New York state's 10
economic regions received more than $ 700 million in new economic development funding on Thursday.
Not exact matches
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.
The deal she was negotiating, known as the Comprehensive
Economic Trade Agreement (CETA)-- a trade agreement between Canada and 28 EU member nations nearly eight years in the making — was
receiving pushback from Belgian
region of Wallonia, whose Prime Minister, Paul Magnette, felt the accord had the ability to undermine the local farming sector.
Capital also sought details of a September fund - raiser that sources say was held at 677 Prime, an upscale Albany steakhouse, and according to records attended by members of the governor's Capital
Region Economic Development Council, which has a say in what projects in the eight counties surrounding Albany
receive state funding.
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.
The seven
regions that were not winners in the Upstate Revitalization Initiative or were not eligible to compete in it will still
receive funding ranging from $ 83.9 million to $ 100.3 million in 2016 under Cuomo's regional
economic development council program.
The Buffalo
region was not eligible for any of the Hunger Games cash, thanks to its Buffalo Billion, but the area did
receive $ 83.9 million for 125 projects under the latest round of funding from the state's Regional
Economic Development Council program.
Under the initiative, three of seven competing
regions will each
receive $ 500 million in state
economic development aid over five years.
In addition, the
region will
receive funding under the governor's regional
economic development council program.
The three winning
regions Rochester - Finger Lakes, Central New York, and the Southern Tier, each
received $ 500 million dollars each in
economic development money, phased in over a five year period.
The three winning
regions Rochester - Finger Lakes, central New York, and the Southern Tier, each
received $ 500 million each in
economic development money, phased in over a five - year period.
If the
region receives $ 500 million over five years under the initiative, $ 250 million, or half the state aid, would be invested to develop, among other things, an air traffic management system for unmanned aerial vehicles so they can be safely integrated into the nation's commercial airspace, members of the Central New York Regional
Economic Development Council said.
County Executive Joanie Mahoney said Central New York, on the whole, has
received more state money than any other
region, including a half - billion - dollar
economic development grant in 2015.
But it did provide data showing the state
receives less in taxes from Western New York than it spends in the
region in major spending categories like education,
economic development, roads and human services.
Here's how the 10 Regional
Economic Development Councils have fared over the first four cycles (figures in millions of dollars) of Regional
Economic Development Council funding; outside of New York City, the Capital
Region has
received the least support:
Elizabethtown
received $ 500,000 for their proposed wastewater treatment plant and sewer system, a request that topped the North Country Regional
Economic Development Council's list of 27 priority projects in the seven - county
region.
The Saratoga Partnership refunds to applicants the fees it
receives for processing IDA applications — the only
economic development organization in the Capital
Region that does so — as a way of further supporting
economic development and job growth.
The state's coastal
regions have
received multiple federal and state designations signifying their environmental, cultural and
economic importance to the state and nation.