City Agency to Shine Brighter Light on Biz Subsidies

September 22, 2010  |  

(Crain’s) — The city’s Industrial Development Agency finally found something to vote on Tuesday that even its harshest critic—City Comptroller John Liu—couldn’t fault: reforms to increase the agency’s transparency and accessibility.

The city’s IDA and Capital Resource Corp., which provide subsidies and low-cost financing to promote economic development, each unanimously approved a package of reforms to their operating procedures that call for more rigorous job-reporting requirements, broadcasting of public hearings and board meetings, and dissemination of additional project information prior to hearings.

Read More…

Trending on MadameNoire

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN