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June 30, 2011

If Empire State Development's newly-adopted Mission Statement emphasizes job creation, shouldn't there be some oversight regarding Atlantic Yards jobs?

Atlantic Yards Report

So, what's the mission of the Empire State Development Corporation (aka Empire State Development)?
...

Well, the agency no longer uses the phrase "New York Loves Business," but its Mission Statement and Performance Measures, adopted this past April and embedded below, state the following:

Mission Statement
The mission of Empire State Development is to promote business investment and growth that leads to job creation and prosperous communities across New York State.

Performance Measures

  • Customers served: number and types (private, public, not-for-profit); size of entity by number of employees; MWB status
  • Financing provided and leveraged: amounts of ESD support, other public support, private investment
  • Jobs projected to be retained and created
  • Regional and industry breakdowns of assistance, jobs retained and created, and leveraged investment

Hearing on jobs needed

If that really is the mission, then shouldn't they be concerned about the number of jobs created by the Atlantic Yards project, and whether the help offered to get Forest City Ratner low-cost financing under the federal government's EB-5 program actually creates new jobs?

Maybe Brooklyn Assemblyman Jim Brennan, who now chairs the Corporation's Committee, can hold an oversight hearing and ask a few questions.

link

Posted by eric at June 30, 2011 8:16 AM