The North Country Regional Economic Development Council received $ 61.4 million in state
economic development funding on Thursday, Dec. 8, 2016 at the Egg Center for Performing Arts in Albany.
New York state's 10 economic regions received more than $ 700 million in new
economic development funding on Thursday.
While top honors instead went to Central New York, the Finger Lakes and the Southern Tier, the region did lock in $ 85.1 million in regional
economic development funds on Thursday, bringing the total over a five - year period to nearly a half - billion in state investment.
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.
Conlon & Co founded and managed two successful investments
funds: a $ 100 million mezzanine lending
fund which provided financing
on over $ 1 billion of
development projects as well as a $ 50 million real estate opportunity which acquired distressed property in Chicago and the Southeast during the 2008 — 2011
economic crisis.
Certain matters discussed in this news release are forward - looking statements that involve a number of risks and uncertainties including, but not limited to, doubts about the Company's ability to continue as a going concern, the need to obtain additional
funding, risks in product
development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulations, dependence
on third parties to manufacture products, general
economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission.
Worryingly for Emanuel's administration, the union seems to be framing the dispute as a tradeoff between education and
economic development, with Sharkey noting that, «We need to be asking why we're spending
on things like river walks when our schools aren't
funded.»
You rely
on the International Monetary
Fund (IMF), the Organisation for
Economic Co-operation and
Development (OECD), HM Treasury and the Bank of England to support the «Remain» case, yet:
Among the factors that could cause actual results to differ materially are the following: (1) worldwide
economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's
funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant
developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report
on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports
on Form 10 - Q (the «Reports»).
H.B. 929 Status: Failed Relates to promotion of cybersecurity in the Commonwealth, initiates several efforts to promote
economic development, research and
development, and workforce
development of the cybersecurity industry in the Commonwealth, creates two new matching grant
funds, adds one administered by the Innovation and Entrepreneurship Investment Authority for private entities that collaborate with one or more public institutions of higher education
on research and
development related to cybersecurity.
The unique Council partnership has resulted in a strategic approach to high tech
economic development that involves matching
funds research, workforce
development and a marketing program leveraging governmental, corporate and
economic development organization budgets
on a regional rather than local basis.
She said her government would also establish an
economic development fund for the province and work to ensure that business owners benefit as much as possible from the oil exploration project
on Anticosti Island.
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.
IRRI's work in India is supported by contributions from ICAR, the DAC; state agricultural universities (SAUs); the Government of India and its Department of Biotechnology; state agriculture departments (MOA); Asian
Development Bank (ADB); United States Agency for International
Development (USAID); International
Fund for Agricultural
Development (IFAD); Bill & Melinda Gates Foundation (BMGF); Australian Centre for International Agricultural Research (ACIAR); Swiss Agency for
Development and Cooperation (SDC); International Initiative for Impact Evaluation; SARMAP; German Federal Ministry of
Economic Cooperation and
Development (BMZ); CGIAR Challenge Program
on Water and Food (CPWF); CGIAR Climate Change, Agriculture, and Food Security Research Program (CCAFS); Generation Challenge Programme (GCP); Japan's Ministry of Finance; the Biotechnology and Biological Sciences Research Council of the UK (BBSRC), the Department for International
Development (DFID); and the European Commission (EC).
Philip McKenna, financial consultant for Orland Park, told the village «s Planning and
Economic Development Committee
on Monday that creating a service area would enable the village to set up a
funding mechanism by issuing bonds so all water and sewer work could be completed at one time.
Slaughter mentioned that she and Congressman Brian Higgins, D - Buffalo, were looking for money to
fund high - speed rail between Buffalo and Rochester to double down
on the state's
economic development investments.
State Comptroller Tom DiNapoli said the state needs more accountability when giving out
economic development funds, noting this year's budget again relies heavily
on lump sum appropriations that have little oversight regarding their allocation.
Our Regional Growth
Fund will target resources
on areas most in need of
economic development.
Lawmakers
on Monday passed extender resolutions to keep the government running through the end of May, but also to
fund pretty much all of Gov. Andrew Cuomo's
economic development program — not to mention a $ 2.5 billion water infrastructure package that pretty much all sides want — but not contentious issues like education / charter school
funding, raise the age and 421 - a.
Deciding the next step for Terminal A is also coming as the waterfront agency nears a decision
on new Outer Harbor recreational projects to be paid for with $ 15 million in
funds provided by the Buffalo Billion II
economic development initiative.
Although the budget also provides $ 100 million to the MTA's capital program from redirected
economic development funds, it also proposes using $ 165 million of Metropolitan Mass Transportation Operating Assistance Account
funds to pay debt services
on State bonds previously issued for the MTA capital program that otherwise would be paid from the General
Fund and transferring $ 35 million in MMTOA
funds to the General
Fund.
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-...]
1322 - A (Johnson) requires the City's
economic development agencies to report
on their websites when contractors fail to meet their material obligations to the city, and any actions taken by the
economic development agency to recoup taxpayer
funds when a default has occurred.
Compared to when he announced the Buffalo Billion, Cuomo spoke less about region specific initiatives this year --- but Upstate Mayors Byron Brown and Lovely Warren say the governor's focus
on things like education
funding, infrastructure and
economic development remain important to their cities.
Meanwhile, an existing state venture
fund, known as Innovate NY, is the subject of a federal audit focused
on a firm whose managing director served
on Cuomo's 2010 gubernatorial transition team and
on a regional
economic development council.
