U.S. Attorney Preet Bharara's office is investigating contracting in
the economic development program as well as former Cuomo aide Joe Percoco, who reported in a financial disclosure form he received payments from two companies linked to state contracts, COR Development and CHA Consulting.
The windfall was carved up in a variety of directions, including a $ 1.5 billion upstate
economic development program as well as funding for the Tappan Zee Bridge replacement project.
James Malatras authored the Start - Up New York
economic development program as a deputy secretary to Gov. Andrew Cuomo.
NYC Mayor Bill de Blasio is (unsurprisingly) siding with state Comptroller Tom DiNapoli after Gov. Andrew Cuomo dismissed the comptroller's audits of
his economic development programs as «opinions.»
Mr. DeFrancisco said that such an assertion was untrue, and that Mr. Cuomo's popularity was «paper thin,» citing the M.T.A. and struggling
economic development programs as possible lines of attack.
A consortium of groups including the CBC, Reinvent Albany and Fiscal Policy Institute called for a master «Database of Deals» that would compile all the state's
economic development programs as well as their costs and benefits.
But state Democratic Party Executive Director Geoff Berman ripped DeFrancisco and his fellow Senate Republicans, who have also criticized Cuomo's
economic development programs as costly and ineffective, as hypocrites.
Mayor Bill de Blasio is (unsurprisingly) siding with State Comptroller Thomas DiNapoli after Gov. Andrew Cuomo dismissed the comptroller's audits of
his economic development programs as «opinions.»
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.
Funded through the Federal
Economic Development Agency for Southern Ontario (FedDev Ontario) and with support from the Canadian Innovation Centre (CIC) and a consortium of other non-profit Regional Innovation Centres, including MaRS, the
program is geared to train
as many
as 450 entrepreneurs over 15 months, and provide
as much
as $ 4 million in seed financing to qualified applicants.
GrowFL was created in 2009 by the Florida Legislature
as an
economic development program focused on assisting second - stage growth companies to prosper in the state of Florida.
Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact of the anticipated decline in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and
economic developments in Venezuela and the impact of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits of its CORE
program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission, use and disclosure of confidential and personal information; BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks
as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to
economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.
The Jefferson County
Economic Development (JCED) staff are available to act
as trusted facilitators providing technical assistance to help expanding businesses navigate the various state and local
programs available to support their projects.
This
program will also serve
as a catalyst for
economic development and job creation within the city of Miami.
But
as cities, counties and states compete for
economic development, spending on such
programs nationwide has climbed into the billions of dollars, even in an era of fiscal austerity.
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.
That summer I realized that the very ways in which «progress» was being made — e.g., dominant
development policies
as well
as economic programs in the industrialized world — were all part of the total network of processes that were destroying the basis of human life on the planet.
In the US, the Obama administration has funded a range of initiatives that require the use of evidence - based strategies in areas such
as teen pregnancy prevention, home visiting, education and workforce innovation.2, 3 In the field of home visiting, an increasing number of
programs have been rigorously evaluated and have demonstrated evidence of effectiveness in outcome domains such
as parenting, maternal and child health, child
development and school readiness, reductions in child maltreatment, and family
economic self - sufficiency.4, 5,6
After that, not a lot happened policy-wise for weeks
as attention turned not to post-budget issues, but to the growing corruption scandal surrounding the governor's key upstate
economic development program, the Buffalo Billion, which has focused on lobbyist Todd Howe and former Cuomo aide and confidant Joe Percoco.
«Even if there weren't investigations or allegations,» said Sen. Liz Krueger, «I would continue to make the argument
as I have forever that there should be more transparency in the
economic development programs overall and the specific deals that are being made.»
The governor's signature
economic development program, the Buffalo Billion, is also under federal investigation,
as is his former top aide, Joe Percoco.
Cuomo's new running mate, former Western New York Congresswoman Kathy Hochul, not only defended the Governor's
economic development program she suggested the investment was
as important to Buffalo
as the Bills, Sabres, and even chicken wings.
Ken Girardin: «START - UP NY lost almost
as many new job commitments
as it added during 2016, signaling the end may be near for the
economic development program that Governor Andrew Cuomo once touted
as «the greatest
economic savior» for upstate New York.»
New York Governor Andrew Cuomo is trying to focus on positive actions in his public events in recent days
as a federal investigation into his administration's
economic development programs continues.
The Buffalo - Niagara Falls region, touted
as a success story by the governor based on his «Buffalo Billion»
economic development programs, did not perform impressively.
The State and Municipalities Facilities
Program is not to be confused with larger, catch - all category of bonded capital for «
economic development» purposes, such
as the Buffalo Billion and other largesse doled out by the Cuomo administration on a region - by - region basis.
The Executive Budget establishes 10 Regional
Economic Development Councils, which will be chaired by Lieutenant Governor Robert Duffy, to create a more regionally - based approach to allocating economic development funding and to act as one - stop shops for all State - supported economic development and business assistance programs in each
Economic Development Councils, which will be chaired by Lieutenant Governor Robert Duffy, to create a more regionally - based approach to allocating economic development funding and to act as one - stop shops for all State - supported economic development and business assistance programs in e
Development Councils, which will be chaired by Lieutenant Governor Robert Duffy, to create a more regionally - based approach to allocating
economic development funding and to act as one - stop shops for all State - supported economic development and business assistance programs in each
economic development funding and to act as one - stop shops for all State - supported economic development and business assistance programs in e
development funding and to act
as one - stop shops for all State - supported
economic development and business assistance programs in each
economic development and business assistance programs in e
development and business assistance
programs in each region.
