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Op Ed Economic Development

The Smart Money on Amazon

November 23, 2018
As New Yorkers search for Black Friday deals, including on Amazon, we are also scrutinizing the deal offered to the retail giant to come to Long Island City.
Op Ed Economic Development

The State Budget Keeps Wasting Economic Development Cash

April 06, 2018
As the New York state budget was being adopted by the Legislature this weekend, some legislators objected to a $3 million appropriation for an upstate luxury golf tournament deemed to be an economic development initiative.
Op Ed Transportation

Latest value capture proposal could harm NYC

March 22, 2018
While value capture makes sense in theory, any such arrangement should be tailored to specific projects and circumstances - with the agreement of the City.
Op Ed Economic Development

New York needs better return on economic investments

January 17, 2018
While upcoming corruption trials may provide a revealing behind the scenes look at state operations, they should not distract from the pressing need to reform the state's approach to economic development in this legislative session.
Op Ed Economic Development

Economics of State's Initiatives

October 23, 2016
Recent indictments have put a major New York state economic development initiative — the so-called Buffalo Billion — in the forefront of the media and raised questions of alleged bid-rigging.
Press Release Economic Development

Watchdog Groups Call for Emergency Oversight Hearing

October 13, 2016
Numerous prominent budget and transparency watchdog groups today called on New York leaders to hold emergency oversight hearings on the allegations by the U.S. Attorney of the largest bid-rigging scandals in state history.
Press Release Economic Development

CBC Releases Scorecard Assessing the NYC Metro Area's Competitiveness

September 28, 2016
The Citizens Budget Commission (CBC) today released its 2016 Competitiveness Scorecard, which assesses the competitiveness of the New York City metropolitan area (NYC metro) in attracting and retaining highly educated talent.
Op Ed Economic Development

What's the Return on Investment for New York's Economic Development Efforts?

March 22, 2015
New York State's economic development programs have long been the subject of debate because it is difficult to measure the benefits they produce. Are the State's considerable investments worthwhile? Although their political value is clear, their economic value is not.
Press Release Economic Development

CBC Releases Report on NYS Economic Development Programs

February 19, 2015
The report analyzes the changes in economic development spending from 2010 to 2014 and the extent to which problems previously identified have been constructively addressed.
Op Ed State Budget

Ten Key Takeaways from Governor Cuomo's Executive Budget

January 28, 2015
Last week, Citizens Budget Commission listed the Top Ten Things to Look for in the NYS 2016 Budget. Here is how they fared in the Executive Budget Proposal outlined by Governor Cuomo on January 21.
Op Ed Economic Development

How to Make NYC Economic Development More Effective

January 26, 2014
The start of the new administration offers an important opportunity to review the city's economic development practices and assure that they foster growth by making business incentives more cost-effective and transparent.
Op Ed Economic Development

Find Ways to Attract Talent

August 11, 2013
CBC's Director of New York City Studies Maria Doulis pens an op-ed in the New York Times' Room for Debate on how the next mayor can achieve important economic development goals: more jobs, a more diversified industry mix, a larger middle class and enhanced entrepreneurship.
Op Ed Economic Development

Remaining the World's Most Competitive City

June 18, 2013
A study released earlier this month by The Economist Intelligence Unit held good news for New York City, which ranked first among 120 global cities based on ability to attract capital, businesses and talent. But the competition is fierce, and is not limited to international megacities like London, Singapore, Hong Kong, and Tokyo.
Op Ed Economic Development

NY's People Strengths Need Constant Work

February 09, 2013
Human capital is a hot topic. Thriving in the information economy requires a highly skilled workforce with specialized expertise and an ability to innovate. Attracting such a workforce is essential to New York's ability to retain strength in core industries and cultivate emerging ones.