Sentences with phrase «economic development spending in»

Amid a push to clean up Albany following a series of scandals that rocked the Senate and Assembly — including the convictions of both legislative leaders last year — as well as ongoing corruption probes into economic development spending in upstate New York, most voters, 56 percent to 27 percent, believe the measures approved in June won't lead to a significant reduction in fraud and corruption.

On the state level, he's reportedly sniffing around Gov. Andrew Cuomo's economic development spending in Buffalo.

The comptroller's office on Wednesday released an audit critical of the Cuomo administration's reporting of economic development spending in the state.

The Governor's Fiscal Year 2018 Executive Budget adds $ 644 million in economic development spending in fiscal year 2018 and $ 1.5 billion in cumulative future tax credits.

The governor also defended the economic development spending in western New York, primarily for SolarCity, a company whose finances have fallen under question.

Earlier in the summer, DiNapoli's office had released reports critical of economic development spending in New York under Cuomo's administration.

The push and pull over the control of the economic development spending comes after the arrests last year of prominent upstate developers, former SUNY Polytechnic President Alain Kaloyeros and an ex-top aide and confidant to the governor, Joe Percoco, in a case stemming from kickbacks and bid rigging related to key economic development spending in New York.

While good - government groups and lawmakers push for more oversight and transparency of economic development spending in New York, legislative leaders in Albany still hope to strike a deal with Governor Andrew Cuomo on the issue.

Senate Majority Leader John Flanagan reiterated his desire to see a balance re-established when it comes to oversight of economic development spending in the state.

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.

While that's nearly double what it was in 2008, it pales in comparison to Calgary Economic Development's $ 7.6 - million budget and the $ 35 million the Edmonton Economic Development Corp. will spend this year.

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.

A local economic - development executive was waiting to pick them up in a limousine at the airport in Reno, where they'd have dinner in a private room with local promoters and spend the night in a deluxe suite at the Peppermill resort and casino.

Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.

Manmeet Kaur, the social entrepreneur who founded City Health Works four years ago, spent several years doing economic development and HIV prevention work in the...

Gilmartin has spent nearly her entire private - sector professional life at Forest City, joining the firm in 1994 after a post-college stint working for New York City's economic development agency.

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.

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.

Even more fraught is the debate over procurement reform in the state Legislature, where lawmakers had sought to restore power to the comptroller's office when it comes to oversight of economic development spending.

At 12:30 p.m., Reclaim New York Initiative hosts a rally and press conference with residents and lawmakers to urge the removal of $ 1 billion in taxes and fees included in the governor's budget, and urge savings and oversight for economic development spending, Million Dollar Staircase, 3rd Floor, state Capitol, Albany.

Procurement reform in particular would have re-authorized Comptroller Tom DiNapoli to oversee spending for major economic development projects that use non-profit entities affiliated with SUNY as a pass through.

The back - and - forth came after DiNapoli issued a pair of reports this week critical of economic development spending and the agreed - upon state budget, questioning the transparency commitment in the Cuomo administration.

The state budget includes no significant new controls or oversight on how the Cuomo administration spends money on economic development projects, and that troubles many lawmakers after federal prosecutors accused eight men of bid - rigging schemes in earlier development projects.

Senate Republicans have indicated they are taking a more aggressive push on economic development oversight and spending in the state.

While the councils have seemingly given the executive branch of government more authority and discretion over economic development spending, Flanagan insisted the appetite for oversight isn't a switch in his approach.

DeFrancisco, an attorney, was first elected to the Senate in 1992 and has emerged as a leading critic of Democratic Gov. Andrew Cuomo's record on taxes, spending and economic development.

Last month, after DiNapoli questioned the effectiveness of state spending and tax breaks for economic development, Cuomo said DiNapoli was «dead wrong» and «he should educate himself in the area.»

State spending for Start - Up NY, which Cuomo launched in January 2014, has been widely criticized — even by Republican presidential candidate Donald Trump — after an internal report found the economic development program designed to «supercharge» the state's economy, had generated only 400 jobs.

