Political and private sector leaders from around the state are spending three days at the Capitol, making their best case to win a share of $ 1.5 billion in
economic development monies for their region.
Political and private sector leaders from around the state are spending three days at the Capitol, making their best case to win a share of $ 1.5 billion dollars in
economic development monies for their region.
Not exact matches
For another, the
money goes first to intermediaries like the Richmond
Economic Development Corporation, which in turn make loans to people like Baskerville.
While larger sums of
money are thrown around in San Francisco, New York, Boston and a handful of other major U.S. cities, Bott and Tammy Riddle, director of the IT cluster at the Cincinnati USA Partnership
for Economic Development, say that what sets Cincinnati apart is its unusually supportive ecosystem
for new companies.
Most of these deals go through a privatized
economic development agency called JobsOhio, which doesn't require as much transparency as a public agency about what taxpayers are getting
for their
money.
Members of Congress will grouse about giving American
money for economic development in Egypt when our own economy is on the rocks.
Today the State is closing down the state primary schools
for the poor, and they are not interested in aiding private agencies to conduct such schools, because they see it as a costly exercise in social welfare which reduces
money for investment in hi - tech
development aimed at
economic growth.
«Tioga Downs» expansion will foster hundreds of new jobs and spur much - needed
economic development in the Southern Tier, plus generate millions of dollars
for public schools and local governments — with all private
money and zero taxpayer dollars,» Commission Executive Director Robert Williams said in a statement.
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.
Flanagan indicated he wanted a broad - based review of
economic development spending, including some areas that are potentially sensitive to Cuomo, such as the
money his administration spends on advertising job - creating efforts and a review of the «lack of accountability
for major deals and projects that fail miserably when it comes to creating jobs.»
Backed by $ 750 million in taxpayer
money, the nearly $ 1 billion Solar City factory is the centerpiece Cuomo's Buffalo Billion
economic development initiative and meant to be a beacon of hope
for an economically depressed city.
http://ghanapoliticsonline.com «Presidents create opportunities
for people to make
money and he [Mahama] says he is laying the social and
economic structures in this country; my [Mahama] first term of office was dedicated to laying down the social and
economic infrastructure and that is in tandem with
development paradigms everywhere,» he explained.
All ten regions competing
for economic development money were awarded some portion of $ 788 million dollars in funds in a ceremony led by Governor Cuomo Thursday, but some regions were more equal than others, with four areas receiving the top grant prizes.
But the governor called out the region's legislators
for wanting to shift control of state
economic development funding away from the regional
economic development councils that Cuomo created and put the
money back in the hands of the Senate and Assembly
for them to dole out individually.
In 2014, the program was expanded to cover «
economic development projects» that would «create or retain jobs in New York state,» opening the door
for the program to dish out borrowed
money to private businesses (such as the Ed Sullivan theater renovation).
Farrell also challenged Cuomo's desire to kill member items
for good, noting the governor has plenty of
economic development cash to dole out on his own — or, as the assemblyman put it: «The governor has people who walk around with
money in their pockets.»
The
money itself is budgeted
for the RiverBend site, home to the SolarCity project, a key component of the Buffalo Billion
economic development program, which is being investigated by the U.S. attorney's office.
The top legislative leaders in the Democratic - led Assembly and GOP - controlled Senate on Tuesday indicated they support approving $ 485.5 million in spending
for a subsidiary of the under - investigation SUNY Polytechnic, saying the
money is vital
for the continuation of the
economic development program in western New York.
Some of the
money is ticketed
for utilities like Con Edison to repair infrastructure and fund a planned performing - arts center,
economic development and nonprofit groups downtown.
Over the last 14 years, state leaders have created at least a dozen different programs that allow them to borrow
money off of the state's normal books
for projects loosely defined as
economic development or community enhancement.
The approved budget includes $ 50 million in
economic development money and tax credits
for communities that rely on the prisons as a source of employment and income.
Backed by $ 750 million in taxpayer
money, the nearly $ 1 billion factory is the centerpiece of Gov. Andrew M. Cuomo's Buffalo Billion
economic development initiative and meant to be a beacon of hope
for an economically depressed city.
McMahon said the
money coming from Turning Stone through the state has to be used
for economic development.
The law does say that municipalities that have casinos within their borders should use the
money for economic development or job creation, but doesn't put specific restrictions on the
money given to outlying counties such as Onondaga County.
Officials at Empire State
Development, the state's economic development arm, say Donnelly has not submitted required documentation on how the money will be spent and that he has failed to come up with sufficient private financing for the $ 40 milli
Development, the state's
economic development arm, say Donnelly has not submitted required documentation on how the money will be spent and that he has failed to come up with sufficient private financing for the $ 40 milli
development arm, say Donnelly has not submitted required documentation on how the
money will be spent and that he has failed to come up with sufficient private financing
for the $ 40 million project.
