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Blog Economic Development

Should New York's REDCs REDO Their Plans?

December 06, 2016
After 5 years, CBC reviews regional job creation results by industry, and the lackluster results suggest it is time to rethink the strategic plans of the REDCs.
Special Feature Economic Development

Job and Wage Growth by Region

December 06, 2016
How are the state's regional economies performing? Our interactive map and charts features employment and wage data from 2010 to 2015, the most recent year for which annual county-level employment figures are available.
Letter Economic Development

Letter from Good Government Groups On Economic Development Contracts

October 26, 2016
In order to restore the public’s faith in state economic development contracting, end the role of state-affiliated non-profits and SUNY in awarding those contracts, and transfer all economic development procurement, contract awards, and management to ESDC.
Report Economic Development

New York City's Competitiveness in Attracting Talent

September 28, 2016
How does the New York City metro area compare to other large cities in the competition for a talented workforce? Affordability and commute times remain challenges.
Video Economic Development

NYC’s Competitiveness in Attracting Talent

September 28, 2016
CBC Vice President Maria Doulis presented findings of CBC's Competitiveness Scorecard, which assesses the New York City metro area's competitiveness in attracting talent. The presentation was followed by a panel discussion on ways NYC can improve its competitive edge.
Report Economic Development

Increasing Without Evidence

September 26, 2016
This report tracks growth in NYS' economic development programs between 2010 and 2014. Little progress has been made on improving transparency and demonstrating effectiveness.
Testimony Economic Development

Testimony on Regular Evaluation of Tax Expenditures

September 22, 2016
The impact of tax expenditures should be regularly assessed to determine whether they are inducing behavior or subsidizing activity that would happen anyway.
Testimony Economic Development

Testimony on Economic Development Programs

August 03, 2016
Project-specific appropriations for economic development should cease at least until eligibility criteria are established and accountability mechanisms enhanced.
Video Economic Development

NYS Exposed:Risky Business Investments

April 25, 2016
Billions of your taxpayer dollars are used in an effort to lure businesses to our region to create jobs. What's being done to make sure state money isn't being wasted?
Letter State Budget

Recommendations on the FY 2017 Executive Budget

February 25, 2016
CBC offers recommendations for legislative action on the Governor’s Executive Budget for fiscal year 2017. The recommendations cover four proposals that deserve support, five proposals that should be modified, and four proposals that should be rejected.
Report Economic Development

Recommendations for the Next Round of Economic Development Council Awards

October 10, 2012
This brief analyzes the first round of awards for New York State's Regional Economic Development Councils and provides recommendations to standardize and improve evaluation of programs, as well as move toward a unified economic development budget.
Report Economic Development

It's Time to End New York State's Empire Zone Program

December 02, 2008
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. This report describes the benefits enjoyed by participating firms and how those benefits are distributed among economic regions of the State and types of firms; identifies and elaborates on the three serious problems that compromise the program’s efficacy; and asserts that the Empire Zone program cannot be fixed, citing past failures to do so, and should end.