Former Chair of CB 12 and a small business owner (he is the proprietor of the X Café at the site of the former Audubon Ballroom, where Malcolm X was assassinated), Ramadan stresses his deep ties to upper Manhattan, where he has spent much of his life since emigrating from Kuwait as a child, and his work in promoting economic development in Upper Manhattan.

Western New York is getting $ 62 million for approved projects in the latest round of state spending from the regional economic development councils.

When the program launched in 2001, New York shot to the top of the national rankings for average spending on economic development, according to research by Timothy Bartik, senior economist at the Upjohn Institute for Employment Research.

Lawyers representing six of the defendants have spent the past several weeks in a new letter - writing campaign to a federal judge seeking dismissal of the bid - rigging corruption charges leveled against individuals involved in several major upstate economic development programs, including the mega-construction project at Tesla's Riverbend site in South Buffalo.

The state through Cuomo has poured millions into western New York economic development and has spent millions to keep the team at its current address in Orchard Park.

«We are spending hundreds of millions of dollars in economic development subsidies, tax payer monies that are being used to subsidize private corporations that were supposed to create jobs,» he said.

Walsh has proposed a $ 20,000 increase in security spending, a $ 47,000 increase in economic development and an $ 85,000 increase in environmental maintenance.

He said in the end, it's the public's money, through tax payments, that is being spent on the economic development projects, and he said they deserve to know the details.

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.

In 2010 The Business Council PAC endorsed now Governor Andrew Cuomo and many candidates who have helped change the conversation in the Capitol from «spend, spend, spend» to fiscal responsibility, economic development and jobs, jobs, jobIn 2010 The Business Council PAC endorsed now Governor Andrew Cuomo and many candidates who have helped change the conversation in the Capitol from «spend, spend, spend» to fiscal responsibility, economic development and jobs, jobs, jobin the Capitol from «spend, spend, spend» to fiscal responsibility, economic development and jobs, jobs, jobs.

«State government just squandered its opportunity to restore public confidence to the procurement process and shed light on billions of dollars in economic development spending.

A Database of Deals was supported by both the Senate and Assembly in their budget resolutions, and the Governor agreed in the budget to create a report by January 2018 detailing the spending for each economic development program.

Nicoletti said the governor answered questions for about 30 minutes, mostly regarding the effort in Congress to repeal the Affordable Care Act and economic development spending Upstate.

While we are a strong advocate for spending constraint, we note with concern that while most major spending categories are subject to limited spending reductions, the Executive Budget proposes a significant contraction in the state's economic development resources.

The good - government group Reinvent Albany on Monday issued a memorandum in opposition to a bill backed by Independent Democratic Conference Leader Jeff Klein that would create a chief procurement officer to oversee economic development spending.

Jury selection in the trial of a former close aide to Gov. Andrew Cuomo starts today in New York City in a case that could show the intersection of money and politics in the public policy of economic development spending.

The proposal largely mirrors what Gov. Andrew Cuomo had initially proposed and continues to back in the closing days of the legislative session, as state lawmakers have pushed legislation that would re-empower the state comptroller's office to review spending related to major economic development projects.

Gov. Andrew Cuomo on Monday at the state Business Council's annual retreat in Bolton Landing gave what has become a sort of greatest - hits speech for his administration: A property tax cap, a self - imposed limit on annual spending increases, economic development spending and a tourism push that has paid out dividends of more people heading upstate.

As the trial gets underway, good - government reformers are urging Albany in a letter to take pre-emptive action on overhauling how the state's economic development money is spent.

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.

ALBANY — State comptroller Tom DiNapoli criticized the state's decision to spend hundreds of millions of dollars on advertising to promote Governor Andrew Cuomo's signature economic development programs, including the fledgling Start - Up NY, in an audit released on Monday.

Included in that spending bill was more than $ 16 billion for economic development, roads, parks and other work.