De Blasio is under investigation for a variety of political fundraising efforts (the Cuomo administration, too, faces an investigation
over economic development programs upstate).
During a recent visit to Buffalo, Governor Cuomo sparred with reporters
over his economic development programs and their lackluster performance in creating jobs.
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.
Nonetheless,
over the past decade or so, New York has made strategic — and gigantic — investments and implemented enticing
economic development programs, including tax subsidies, grants, loans and other attractive lures.
According to recent statistics from the International Business Innovation Association (InBIA), there are about 7,000 business incubators and accelerators worldwide, with
over 90 percent being non-profit and focused on incubator
programs for community
economic development.
Funded through the Federal
Economic Development Agency for Southern Ontario (FedDev Ontario) and with support from the Canadian Innovation Centre (CIC) and a consortium of other non-profit Regional Innovation Centres, including MaRS, the
program is geared to train as many as 450 entrepreneurs
over 15 months, and provide as much as $ 4 million in seed financing to qualified applicants.
At the same time, Duffy could help shore up support for Cuomo in Rochester, a city that has felt miffed
over the attention given to its neighbor to the west through the «Buffalo Billion»
economic development program.
The scandal
over Gov. Andrew Cuomo's
economic development programs has led to more scrutiny of whether the projects are the best way to improve the state's economy, and some watchdog groups are asking questions.
It's been
over a month since Gov. Andrew Cuomo hired a special investigator in response to a federal probe of his Buffalo Billion project and other
economic development programs.
A routine oversight hearing by the state Assembly turned testy when the state's
economic development czar endured
over two hours of questions about Gov. Andrew Cuomo's
economic development programs, which are currently under federal investigation.
A routine oversight hearing by the state Assembly turned testy when Howard Zemsky, Governor Andrew Cuomo's
economic development czar, endured
over two hours of questions about Cuomo's
economic development programs, which are currently under federal investigation.
But he defends the governor's
economic development programs and said the «vast majority» of the
programs will be completed, though he admits there's a cloud hanging
over it all.
New York taxpayers have little appetite for another
economic development program that favors one industry
over another or sends government checks to businesses that don't really do what they promised.
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.
He has worked extensively for international organisations for
over 20 years — including two fulltime periods as Counsel (Taxation) in the Legal Department of the International Monetary Fund, Washington DC, USA (1990 - 1991) and as Head, Central and Eastern Europe and NIS
Program, Fiscal Affairs Division, Organisation for
Economic Co-operation and
Development, Paris, France (1992 - 1995).
The state's
economic development programs have expanded
over the last four years in both scope and cost, a report from the Citizens Budget Commission released on Thursday found.
Other sustainability and
development programs that have been initiated or reformed over the last six years under Governor Cuomo include: · Cleaner, Greener Regional Sustainability Plans · Regional Economic Development Councils · Land Bank Act to convert vacant properties · Legislation to combat zombie properties · Complete Streets design initiative · Upstate Revitalization Initiative · Hudson Valley Farmland Preservation and Southern Tier Agricultural Industry Enhancement Programs · Clean Energy Communities · Brownfield Redevelopment Reform · Historic Preservation Tax Credit · Climate Smart Communities Grants · Community Risk and Resiliency Act Elaine Kamarck, Founding Director of the Center for Effective Public Management at the Brookings Institution and Author of Why Presidents Fail and How They Can Succeed Again said, «Whenever I get a chance to come home I'm always impressed at the rapid progress being made here in the Fi
development programs that have been initiated or reformed over the last six years under Governor Cuomo include: · Cleaner, Greener Regional Sustainability Plans · Regional Economic Development Councils · Land Bank Act to convert vacant properties · Legislation to combat zombie properties · Complete Streets design initiative · Upstate Revitalization Initiative · Hudson Valley Farmland Preservation and Southern Tier Agricultural Industry Enhancement Programs · Clean Energy Communities · Brownfield Redevelopment Reform · Historic Preservation Tax Credit · Climate Smart Communities Grants · Community Risk and Resiliency Act Elaine Kamarck, Founding Director of the Center for Effective Public Management at the Brookings Institution and Author of Why Presidents Fail and How They Can Succeed Again said, «Whenever I get a chance to come home I'm always impressed at the rapid progress being made here in the Finge
programs that have been initiated or reformed
over the last six years under Governor Cuomo include: · Cleaner, Greener Regional Sustainability Plans · Regional
Economic Development Councils · Land Bank Act to convert vacant properties · Legislation to combat zombie properties · Complete Streets design initiative · Upstate Revitalization Initiative · Hudson Valley Farmland Preservation and Southern Tier Agricultural Industry Enhancement Programs · Clean Energy Communities · Brownfield Redevelopment Reform · Historic Preservation Tax Credit · Climate Smart Communities Grants · Community Risk and Resiliency Act Elaine Kamarck, Founding Director of the Center for Effective Public Management at the Brookings Institution and Author of Why Presidents Fail and How They Can Succeed Again said, «Whenever I get a chance to come home I'm always impressed at the rapid progress being made here in the Fi
Development Councils · Land Bank Act to convert vacant properties · Legislation to combat zombie properties · Complete Streets design initiative · Upstate Revitalization Initiative · Hudson Valley Farmland Preservation and Southern Tier Agricultural Industry Enhancement
Programs · Clean Energy Communities · Brownfield Redevelopment Reform · Historic Preservation Tax Credit · Climate Smart Communities Grants · Community Risk and Resiliency Act Elaine Kamarck, Founding Director of the Center for Effective Public Management at the Brookings Institution and Author of Why Presidents Fail and How They Can Succeed Again said, «Whenever I get a chance to come home I'm always impressed at the rapid progress being made here in the Finge
Programs · Clean Energy Communities · Brownfield Redevelopment Reform · Historic Preservation Tax Credit · Climate Smart Communities Grants · Community Risk and Resiliency Act Elaine Kamarck, Founding Director of the Center for Effective Public Management at the Brookings Institution and Author of Why Presidents Fail and How They Can Succeed Again said, «Whenever I get a chance to come home I'm always impressed at the rapid progress being made here in the Finger Lakes.
