Report: How NY taxpayers spent $77 million to create one job

WNYC News | Apr 22

A few years ago, JPMorganChase asked a little-known agency in Rockland County to grant them $77 million in tax breaks to expand a data center in Orangeburg, near the New Jersey border. In exchange for the massive subsidy, the financial giant promised the project would create a single job. 

That's according to the good government group Reinvent Albany, which calls it the largest subsidy per job in history.

A public hearing was held on the proposal, but 'the public' did not come. Two weeks later, the project was approved.  

Colin Kinniburgh wrote about the issue for New York Focus. He joined WNYC's Morning Edition host Michael Hill to talk through how it all happened.

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