An effort in the past legislative session to reform
how economic development money is spent, disclosed and overseen fell short at the Capitol, but good - government and budget reform groups aren't giving up.
Not exact matches
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.
«We shouldn't be afraid to step back and ask the question: All the
money we put into
economic development, what's working, what's not,
how could it be better?»
DiNapoli's comments come as U.S. Attorney Preet Bharara is looking into
how Gov. Andrew Cuomo doles out
economic development money.
State Comptroller Thomas DiNapoli chided policies that award
economic development money without specifying
how it gets spent.
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.
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.
At the same time, Cuomo said the state could potentially adjust
how it spends
economic development money based on the findings of Bart Schwartz, the former prosecutor hired to review contracting in the program, which is under scrutiny by the U.S. attorney's office.
Investigative Post Editor Jim Heaney interviewed Niagara Falls Mayor Paul Dyster on the impact of the Wallenda Walk, the numerous challenges faced by Niagara Falls, and
how the standoff between state and Seneca Nation officials is costing the city
money that would otherwise be helping to promote
economic development.
Tomorrow: Quinn discusses what's wrong with current
economic development efforts, what he thinks of Gov. Andrew Cuomo's $ 1 billion plan to revitalize the regional economy and
how he would invest the
money.
A spokesperson for the governor's office of
economic development confirmed that its director, Steve Hill, fulfilled Faraday's request to keep certain items confidential, particularly a «detailed schedule» of capital investment at the factory in Nevada — that is,
how it plans to spend
money at the site.
In a previous column I discussed
how money from overseas is having a powerful impact on the availability of funding for new
development here in the U.S., and is extending the nation's
economic recovery.