UJTF Endorses The NYS Assembly’s JOBS Act of 2013Posted: November 7, 2013
The UJTF has endorsed the NY State Assembly Bill A.08203: “Just and Open Business Subsidies Act of 2013”. (The JOBS Act for short!)
Introduced by Assembly Member Sean Ryan (D, Buffalo), the JOBS Act is an attempt to provide transparency to the over $7 billion in public subsidies given to private businesses by the taxpayers of New York’s cities and counties.
If enacted, the JOBS Act would require recipients of economic development subsidies to set clear good job and local hiring targets, transparently track subsidies and job creation on a single public website, and establish a “money back guarantee” to recapture subsidies if recipients break their promises.
Click here to link to the official description of the bill on the NY State Assembly’s website.