Monthly Archives: February 2016

“The federal govt can’t just plunk down money. But ESDC can!”

Is it just us, or is it disconcerting that Chuck Schumer can call up Andrew Cuomo and get a $25m check written to some hedge funder who wants state tax payers to guarantee that his factories are profitable? Might there be good reasons that the president can’t pull out the federal checkbook whenever he wants […]

Questions The State Senate Should Be Asking About Economic Development Subsidies

New York State government provides about $4B a year in various forms of subsidies to business. Unfortunately, there is little evidence that these subsidies are a worthwhile way to spend tax payer dollars compared to traditional investment in public infrastructure, investments in government efficiency, paying down debt or across the board tax cuts — investments […]