Ball’s efforts have led to probe into IBM’s dealings
Assemblyman Greg Ball (R, C, I – Patterson), Ranking Member of the Assembly Committee on Corporations, Authorities and Commissions, today announced that the Committee Chairman, Richard Brodsky, was investigating Industrial Development Agency (IDA) deals made between the Empire State Development Corporation (ESDC) and IBM, which saw the latter receive at least $45 million in state aid, ostensibly to create and retain jobs, although, with the hundreds of layoffs announced in recent months, there has been much public debate over whether or not they have lived up to that agreement.
“Now that the investigation has begun, it is time for Chairman Brodsky to conduct a public hearing with the full weight of the Corporations Committee so we can find out what happened to the $45 million in taxpayer money that IBM received, as well as the millions more taxpayers are on the hook for,” Ball said. “It is time for accountability from all parties. We need to know how many jobs were created, how many jobs are going to be created, how many jobs were retained, and how many jobs were lost. We need to know who was at the negotiating table when these deals were made. And we need to work with IBM to make sure that they are creating good-paying jobs here in New York.”
Ball has been calling attention to the issue for months, as well as drawing attention to disturbing reports about the severance packages being given to former employees.
“Chairman Brodsky now joins the Attorney General’s office in investigating these deals, and it is my hope that the Comptroller will soon follow suit, for the benefit of all New Yorkers,” Ball said. “We also need to investigate IBM pulling out the rug on the benefits of ex-employees who are seniors.”
Ball said that the state cannot continue to give taxpayer subsidies to companies which offshore jobs, especially during these economically troubling times. Ball is the author of two pieces of legislation in the Assembly, each with bipartisan support, that would end tax incentives for companies that offshore jobs (A.5660) and require companies to disclose their compliance with IDA agreements (A.5677).