The Emperor Has No Clothes – Investigative Post Series Paints Devastating Picture of State Economic Development Spending

April 3, 2017

Congratulations to the team at Investigative Post of Buffalo, Pro Publica, and Columbia Journalism School for publishing the best summation of New York State economic development spending done to date.  Their exhaustively-documented series lays out in excruciating detail how the roughly $8B a year New York State and local government spend subsidizing businesses, and on dubious pork barrel projects, has not produced  jobs, economic growth or societal value, yet has created an enormous opportunity for corruption, influence peddling, and pay to play.

Investigative Post: State of Subsidies
https://www.investigativepost.org/state-of-subsidies/

1) State of Subsidies: Job Growth Access Upstate New York Remains Sluggish Despite Billions in Economic Development Subsidies
Investigative Post
March 26, 2017
https://www.investigativepost.org/2017/03/26/state-of-subsidies/

2) Corning Masters the Subsidy Game
Investigative Post
March 27, 2017
https://www.investigativepost.org/2017/03/27/corning-masters-the-subsidy-game/

3) Lackadaisical Vetting of Subsidy Seekers
Investigative Post
March 29, 2017
https://www.investigativepost.org/2017/03/29/lackadasical-vetting-of-subsidy-seekers/

4) Lack of Scrutiny for Subsidy Programs
Investigative Post
March 29, 2017
https://www.investigativepost.org/2017/03/29/pols-averse-to-scrutinizing-subsidy-programs/