Sentences with phrase «economic development contracts in»

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.

But the measures being pushed include greater oversight of economic development contracts in the wake of a corruption scandal that drew in a former close aide to Cuomo, and re-empowering the comptroller's office in the process.

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.

David Friedfel, with the business - affiliated Citizens Budget Commission, agrees and also backs a bill to create a database of all economic development contracts in the state.

Citizens Budget Commission also backs a bill to create a database of all economic development contracts in the state.

A bill proposed by State Comptroller Tom DiNapoli would give the comptroller the power to oversee economic development contracts in the future and potentially flag any signs of illegal activities.

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.

According to an incentives contract recently signed with the Indiana Economic Development Corp., Clear Software plans to spend about $ 700,000 to open a new headquarters in downtown Zionsville, where it will hire up to 190 employees by the end of 2019.

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.

Regardless of what verdict the jury brings back in the case, Horner said the case shows how reforms need to be made on how economic development contracts are doled out.

The governor also wants to reform the state's contracting process to address a scandal in his office over economic development contracts.

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.

Cuomo has been talking about reforming economic development contract awards in his administration, following federal criminal charges against nine people — one a former top aide — on bribery and bid - rigging charges in connection with the Buffalo Billion and other projects.

By the end of today, the three biggest recipients of state economic development building contracts, plus the governor's Upstate nano - tech czar and SUNY Poly President, and one of the governor's closest aides will all be under federal or state indictment in a sprawling bribery and bid rigging scandal that involves close to $ 2B in state -LSB-...]

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.

By the end of today, the three biggest recipients of state economic development building contracts, plus the governor's Upstate nano - tech czar and SUNY Poly President, and one of the governor's closest aides will all be under federal or state indictment in a sprawling bribery and bid rigging scandal that involves close to $ 2B in state funds.

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.

Several of Governor Cuomo's former associates have been charged with corruption in connection with economic development contracts.

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.

A bill by state Comptroller Tom DiNapoli to reinstate the comptroller's ability to oversee economic development contracts is gaining momentum in the legislature.

The groups urged bans on a pay - to - play culture in Albany to limit political donations by firms seeking state contracts, closing a loophole heavily used by Cuomo and others that allow limited liability companies to skirt donation limits to politicians by private companies, creation of «truly independent» ethics oversight agencies, a public, searchable database of state economic development deals and creation of «clean contracting» systems to govern awards of state contracts.

The state's comptroller has a plan to reduce corruption in the awarding of economic development contracts that has led to the indictment of former associates of Gov. Andrew Cuomo.

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.

Meanwhile, in the Senate, which is controlled by Republicans, the Finance Committee voted to move on another reform bill that would add more oversight to the state's economic development project contracting process.

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.

Several of Cuomo's former associates have been charged with corruption in connection with economic development 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.

Republicans in the State Assembly say they are frustrated that there's been no increased oversight in the state's billions of dollars in economic development contracts, including the governor's signature programs like the Buffalo Billion.

It would instead create a new inspector general to investigate potential corruption in the awarding of economic development contracts.

(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... (read more)

(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.

Watchdogs say Governor Cuomo must work to restore public trust after scandal involving $ 780 million in rigged economic development contracts.

It's still not clear if a bill that would re-empower the state comptroller to oversee major economic development contracts will see a vote in the Legislature before the end of the month.

Overall, the contract is being spent to promote five different economic development programs, including Start - Up NY, which creates tax - free areas around college campuses, in an attempt to draw businesses to relocate or set up shop in the state.

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.

The lawsuit details claims by LI Clean Tech that the state economic development agency and the state Department of Transportation kept Talon Air's competitors as well as the public, local residents and the airport's commission in the dark while the contract was steered to Talon.

Issues mentioned in the flyer included the Senators failure to: Stand up to the Governor when he shut down hundreds of construction jobs; Stand up to the Governor when he violated public employees contracts; Reform our broken economic development system; Enact a farm workers bill of rights; Increase the state's unemployment benefit.

To date, the legislature has not passed the comprehensive reforms needed to reduce the enormous corruption risks revealed by the alleged rigging of $ 800m in upstate economic development contracts.

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.

Kaehny said the governor also should focus more on fixes to address a scandal in his own administration over economic development contracts.

When reporters asked the governor on May 25 in Syracuse about economic development contract awards to politically connected campaign contributors — a matter that's at the heart of the federal probe — Cuomo said SUNY made those decisions, not him.

John Kaehny, with the reform group Reinvent Albany, says lawmakers need to make economic development contracts more transparent, to avoid potential corruption in the future.

Another issue much discussed during the session is the reform of the state's economic development contracting process after a scandal in the governor's office.