Republican candidate
for governor Rob Astorino has been traveling the state criticizing Gov. Andrew Cuomo's attempts to invest
money in parts of New York to spur
economic development.
Provides $ 300 million in new
money for repair of roads, bridges and infrastructure under the transportation component of the NY Works program with $ 100 million of it awarded competitively through the Regional
Economic Development Councils.
The Finger Lakes Regional
Economic Development Council is competing
for that state
money, a taxpayer - infused boost
for the winning regions.
City Treasurer Darius Shahinfar stood above in a city hall doorway, shaking his head, later explaining: «The city does not give away
money for economic development in the City of Albany.
The state budget did include more spending on
economic development in the budget, including more money for Regional Economic Development Councils and another $ 500 million for projects in
economic development in the budget, including more money for Regional Economic Development Councils and another $ 500 million for projects
development in the budget, including more
money for Regional
Economic Development Councils and another $ 500 million for projects in
Economic Development Councils and another $ 500 million for projects
Development Councils and another $ 500 million
for projects in Buffalo.
If he'd had the
money for the campaign, he could have spread the word about the work he's done on the legislature, particularly regarding
economic development and Lyme disease.
A request
for bids on the tanks went out in December 2015, the same month the Finger Lakes region was awarded $ 500 million in
economic development money from the governor's Upstate Revitalization Initiative competition.
Gov. Andrew Cuomo, a HUD secretary in the Clinton cabinet, created the 10 regional
economic development councils as a way of stimulating job growth by having various regions of the state compete
for grant
money and tax incentives.
He said cities, towns and villages within a region should work together to compete
for the
economic -
development money.
Last year, the state's multi-billion windfall was divided up, with
money sent to the Tappan Zee Bridge replacement project, an infusion of cash
for the competitive
economic development project proposals and
money to avoid toll hikes on the state Thruway Authority.
State legislators in downstate New York are looking to divert
money planned
for upstate
economic development for their own projects, according to Cuomo.
Galesi's chief operating officer, David Buicko, has a seat on the local Regional
Economic Development Council and his company has received money before for the Mohawk Harbor development, next to Rivers Casino in S
Development Council and his company has received
money before
for the Mohawk Harbor
development, next to Rivers Casino in S
development, next to Rivers Casino in Schenectady.
It's a this -
for - that bribery trial, unlike a far more complicated second corruption trial with other defendants, set
for June, that will focus on the governor's big
money economic development schemes.
Mahoney proposed a $ 49.5 million bond to pay
for construction of a concert amphitheater on the shore of Onondaga Lake, part of a $ 99.5 million
economic development project to be financed with county and state
money.
Mr. Adams said his office had received marching orders from Governor Andrew Cuomo to provide $ 785 million in grants by asking regional
Economic Development Corporations
for advice on the most crucial projects in their areas, instead of having the state dictate where the
money would go.
In January, New York Governor Andrew Cuomo announced an Upstate Revitalization Initiative through Regional
Economic Development Councils as a separate competition for development monies in upsta
Development Councils as a separate competition
for development monies in upsta
development monies in upstate regions.
One additional fund that's being proposed in the budget is a pot of
money that would be available
for economic development projects.
These
monies are used
for a variety of community planning / improvement projects, housing programs, and
economic development programs.
A top
economic development aide to Gov. Cuomo has resigned suddenly after being accused of sexual harassment —
for the second time in his career — and paying $ 50,000 in hush
money.
The New York State Legislature has passed Industrial
Development Agency (IDA) reforms that will increase transparency and accountability for use of public money in private economic developmen
Development Agency (IDA) reforms that will increase transparency and accountability
for use of public
money in private
economic developmentdevelopment projects.
She noted that one of the governor's key
economic development proposals - a $ 1.5 billion fund that would be split among three regions of the state - forces struggling communities to compete
for limited state
money.
Pataki has called
for the
money to be given to a state entity he created to spur
economic development in Niagara Falls, thus leaving the
money under his control, a decision that is opposed by local leaders.
The state's Dormitory Authority, which has provided funding to many of Gov. Andrew Cuomo's
economic development projects, had withheld the
money from SUNY Poly over issues with invoices and other paperwork
for work dating back to February.
The initial project proposed
for Lake Flower won $ 2 million in Empire State
Development grant
monies as part of the North Country Regional
Economic Development Council awards in December of 2013.
Percoco was among a slew of defendants named in an 80 - page complaint unsealed by U.S. Attorney Preet Bharara today, outlining schemes to take favorable state actions
for an energy company that in exchange employed Percoco's wife (when discussing her salary, Percoco and lobbyist Todd Howe colorfully used the codeword «ziti,» a kind of macaroni,
for money — something he lifted from The Sopranos) and to rig bids considered by SUNY Polytechnic University
for funding through Cuomo's
economic development program, the Buffalo Billion.