Communities impacted by prison closures would be eligible to receive assistance from the regional
economic development councils via a $ 100 million
fund to, as the budget briefing book puts it, help them «end their reliance
on incarceration as a major source of employment and
economic sustainability.»
«There's no question that the investigation that's going
on, the indictments, bring a lot of pause to the whole question of
economic development funding,» said Sen. George Amedore, an Albany - area Republican whose district stretches across a large section of the Mohawk and Hudson River valleys.
ALBANY — Governor Andrew Cuomo
on Thursday announced the recipients of $ 700 million in
economic and community development funding through Round 6 of the Regional Economic Development Co
economic and community
development funding through Round 6 of the Regional Economic Development
development funding through Round 6 of the Regional
Economic Development Co
Economic DevelopmentDevelopment Council...
Though a coveted $ 500 million prize in the Upstate Revitalization Initiative eluded them, Capital Region
economic development boosters
on Thursday celebrated the $ 98.1 million commitment from the state to
fund 114 diverse projects aimed at moving the area's economy forward.
The $ 330 million Ferris wheel project in Staten Island lost out
on state
funding from Governor Andrew Cuomo's
economic development program yesterday.
In advance of a deadline
on Saturday, the New York City
Economic Development Corporation (EDC) agreed to grant the Messier - run Kingsbridge National Ice Center another month to produce $ 138 million in
funding for the first phase of the complex it plans to build at the site of the vacant armory in the Bronx.
More than $ 755 million in
economic and community development funding has been awarded through the Regional Economic Development Council initiative on Wednesday, Dec. 1
economic and community
development funding has been awarded through the Regional Economic Development Council initiative on Wednesday, Dec
development funding has been awarded through the Regional
Economic Development Council initiative on Wednesday, Dec. 1
Economic Development Council initiative on Wednesday, Dec
Development Council initiative
on Wednesday, Dec. 13, 2017.
A few months before the Fishkill
funds were set to expire, Kingston Mayor Shayne Gallo received a call from March Gallagher, an Ulster County official who served
on the Mid-Hudson Regional
Economic Development Council.
Lawmakers are also skeptical of Cuomo's promise to balance the budget — without big spending increases — while still
funding many of the pricey proposals he laid out in his state of the state, which include upgrades to airports, big investments in
economic development and increases in spending
on education and workforce
development.
On July 20, 2011, as part of a historic initiative to transform New York State's model for
economic development and job creation, Governor Cuomo announced that up to $ 1 billion in
economic development funding would be made available through a Consolidated Application Process (CFA).
ALBANY — A slew of Cuomo - allied upstate business leaders lobbied legislators
on Wednesday for more
economic development funding, but continued to take no position
on whether it should funneled through a competition as Governor Andrew Cuomo has proposed.
While several budget and
economic development ads are already being run, a Cuomo aide insisted no decision has been made
on using
funds to counter the vocal opposition to the gun bill, though a private coalition is taking shape to support the measure.
The new AMPrint Center
on Rochester Institute of Technology's Henrietta campus is supported by state
funds, including money from the Finger Lakes Regional
Economic Development Council.
DeFrancisco repeatedly hammered Cuomo
on the state's
economic -
development programs, citing the still - empty $ 90 million, state -
funded factory put up in DeWitt for a California light maker that the company never occupied.
A University of Rochester project
on the use of computers for health research has won $ 5 million in state
economic development funds — one of 11 state investments totaling $ 22 million announced by Cuomo yesterday.
Krueger recalled that the ill - fated Empire Zones program, which was created by former Gov. George Pataki in 1999 (it actually morphed out of the New York State
Economic Development Zones) ended up being an ill - conceived boondoggle that gave away millions of dollars worth of publicly -
funded incentives and tax breaks to businesses that pledged to create jobs and then often didn't make good
on those promises.
«SUNY Poly's narrowly focused
on some very high - profile tech projects, but for someone to say
economic development, broadly speaking, has been turned over to to someone at SUNY Poly is just incorrect,» Mr. Zemsky said, citing the governor's efforts to involve regional officials in
economic planning and to spread state
funds across thousands of smaller
economic development projects.
Earlier this month, when state
economic development officials announced recipients of some $ 82 million in state
funding for projects in the Hudson Valley, Niagara's request for $ 10.8 million for construction of the proposed plant
on an industrial site in the Town of Ulster was not
on the list.
Projects range from
economic development aid for troubled regions, to
funding the $ 4 billion dollar new Tappan Zee Bridge
on the New York State Thruway over the Hudson River.
Another bill, sponsored by Council Member Corey Johnson, would require EDC to report
on its efforts to recover
funds from any third party that received financial assistance but failed to live up to an
economic development agreement.
Governor Cuomo's first stop
on his assessment tour was at an assembly of local officials to hear presentations by five representative projects
funded by the North Country Regional
Economic Development Council.
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.
«That's why I've decided to join the Independent Democratic Conference, where I can best affect progressive change
on issues like affordable housing, higher education, school
funding equity, homelessness reforms,
economic development, infrastructure upgrades, affordable healthcare, senior citizen protections and so much more,» Peralta said in the statement.
The Albany - area Regional
Economic Development Council announced projects it wants
funded in the $ 800 million race this year for state grants and tax credits, including redevelopment of the old Starlite Theater property in Colonie and the Palace Theatre's proposed renovation and expansion, which was
on the wish list last year.
That's just a sample of the hundreds of projects
funded by one of Cuomo's signature
economic development initiatives, a system of 10 regional councils that develop plans based
on regional strengths and compete for state
funding — more than $ 4 billion so far.