economic development
NY's $7.7B in handouts for film industry come under scrutiny with new study showing little benefit for taxpayers, small biz
Empire State Development CEO Hope Knight defended state incentives like the Film Production Tax Credit even after a damning independent analysis found the nearly $700 million yearly expense to the...
Price-gouging isn’t driving inflation, rewriting Oct. 7 history and other commentary
“Lots of Americans are upset about their grocery bills, which rose dramatically during the inflation that followed the pandemic and have never come back down,” notes The Free Press’ Madeline...
NYC Ferry ticket prices to increase in latest price crunch on commuters
New Yorkers will soon have to pay more for commutes with waterfront views. NYC Ferry will be raising its prices for single-tickets starting this fall in what serves as the...
Mayor Adams could learn a good lesson from Bloomberg's real 'city of yes'
Dan Doctoroff, Bloomberg’s deputy mayor for economic development, dreamed up, championed and nurtured some of Gotham’s most impressive, game-changing projects — from Brooklyn Bridge Park to Governors Island to Hudson Yards.
'City of No'?: Adams plan to boost economy under fire by NYC Council
Both Democrats and Republicans on the NYC Council are expressing serious concerns over Mayor Eric Adams’ “City of Yes for Economic Opportunity” proposal aimed at boosting businesses and job growth.
Texas Gov. Greg Abbott's 'economic development' lesson for New York pols
New York has seen big corporations leave — and it’s facing monster budget gaps for the coming years. It’s not hard to explain the difference.
Memo to Gov. Hochul: Don't repeat SolarCity fiasco
Rational economic development strategy focuses on creating an attractive business climate — low taxes; reasonable and predictable regulations; reliable, low-cost power.
A blatantly rancid bit of Hochul 'economic development'
In a bit of "economic development" that reeks of something rotten, Gov. Kathy Hochul's arranged for New York taxpayers to cover $2.2 million of the $3 million cost of expanding...
One thing Albany's sure to agree on: Killing more jobs
New York still hasn't recovered all 2 million of the jobs it lost during the pandemic, and likely won't for month. And the coming state budget is guaranteed to make...
Good government groups plead with New York Democrats to end 'love affair' with wasteful spending
A $455 million loan to Belmont Park is on track to get approved alongside $480 million in expanded tax breaks for film, TV, and Broadway productions after the state Senate...
Hochul liability veto is good for jobs
Gov. Kathy Hochul waited ’til the last day to do the right thing and veto the Grieving Families Act — whose proper name would be more like the Greedy Lawyers...
Exhibit #1 in why it's so hard to build housing in New York City
Consider Judge Arthur Engoron's ruling this month freezing work because the developer made an agreement with the Landmarks Preservation Commission to save the South Street Seaport Museum.
Pundits weigh in on Adams' biggest challenges in 2023 after 'B+' year in office
The Post has asked pundits from all sides of the political spectrum to offer some advice to Mayor Eric Adams on how do better in 2023.
Adams, Hochul tag team the left in pro-business stance
Fact is, New York mayors and governors of the same party rarely get along, for a host of reasons. But these two are plainly united.
Mayor Adams' Willets Point development is a shot in the arm for Queens, the city
Congratulations to Mayor Adams for getting stuff done (without resorting to corporate welfare).
Price chopper: NYC gave helipad operators $1.4 million in COVID rent breaks
The broad outlines of the arrangement between EDC and one of the operators, Saker Aviation, were quietly disclosed in a recent filing the company made with federal regulators.
Adams' aide inked doc barring second jobs while keeping casino gig
The aide, Timothy Pearson, signed documents in March 2022 as he completed the first round of paperwork to join the city-controlled Economic Development Corporation as a top aide to Adams,...
Eric Adams' casino pal is triple-dipping taxpayers
Adams defends his hires as qualified people whom he has good reason to trust. But the smell keeps adding up. He should tell his pal Pearson to choose between public...
Penn Station badly needs a redo but the Cuomo-Hochul plan doesn't cut it
Anyone who’s ever been close to Penn Station knows what a hellhole it is. So it’s good that state and transit officials are planning to overhaul the site — but...
NIMBY New Yorkers should say 'Yes' to Adams’ City of Yes growth plan
Mayor Eric Adams didn’t just direct his own administration to get to “Yes” more often. He’s challenging New Yorkers themselves to say “Yes,” too.