Jobs Report

Nokia Repays $420 K. Grant For Failing To Create Lasting Jobs in New York

Nokia's renovated headquarters via

This week, Nokia, the Finnish phone company currently taking a beating on its bottom line, was forced to pay back $420,000 for a broken deal to bring jobs to its former North American headquarters in Westchester.

The Empire State Development Corporation, a group responsible for moving companies to New York, had originally bestowed a $700,000 “Jobs Now” grant unto the smartphone maker back in 2006 when Nokia purchased a former IBM building in Harrison, New York, roughly 20 miles outside Manhattan. The problem was there were no “Jobs Later,” so to speak. Read More