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Do Big Projects Really Create Jobs?

Do big projects really bring jobs to the neighborhoods they claim to help?
April 19, 2004, 2pm PDT | Abhijeet Chavan | @legalaidtech
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Rather than focus on manufacturing or new industries such as biotechnology, the city has zeroed in on big events, such as the forthcoming Republican convention, and big projects. But do such projects really create jobs? If so, are local residents the ones who get them? And just how good are the jobs?...

Corporations get huge tax breaks, but do not always create all the jobs they claim they will. And while a new project might generate revenues, the money goes straight to the city, not necessarily to the neighborhood most affected. Many new big box stores and malls are occupied by out-of-town business that may offer the best jobs to suburbanites and give the poverty-wage work to city dwellers. All this can leave some residents feeling trampled."

Thanks to Richard Layman

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Published on Monday, April 19, 2004 in The Gotham Gazette
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