De Blasio's program spent $300M to create only 3,000 jobs | Forex Factory

  • De Blasio's program spent $300M to create only 3,000 jobs

    From nypost.com

    Mayor Bill de Blasio spent $300 million to create just 3,000 jobs, a top city official admitted Monday. Testifying at a City Council hearing, James Patchett, president of the city’s Economic Development Corp., defended the slow progress of the mayor’s $1.35 billion “New York Works” program, launched in 2017. The program is supposed to create 100,000 jobs each paying at least $50,000 by 2027. Patchett said the city has spent $300 million so far investing in job training and infrastructure for companies that expand or relocate to the city. “We have made great progress in seeding job opportunities and ensuring ... (full story)

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Hutch
Mar 20, 2019 10:34am
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More people leave NYC each year than any other city in the US. The reasons people leave is because of high taxation and high cost of living. Spending $100,000 per person to be employed is good if these persons make only $50,000 a year it's merely above poverty level in NYC. Meanwhile NYC is getting closer to bankruptcy each year.
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