Sentences with phrase «economic development contracts for»

An array of figures from Gov. Andrew Cuomo's inner circle — including a confidante so close the governor called him «my father's third son» — got slapped with a sweeping 14 - count federal indictment today, which alleges they colluded in a pair of schemes to solicit bribes for state assistance and to rig economic development contracts for companies that gave to Cuomo's campaigns.

The indictment alleged that they plotted to solicit bribes for state assistance and to rig economic development contracts for companies that contributed to Cuomo's campaigns in a pair of interlinked schemes.

He points out that just a month ago, nine people — including a former top aide to Cuomo and the head of a key State University division — were charged with rigging over $ 750 million of state economic development contracts for personal gain.

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

ACC Accounting & Auditing, AFR Africa, AGE Economics of Ageing, AGR Agricultural Economics, ARA Arab World, BAN Banking, BEC Business Economics, CBA Central Banking, CBE Cognitive & Behavioural Economics, CDM Collective Decision - Making, CFN Corporate Finance, CIS Confederation of Independent States, CMP Computational Economics, CNA China, COM Industrial Competition, CSE Economics of Strategic Management, CTA Contract Theory & Applications, CUL Cultural Economics, CWA Central & Western Asia, DCM Discrete Choice Models, DEM Demographic Economics, DEV Development, DGE Dynamic General Equilibrium, ECM Econometrics, EDU Education, EEC European Economics, EFF Efficiency & Productivity, ENE Energy Economics, ENT Entrepreneurship, ENV Environmental Economics, ETS Econometric Time Series, EUR Microeconomics European Issues, EVO Evolutionary Economics, EXP Experimental Economics, FDG Financial Development & Growth, FIN Finance, FMK Financial Markets, FOR Forecasting, GEO Economic Geography, GRO Economic Growth, GTH Game Theory, HAP Economics of Happiness, HEA Health Economics, HIS Business, Economic & Financial History, HME Heterodox Microeconomics, HPE History & Philosophy of Economics, HRM Human Capital & Human Resource Management, IAS Insurance Economics, ICT Information & Communication Technologies, IFN International Finance, IND Industrial Organization, INO Innovation, INT International Trade, IPR Intellectual Property Rights, IUE Informal & Underground Economics, KNM Knowledge Management & Knowledge Economy, LAB Labour Economics, LAM Central & South America, LAW Law & Economics, LMA Labor Markets - Supply, Demand & Wages, LTV Unemployment, Inequality & Poverty, MAC Macroeconomics, MFD Microfinance, MIC Microeconomics, MIG Economics of Human Migration, MKT Marketing, MON Monetary Economics, MST Market Microstructure, NET Network Economics, NEU Neuroeconomics, OPM Open Macroeconomics, ORE Operations Research, PBE Public Economics, PKE Post Keynesian Economics, POL Positive Political Economics, PPM Project, Program & Portfolio Management, PUB Public Finance, REG Regulation, RES Resource Economics, RMG Risk Management, SBM Small Business Management, SEA South East Asia, SOC Social Norms & Social Capital, SOG Sociology of Economics, SPO Sports & Economics, TID Technology & Industrial Dynamics, TRA Transition Economics, TRE Transport Economics, TUR Tourism Economics, UPT Utility Models & Prospect Theory, URE Urban & Real Estate Economics.

ACC Accounting & Auditing, AFR Africa, AGE Economics of Ageing, AGR Agricultural Economics, ARA Arab World, BAN Banking, BEC Business Economics, CBA Central Banking, CBE Cognitive & Behavioural Economics, CDM Collective Decision - Making, CFN Corporate Finance, CIS Confederation of Independent States, CMP Computational Economics, CNA China, COM Industrial Competition, CSE Economics of Strategic Management, CTA Contract Theory & Applications, CUL Cultural Economics, CWA Central & Western Asia, DCM Discrete Choice Models, DEM Demographic Economics, DEV Development, DGE Dynamic General Equilibrium, ECM Econometrics, EDU Education, EEC European Economics, EFF Efficiency & Productivity, ENE Energy Economics, ENT Entrepreneurship, ENV Environmental Economics, ETS Econometric Time Series, EUR Microeconomic European Issues, EVO Evolutionary Economics, EXP Experimental Economics, FDG Financial Development & Growth, FIN Finance, FMK Financial Markets, FOR Forecasting, GEO Economic Geography, GRO Economic Growth, GTH Game Theory, HAP Economics of Happiness, HEA Health Economics, HIS Business, Economic & Financial History, HME Heterodox Microeconomics, HPE History & Philosophy of Economics, HRM Human Capital & Human Resource Management, IAS Insurance Economics, ICT Information & Communication Technologies, IFN International Finance, IND Industrial Organization, INO Innovation, INT International Trade, IPR Intellectual Property Rights, IUE Informal & Underground Economics, KNM Knowledge Management & Knowledge Economy, LAB Labour Economics, LAM Central & South America, LAW Law & Economics, LMA Labor Markets - Supply, Demand & Wages, LTV Unemployment, Inequality & Poverty, MAC Macroeconomics, MFD Microfinance, MIC Microeconomics, MIG Economics of Human Migration, MKT Marketing, MON Monetary Economics, MST Market Microstructure, NET Network Economics, NEU Neuroeconomics, OPM Open Macroeconomics, PBE Public Economics, PKE Post Keynesian Economics, POL Positive Political Economics, PPM Project, Program & Portfolio Management, PUB Public Finance, REG Regulation, RES Resource Economics, RMG Risk Management, SBM Small Business Management, SEA South East Asia, SOC Social Norms & Social Capital, SOG Sociology of Economics, SPO Sports & Economics, TID Technology & Industrial Dynamics, TRA Transition Economics, TRE Transport Economics, TUR Tourism Economics, UPT Utility Models & Prospect Theory, URE Urban & Real Estate Economics.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

