New Rochelle Good Jobs First

“Localities spend tens of billions of dollars annually on subsidies, yet most make it difficult for residents to learn which companies receive that assistance,” said the report’s author, Good Jobs First research Analyst Kasia Tarczynska. “And even fewer provide information on the effectiveness of the awards.”
Discover Where Corporations are Getting Taxpayer Assistance Across the United States
SUBSIDY TRACKER 3.0 is the first national search engine for economic development subsidies and other forms of government financial assistance to business.

New Rochelle Good Jobs First

New Rochelle Subsidies: https://goo.gl/MzO17S

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Let’s Create a Million New Good Jobs

The unemployment rate is 5.0%. This is great but the problem is that millions of people are still unemployed or underemployed.
Yet we need more than just jobs alone. We need good jobs. According to the Social Security Administration 51.4 percent of all Americans make less than $30,000 per year which is only slightly higher than the poverty guideline for a family of four of $24,250. 1 in 5 people in New York City live below the poverty level.
Small businesses account for a large share of the United States’ GDP. A subset of firms that are young and high-growth generate a large share of new jobs. Locally owned firms have been found to generate greater local economic ripple effects than chain establishments or other non-locally owned companies…. the Small Business Administration, for example, attributes almost half of private nonfarm GDP and almost two-thirds of net new private-sector jobs to what it calls small businesses.
[Yet a]cross the 16 programs in 14 states examined, large companies are receiving 80 to 96 percent of the subsidy dollars, and somewhat smaller but still very disproportionate shares of the deals (indicating that deals granted large businesses are more lucrative). Overall, big businesses received 90 percent of the $3.2 billion awarded, and 70 percent of the deals.
For example, in New York City, 80 percent of $82,471,363 in deals went to large firms.
Greg LeRoy

Greg LeRoy founded Good Jobs First in 1998

One way to address these problems is for Americans to buy more products manufactured in the United States and for New Yorkers to purchase more locally made products.

Made in NYC
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