The U.S. Attorney, Preet Bharara, as well as the State Attorney General Eric Schneiderman, are investigating Cuomo's
economic development programs over pay to play allegations.
The gaffe comes as Gov. Andrew Cuomo's
economic development programs face questions
over their effectiveness.
The governor lauded the
program for $ 7 billion in
economic development over the past - decade, the largest infusion of investment since the Erie Canal.
However, high unemployment, inadequate infrastructure, and limited supportive
programs have contributed to
economic stagnation in the neighborhood
over the last decade, precluding Jamaica from realizing the potential of previous City investments in the area — including the
development of the Jamaica AirTrain terminal in 2003 and a 2007 rezoning of 368 blocks in the area aimed at providing a dynamic mix of residential, business, and community opportunities in the heart of the downtown.
Meanwhile, investigations at the state and city level continue to swirl, including
over the governor's signature
economic development program, the Buffalo Billion.
Over the last month, Cuomo has claimed his START - UP NY
economic development program didn't cost any money, when it clearly did.
New York projects it will double the amount of tax breaks offered under the Start - Up NY
program, budget documents show, even as state lawmakers grilled a top
economic development official
over making the
program more transparent.
E.J. McMahon of the Empire Center, a government watchdog, said US Attorney Preet Bharara's investigation into the Buffalo Billion has «cast a pall
over the state's
economic development programs.»
Howard Zemsky, the chief executive of Empire State
Development, the state's economic development agency, argued that while Mr. Bharara's inquiry may have cast a temporary shadow over the Buffalo Billion, the program's long - term legacy would b
Development, the state's
economic development agency, argued that while Mr. Bharara's inquiry may have cast a temporary shadow over the Buffalo Billion, the program's long - term legacy would b
development agency, argued that while Mr. Bharara's inquiry may have cast a temporary shadow
over the Buffalo Billion, the
program's long - term legacy would be positive.
IRS documents show that Bray's compensation grew substantially
over the years, peaking at $ 591,451 in 2008, including a $ 418,726 bonus from Crossroads Incubator Corp., another private arm of the county's
economic development program.
The Buffalo News defends ESDC Chair Howard Zemsky and says the bipartisan legislative grilling he received last week in Albany
over the Cuomo administration's
economic development programs was «more than a little bizarre.»
Tom DiNapoli: «Now that the economy has certainly been in a recovery mode, it's certainly not as strong as we'd like it to be in many parts of the state, I think now is a good time for us to look not only at this
program, but at the various
economic development dollars that we've spent
over the past few years to see what kind of return we've been getting on those taxpayer dollar investments.
In April, the Department of
Economic Development released a report indicating companies last year created just 76 of the nearly 2,100 new jobs promised
over five years in return for tax breaks under the
program.
A routine oversight hearing by the state Assembly turned testy when Governor Cuomo's
Economic Development Czar, Howard Zemsky, endured over two hours of questions about Governor Cuomo's economic development programs, which are currently under federal invest
Economic Development Czar, Howard Zemsky, endured over two hours of questions about Governor Cuomo's economic development programs, which are currently under federal inv
Development Czar, Howard Zemsky, endured
over two hours of questions about Governor Cuomo's
economic development programs, which are currently under federal invest
economic development programs, which are currently under federal inv
development programs, which are currently under federal investigation.
Upstate should have a better
economic development program than what has been provided by the GOP
over the years........
In November 2016, two months after the charges were outlined, Cuomo expressed dismay
over the scandals that were threatening to undercut his signature
economic development programs and vowed to quickly strengthen oversight and ethics, though all under his purview.
Zemsky answered questions for
over two hours from Democratic and Republican Assembly members, who wanted to know why the
economic development program known as Start UP, which offers a ten - year tax break for new high tech businesses who locate on college campuses, is seeming to take so long to begin.
In January, lawmakers in both houses said Cuomo would face new scrutiny
over his
economic -
development programs.
Evaluating data from the 40 - year follow - up to the High / Scope Perry Preschool
Program Study, Belfield and his colleagues show how preschool participation by low income children relates to significant
economic benefits both to the children by the time they are in their 40s and to society more generally (Belfield et al. 2006).1 Summarizing
over 160 studies conducted from 1960 through 2000, Camilli et al. found that preschool had a range of shorter and longer term positive relationships to cognitive gains, progression through school, and social - emotional
development (Camilli et al. 2010).
By contrast, despite spending
over $ 2 trillion in 5 decades, aid
programs have much less to show in terms of poverty reduction — or its ancillary benefits, e.g., reductions in hunger, disease, better health care and education, and greater adaptive capacity to deal with climate change and natural disasters — than does fossil fuel - powered
economic development.
Of the $ 11 million in question, a little
over $ 1 million is from the Community
Development Block Grant, a HUD
program intended to create
economic opportunity («jobs», in English) and improve living conditions for moderate or low - income populations.