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November 2, 2011
Wanting to ensure "we get the most out of every economic development dollar," de Blasio calls for more transparency and "the subsidy cost per job" (what about AY?)
Atlantic Yards Report
“We have an unemployment crisis in this city that demands we get the most out of every economic development dollar," says Public Advocate Bill de Blasio, so he wants to make sure there's more transparency regarding projects funded by the New York City Economic Development Corporation (NYC EDC).
De Blasio said in a press release:
The new legislation to be introduced by Public Advocate de Blasio in the City Council would require EDC to report for each project site:
- The number of jobs prior to receiving subsidies;
- The projected number of jobs when subsidies end;
- The current number of jobs; and
- The subsidy cost per job.
The legislation is the first in a series of reforms to be proposed by the Public Advocate this month to spur job creation and expand opportunity for the middle class.
That's surely a worthy goal, but de Blasio is not exactly consistent, having not said a word about the failure to monitor the Atlantic Yards Community Benefits Agreement.
How many jobs have been created by Atlantic Yards subsidies, and at what cost?
Posted by eric at November 2, 2011 10:00 AM