Sentences with phrase «for economic development spending»

As part of the state budget, Long Island and New York City are getting an extra $ 550 million this year for economic development spending, Capital New York reported.

More scrutiny for economic development spending has been pushed without much success over the last several years despite the arrests of prominent developers and a former aide to the governor.

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.

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.

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.»

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.

Instead, spending was targetted at areas considered «critical for productivity,» such as housing, research and development (R&D) and economic infrastructure.

He'd spent decades conducting economic development for the school system, and he noticed a recurring theme from investors.

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.

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.

Cuomo proposed using some of a $ 4 billion surplus, which he acknowledged was a «one - shot» revenue source from numerous financial settlements, on infrastructure spending, education and for helping local governments find ways to share services as part of an overall economic development boost for the upstate region.

Government reform groups hope the bill would provide more transparency of opaque entities that have been used as pass - throughs for major economic development spending.

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.»

Republican Senate Majority Leader John Flanagan on Tuesday called for greater oversight of economic development spending that includes a «top - to - bottom review.»

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.

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.

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.

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.

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.

Congratulations to the team at Investigative Post of Buffalo, Pro Publica, and Columbia Journalism School for publishing the best summation of New York State economic development spending done to date.

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.

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.

Still, a handful of budget bills have gone to print, including amended spending proposals for the public - protection and general government spending, as well as transportation and economic development spending.

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.

Among the spending items spread throughout the pages of the bills is $ 400 million for the second phase of the Buffalo Billion economic development program.

«The Legislature managed economic development funds for Buffalo for 20 years, spent billions and accomplished nothing while Buffalo continued to decline.

Poloncarz's economic plan calls for spending $ 500,000 to $ 1 million for park development with an expected completion date of 2020.

Cuomo's regional economic development councils, which have helped him spend $ 4.6 billion since 2011, are also ripe for change, lawmakers say.

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

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.

Lawmakers OK'd a full year of spending for economic development and various construction projects that the Cuomo administration controls.

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 milliDevelopment, 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 millidevelopment 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.

Costello, running on the Democratic, Working Families and Independence Party, has served on the Town Board for 13 and a half years, eleven of which were spent as the Deputy Supervisor for the town; beforehand, he served on the town's Economic Development Board.

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.

I've been reporting on economic development in this town for more than a decade and the way Andrew Cuomo and Co. plan on spending the first installment of the $ 1 billion they've pledged to revitalize the Buffalo area economy is like nothing I've ever seen.

Since January, «Republicans for Cuomo» — a group chaired by Home Depot co-founder Ken Langone — has held at least three events at which the governor pitched potential G.O.P. supporters, wooing them with talk of spending and tax cuts and economic development incentives.

He cut taxes for millions of middle class families, delivered a property tax cap, controlled state spending and promoted economic development.»

A spokesman for the governor responds that it's a «joke» to think a comptroller's pre-audit of an economic development contract could flag a corrupt arrangement, and says spokesman Rich Azzopardi dismissed DeFrancisco's comments as a personal grudge against Cuomo because, he says, the governor criticized the senator for spending some time in Florida.

Included in that sum is Cuomo's proposal for $ 250 million in spending on clean water programs, $ 1.1 billion in state investments for the Regional Economic Development Council program, and another $ 500 million for a statewide broadband initiative.

For at least the third year in a row, Cuomo successfully beat back attempts by the two houses to increase transparency of state economic development spending.

«Pork never really disappeared,» said E.J. McMahon of the Empire Center for Public Policy, noting that lawmakers — and Gov. Cuomo — use capital projects and economic development initiatives as thinly veiled pork - barrel spending.

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.

As investigations surrounding economic development programs continue to swirl in New York, Republican state lawmakers yesterday made a renewed push for oversight of spending that's meant to create jobs.

This has certainly not been lost on the Department for International Development (DFID), which has escalated its work with UK business and plans to spend # 1.8 billion on economic development in the nextDevelopment (DFID), which has escalated its work with UK business and plans to spend # 1.8 billion on economic development in the nextdevelopment in the next two years.

After state Assembly lawmakers on Wednesday grilled his top economic development chief for more than two hours, Cuomo in Buffalo lashed out at lawmakers who are questioning the millions of dollars in spending.

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