Testimony at an Assembly hearing Monday grew heated
as Gov. Andrew Cuomo's
economic development chair defended some faltering job creation
programs.
That includes the former head of SUNY Polytechnic, Alain Kaloyeros, who is accused of bid - rigging in connection with Gov. Andrew Cuomo's
economic development program known
as the Buffalo Billion.
Democratic and Republican Assembly members asked Howard Zemsky why the
economic development program known
as Start - Up NY — which offers a 10 - year tax break for new high - tech businesses that locate on college campuses — is seeming to take so long to begin.
Charles Gargano, who
as the state's
economic development commissioner is responsible for running the
program, also declined to be interviewed.
She's also questioned Cuomo's
economic development programs and criticized the newly approved state budget
as another product of Albany's backroom deals.
Gov. Andrew Cuomo is trying to focus on positive actions in his public events in recent days
as a federal investigation into his administration's
economic development programs continues.
The governor's push for reform comes
as the federal probe of his own
economic development programs continues.
Just
as concerning that Cuomo felt the need to campaign for the follow - up to his signature
economic development program was the fact that there didn't appear to be a single state legislator from the region there with him.
Lawmakers grilled Gov. Andrew Cuomo's
economic development chair Wednesday at a budget hearing,
as some of the
programs are embroiled in a corruption scandal that's led to charges against several former associates of the governor.
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).
Zemsky grew testy when he was questioned about an
economic development program in Buffalo known
as 43 North.
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.
It is a charge he has leveled
as legislators seek input into the state's regional council
economic development program, which gets advice from panels of academic and business volunteers in doling out $ 750 million around the state.
He has worked extensively for international organisations for over 20 years — including two fulltime periods
as Counsel (Taxation) in the Legal Department of the International Monetary Fund, Washington DC, USA (1990 - 1991) and
as Head, Central and Eastern Europe and NIS
Program, Fiscal Affairs Division, Organisation for
Economic Co-operation and
Development, Paris, France (1992 - 1995).
As two separate investigations into the Buffalo Billion continue, one from the U.S. Attorney's office and another ordered by the governor, State Comptroller Thomas DiNapoli said his office is also looking into parts of the
economic development program.
Her professional experience includes positions
as director of the Office of Planning and
Economic Development for the city of Bridgeport; deputy dmmissioner of the Westchester County Planning Department; assistant commissioner at the New York State Division of Housing and Community Renewal; director of Community
Development Programs for the city of Stamford; and
as CEO of the Community Foundation for Greater New Haven.
The three executives were arrested and charged last year with bribery
as part of a larger corruption investigation by U.S. Attorney Preet Bharara into Gov. Andrew Cuomo's Buffalo Billion
economic development program.
Cuomo's statement said it included «historic» spending, such
as $ 2.5 billion for water infrastructure projects, $ 100 million in highway funds and $ 150 million in capital spending for
economic development programs.
• The office of Sen. Robert Ortt, a North Tonawanda Republican, said the senator helped secure $ 40 million for Lake Ontario flood relief,
as well
as $ 1 million for a statewide mental health resource
program based in public schools and $ 1.6 million for the Niagara Falls
Economic Development Tourism Target Zone.
Gov. Andrew Cuomo's
economic development programs continue to bring companies and jobs to New York, the state's top
economic development official testified Monday
as lawmakers questioned whether enough is being done to hold firms to their promises and to claw back taxpayer money when they don't.
At the Empire State
Development Corporation, the powerful authority that runs the state's economic development programs, Mr. Cuomo nominated Howard Zemsky as president and chief executi
Development Corporation, the powerful authority that runs the state's
economic development programs, Mr. Cuomo nominated Howard Zemsky as president and chief executi
development programs, Mr. Cuomo nominated Howard Zemsky
as president and chief executive in 2015.
The U.S. Attorney, Preet Bharara,
as well
as the State Attorney General Eric Schneiderman, are investigating Cuomo's
economic development programs over pay to play allegations.
The Leadership Council
as follows: Adrienne Adams (Queens Community Board 12); Rhonda Binda (Jamaica Center BID); Brian Browne (St. John's University); Ricardi Calixte (Queens
Economic Development Corporation); Tonya Cantlo - Cockfield (Jamaica Center for Arts and Learning); Clive Dawkins (Property Owner); Kevin J. Forrestal (Queens Community Board 8); Deepmalya Gosh (The Child Center of New York); Glenn Greenidge (Sutphin Boulevard Business Improvement District); Michael Griffith (New York City Department of Transportation) Tyrel Hankerson (Resident); Ian Harris (Community Board 12); Howard Hecht (Community Member); Cathy Hung (Jamaica Center for Arts ad Learning / Jamaica Performing Arts Center); Derek Irby (165th Street Mall Improvement Association); Bilal Karriem (Queens Community Board 12); Malikka Karteron (Resident); Philippa Karteron (Resident); Michele Keller (Queens Community Board 12); Tameka Pierre - Louis (Civic Leader); Justin Rogers (Greater Jamaica
Development Corporation); Pierina Ana Sanchez (Regional Plan Association); Aaron Schwartz (Commercial Property Owner); Earl Simons (York College); Nakita Vanstory (LaGuardia Community College - Justice Community
Program); Bernard Warren (Jamaica YMCA); Richard Werber (King Manor Museum); Jonathan White (Community Member); Montgomery Wilkinson (Resident); Nadezhda Williams (Community Based Organization) and Tajuana Hamm (Designee for NYS Senator James Sanders, Jr.).