Overview of Job Quality and Discretionary Economic Development Subsidies in New York City

Feb 01, 2011
  • Description

Every year, New York City spends well over $2 billion through a variety of programs in the name of economic development and job creation. This policy brief outlines the mix of tools the New York City Industrial Development Agency uses to subsidize economic development -- including financial assistance, tax breaks, capital improvements, and the sale or lease of City-owned land -- and provides an estimate of the quality of jobs created or retained by three significant subsidized projects.