It critically weakens the case for the Comptroller of NYS, to regain oversight of scandal marred Economic Development contracts, etc..

The push for procurement oversight reform began last year following the arrests of ex-SUNY Polytechnic President Alain Kaloyeros and a former close aide to the governor, Joe Percoco as well as prominent upstate developers, accused of rigging bids for economic development contracts.

DeFrancisco's bill would restore power to Comptroller Tom DiNapoli's office with the ability of reviewing state contracts and procurement for economic development programs.

Several former Cuomo associates, including a former top aide, face federal corruption trials on charges of bribery and bid - rigging in connection with the contracts for some of the governor's signature economic development projects, including the Buffalo Billion.

Today's sweeping indictments by federal and state prosecutors resoundingly confirm that the state's use of non-profits and SUNY to award billions in state economic development contracts has created huge and systemic opportunities for corruption.

With less than two weeks left in the legislative session, some New York lawmakers are pressing for reform of the state's economic development contracting process in light of a scandal that's led to federal corruption charges against several former associates of Gov. Andrew Cuomo.

U.S. Attorney Preet Bharara in April subpoenaed Cuomo's office for records related to contracts given to COR Development as part of the prosecutor's investigation into Cuomo's marquee economic development projects in UpstatDevelopment as part of the prosecutor's investigation into Cuomo's marquee economic development projects in Upstatdevelopment projects in Upstate New York.

Close to $ 2 Billion in public funds in play Today's sweeping indictments by federal and state prosecutors resoundingly confirm that the state's use of non-profits and SUNY to award billions in state economic development contracts has created huge and systemic opportunities for corruption.

Federal prosecutors charged nine former associates of Cuomo, including a former top aide, with corruption, including bribery and bid - rigging, in connection with the procurement of contracts for some of the governor's largest economic development projects.

The gist of our testimony was that the legislature should not appropriate any new funds for discretionary economic development programs until there are major transparency and accountability reforms, including a Database of Deals, Clean Contracting reforms and restrictions on campaign contributions from state -LSB-...]

In May, the former head of SUNY Polytechnic Institute, Alain Kaloyeros, and the prior leader of Cuomo's high - tech economic development efforts, will be tried for allegedly conducting kickback and bid - rigging schemes related to economic development contracts between SUNY Poly and state contractors.

One of the top issues remaining before the state legislature adjourns for the summer is fixing problems in the state's economic development contracts.

Camarda and others are advocating for a «deal database» to track all economic development contracts, and he expects to see reform in that area, a sensitive one for Cuomo — bid rigging.

In May, the former head of SUNY Polytechnic Institute, Alain Kaloyeros, who spearheaded many of the governor's economic development projects, will go on trial for charges that include bid - rigging of state contracts.

Mr. Jeffries, Mr. Stringer and others kept their criticisms largely focused on the disappointing figures regarding MWBE contracting and the importance of diversity for economic development in the city.

A spokesman for the governor, Rich Azzopardi, took issue with McGrath linking the scandal involving economic development contracts to improperly influencing Cuomo through campaign contributions.

(June 22, 2017, Albany) A coalition of prominent government watchdog groups say Governor Cuomo, Senate Leader Flanagan and Speaker Heastie have completely failed to address the huge problems revealed by last year's alleged rigging of $ 800m in state economic development contracts and that billions of state funds remain at risk for bid rigging and pay to play.

Cuomo has also decried the lack of oversight of the SUNY Poly contracts for upstate development by the state comptroller, among others, and has said he's turning all of the contracts over to his own Empire State Development authority, which routinely approves economic development projects where more checks and balances ardevelopment by the state comptroller, among others, and has said he's turning all of the contracts over to his own Empire State Development authority, which routinely approves economic development projects where more checks and balances arDevelopment authority, which routinely approves economic development projects where more checks and balances ardevelopment projects where more checks and balances are required.

