Sentences with phrase «of economic development money»

Not exact matches

While larger sums of money are thrown around in San Francisco, New York, Boston and a handful of other major U.S. cities, Bott and Tammy Riddle, director of the IT cluster at the Cincinnati USA Partnership for Economic Development, say that what sets Cincinnati apart is its unusually supportive ecosystem for new companies.

While definitions of reasonable assumption vary, historically bubbles have occurred when, in an economic sector's development, the last money in is highly unlikely to realize a return that justifies the risk it has taken.

As our conversation wraps up, Polman emphasizes again that his economic development goals will certainly boost Unilever's fortunes too, especially since the company depends on hundreds of millions of people having enough money to buy staple items.

Most of these deals go through a privatized economic development agency called JobsOhio, which doesn't require as much transparency as a public agency about what taxpayers are getting for their money.

The Neighborhood Economic Development Advocacy Project (NEDAP), which brought the suit against Chase on plaintiffs» behalf, says banks shouldn't be willing to let online payday lenders take money out of customer accounts in states where such loans are illegal.

The US and several other countries are investigating allegations of cross-border embezzlement and money laundering at 1MDB, which was set up and previously led by Najib to promote economic development, but which accumulated billions in debt.

Members of Congress will grouse about giving American money for economic development in Egypt when our own economy is on the rocks.

«Tioga Downs» expansion will foster hundreds of new jobs and spur much - needed economic development in the Southern Tier, plus generate millions of dollars for public schools and local governments — with all private money and zero taxpayer dollars,» Commission Executive Director Robert Williams said in a statement.

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.»

Backed by $ 750 million in taxpayer money, the nearly $ 1 billion Solar City factory is the centerpiece Cuomo's Buffalo Billion economic development initiative and meant to be a beacon of hope for an economically depressed city.

http://ghanapoliticsonline.com «Presidents create opportunities for people to make money and he [Mahama] says he is laying the social and economic structures in this country; my [Mahama] first term of office was dedicated to laying down the social and economic infrastructure and that is in tandem with development paradigms everywhere,» he explained.

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.

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.

During the hearing, several lawmakers told Zemsky that they want more oversight of the economic development programs going forward, and will need more details before they approve more money.

It's a good thing CNY won the money before Mayor Stephanie Miner filed a lawsuit to block the city's biggest economic development project, out of frustration with Onondaga County officials.

But the governor called out the region's legislators for wanting to shift control of state economic development funding away from the regional economic development councils that Cuomo created and put the money back in the hands of the Senate and Assembly for them to dole out individually.

Farrell also challenged Cuomo's desire to kill member items for good, noting the governor has plenty of economic development cash to dole out on his own — or, as the assemblyman put it: «The governor has people who walk around with money in their pockets.»

The money itself is budgeted for the RiverBend site, home to the SolarCity project, a key component of the Buffalo Billion economic development program, which is being investigated by the U.S. attorney's office.

«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.

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.

Some of the money is ticketed for utilities like Con Edison to repair infrastructure and fund a planned performing - arts center, economic development and nonprofit groups downtown.

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.

Governor Cuomo is making some changes to prevent any future bid rigging in some of his major economic development projects, but critics on both the left and the right say the governor is failing to address the bigger picture — whether the $ 8.6 billion dollars» worth of programs are an effective use of public monies.

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 approved budget includes $ 50 million in economic development money and tax credits for communities that rely on the prisons as a source of employment and income.

Backed by $ 750 million in taxpayer money, the nearly $ 1 billion factory is the centerpiece of Gov. Andrew M. Cuomo's Buffalo Billion economic development initiative and meant to be a beacon of hope for an economically depressed city.

A senior official of the Economic and Financial Crimes Commission, Mr. Ishaq Salihu, has told a Rivers State High Court sitting in Port Harcourt that a former Director of the Niger Delta Development Commission, Mr. Robert Obuoha, offered him a bribe of N150, 000 and told him to use the money in buying recharge cards.

Now, some lawmakers, like DeFrancisco, are members of the Regional Economic Development Councils, a new process of awarding economic development money created bEconomic Development Councils, a new process of awarding economic development money createDevelopment Councils, a new process of awarding economic development money created beconomic development money createdevelopment money created by Cuomo.

But Cuomo has almost militantly rejected the idea that this money should go to localities instead of being funneled through regional economic development councils that the governor controls.

She said some of the money could come from cutting the estimated $ 8 billion spent each year on economic development programs.

Republican candidate for governor Rob Astorino has been traveling the state criticizing Gov. Andrew Cuomo's attempts to invest money in parts of New York to spur economic development.

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.

Provides $ 300 million in new money for repair of roads, bridges and infrastructure under the transportation component of the NY Works program with $ 100 million of it awarded competitively through the Regional Economic Development Councils.

Republicans want to pull the plug on the program at the end of this year and redirect the $ 44.5 million in ad money included in Cuomo's budget to other economic development programs.

As a result, she said the city's economic development staff will move out by the end of the month money from an office it has shared with its county counterpart since 2011.

In 1979, both the Department of Housing and Urban Development and the Economic Development Administration contributed money to establish the county's Regional Development Corporation Revolving Loan Fund.

City Treasurer Darius Shahinfar stood above in a city hall doorway, shaking his head, later explaining: «The city does not give away money for economic development in the City of Albany.

The new AMPrint Center on Rochester Institute of Technology's Henrietta campus is supported by state funds, including money from the Finger Lakes Regional Economic Development Council.

The governor is funneling the money through the 10 regional economic development councils he appointed around the state, which he says have forged greater regional cooperation and ensured state investments are in sync with the priorities of local machers.

While Cuomo is not accused of wrongdoing and isn't expected to testify, the charges against Percoco have damaged both his image as a reformer and one of his signature policy initiatives, the investment of billions of dollars in public money in to upstate economic development programs.

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.

Gov. Andrew Cuomo, a HUD secretary in the Clinton cabinet, created the 10 regional economic development councils as a way of stimulating job growth by having various regions of the state compete for grant money and tax incentives.

The state's economic development authority is tripling the amount of money it's spending to deal with a federal probe of the Cuomo administration's Buffalo Billion, documents show.

Carl Paladino thinks Cuomo is «moving in the right direction,» but also finds his economic development policies a «total waste of money.»

Howard Zemsky, head of Empire State Development, told legislators at a budget hearing that the governor's $ 15 - an - hour minimum wage proposal would be an economic booster because it would raise people out of poverty who will spend and circulate that money.

Last year, the state's multi-billion windfall was divided up, with money sent to the Tappan Zee Bridge replacement project, an infusion of cash for the competitive economic development project proposals and money to avoid toll hikes on the state Thruway Authority.

Three of seven regions in competition in upstate New York were awarded $ 500 million dollars each in economic development money, in a contest by Governor Cuomo that critics have called the «hunger games».

Mahoney proposed a $ 49.5 million bond to pay for construction of a concert amphitheater on the shore of Onondaga Lake, part of a $ 99.5 million economic development project to be financed with county and state money.

Mr. Adams said his office had received marching orders from Governor Andrew Cuomo to provide $ 785 million in grants by asking regional Economic Development Corporations for advice on the most crucial projects in their areas, instead of having the state dictate where the money would go.

[140] Money from New York State Governor Andrew Cuomo through a program known locally as «Buffalo Billion» has brought new construction, increased economic development, and hundreds of new jobs to the area.