The Bloomberg administration’s $130 million subsidy of grocery-delivery company FreshDirect became a flash point in a recent mayoral debate when, on a question about job creation, Joe Lhota criticized Bill de Blasio’s disapproval of the subsidy.
Tag: Independent Budget Office
Mayoral candidate Bill de Blasio’s lofty goal of leveling inequality suggests big changes at the Economic Development Corporation. But his broad policies won’t bring sweeping transformation — the EDC is spreading out its resources without him.
Competing interests for city funding leave manufacturing districts with fewer resources.
Declining city funds and the growing number of non-industrial businesses in and around industrial business zones (IBZ’s) are at odds with the program’s original purpose.