He announced a day after the criminal charges were filed against his associates that he's yanking all contract authority for economic development projects from SUNY Poly and giving it to his own economic development agency.

Recommendations on how to go forward with some of Gov. Andrew Cuomo's economic development contracts tainted by scandal have been delayed for another few weeks, the governor's economic development chairman said.

In 2011, Empire State Development awarded a $ 50 million contract to prominent ad firm BBDO for marketing economic development initiatives, the auDevelopment awarded a $ 50 million contract to prominent ad firm BBDO for marketing economic development initiatives, the audevelopment initiatives, the audit showed.

The aide, Joseph Percoco, was convicted of three felonies in March for running a bribery and extortion scheme involving state economic development contracts.

Berky, who recuses herself from all votes involving RUPCO because she has done contract work for the nonprofit, said that she believed the county had made a mistake in transferring the property to the Ulster County Economic Development Agency for marketing and sale rather than putting it through the open bidding process normally required of county - owned properties.

Later, Gargano became a power broker in Gov. George Pataki's administration, doling out contracts as economic development commissioner while also raising campaign cash for the Republican governor.

Despite having rode into office in 2010 as an anti-corruption crusader, his second term saw several of his top aides and donors indicted on charges of bribery and rigging bids for economic development contracts.

A spokesman for the governor responds that it's a «joke» to think a comptroller's pre-audit of an economic development contract could flag a corrupt arrangement, and says spokesman Rich Azzopardi dismissed DeFrancisco's comments as a personal grudge against Cuomo because, he says, the governor criticized the senator for spending some time in Florida.

Empire State Development had been providing much of SUNY Poly's funding for economic development projects, but it was the college's nonprofit real estate arms — which are not subject to the same checks and balances as state agencies — that negotiated contracts and paDevelopment had been providing much of SUNY Poly's funding for economic development projects, but it was the college's nonprofit real estate arms — which are not subject to the same checks and balances as state agencies — that negotiated contracts and padevelopment projects, but it was the college's nonprofit real estate arms — which are not subject to the same checks and balances as state agencies — that negotiated contracts and paid vendors.

Cuomo has proposed new administrative controls over the non-profit entities at the State University of New York that oversee economic development efforts, as well as the creation of a chief procurement officer to monitor state contracts, as well as enhanced powers for the inspector general.

Percoco earlier this year was convicted of federal corruption charges that stemmed from efforts to secure economic development contracts in exchange for bribes and a low - show job for his wife.

The federal government's investigation into contracting for the state's «Buffalo Billion» economic development program won't hurt job creation, Lt. Gov. Kathy Hochul told reporters on Tuesday in western New York.

Often working with a lobbyist, Todd R. Howe, a former aide to Mr. Cuomo, Dr. Kaloyeros is accused of personally drafting and revising several requests for proposals to favor certain developers, including one for a SUNY Polytechnic dorm, another for a campus research building and two connected to huge economic development contracts in Syracuse and Buffalo.

In 2011 Cuomo and the legislature passed a law to stop the state comptroller from reviewing contracts for economic development projects that are now the focus of a federal probe by Bharara's office.

Liu has also not stopped putting out audits of city agencies, recently taking the city Economic Development Corp. to task for mishandling contracts, the city Parks Department for not making repairs in a timely manner and the management of a 911 call center for an inflated budget and growing timeline.

In both cases, for example, lobbyist Todd Howe worked for LPCiminelli and the state - affiliated economic development agency that managed Buffalo Billion projects and chose which companies would win contracts.

A second trial, centering on alleged bid - rigging of state economic development contracts by the Syracuse executives, former SUNY Polytechnic Institute president Alain Kaloyeros, and real - estate executives from Buffalo, is scheduled for June.

Cuomo already has announced that he'll transfer all authority for future contracts to his economic development entity.

A spokesman for the governor responded that it's a «joke» to think a comptroller's pre-audit of an economic development contract could flag a corrupt arrangement.

A former top aide and several former associates have been indicted for bid rigging, bribery and extortion in connection with upstate economic development contracts, including the Buffalo Billion, a situation that the governor calls «sad.»

The gist of our testimony was that the legislature should not appropriate any new funds for discretionary economic development programs until there are major transparency and accountability reforms, including a Database of Deals, Clean Contracting reforms and restrictions on campaign contributions from state vendors.

Pearlman contends that past county contracts for services like business marketing allowed the Partnership to autonomously handle economic development.

In January and June of 2018, nine of the governor's top aides and campaign contributors will go on trial for allegedly rigging over a billion dollars in state economic development contracts.

The package of 11 bills covered everything from campaign contributions to state contracting processes including a Database of Deals for economic development projects.