Governor Cuomo last week announced more than $ 750 million up for grabs in the latest competition for
state economic development monies.
The group also won significant
state economic development monies on Dec. 8 with a $ 498,825 grant award from the North Country Regional Economic Development Council to rehabilitate camp infrastructure.
«IBM, despite getting $ 800 million in
state economic development money since 2000, is now laying off hundreds of workers in the Hudson Valley and creating a big hole in the Dutchess County economy.
The $ 12 million in
state economic development money accounted for 75 percent of the project's total cost.
Not exact matches
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 difference is that the
state needs to have the
money in an
economic development fund to provide the rebate to firms.
Today the
State is closing down the state primary schools for the poor, and they are not interested in aiding private agencies to conduct such schools, because they see it as a costly exercise in social welfare which reduces money for investment in hi - tech development aimed at economic gr
State is closing down the
state primary schools for the poor, and they are not interested in aiding private agencies to conduct such schools, because they see it as a costly exercise in social welfare which reduces money for investment in hi - tech development aimed at economic gr
state primary schools for the poor, and they are not interested in aiding private agencies to conduct such schools, because they see it as a costly exercise in social welfare which reduces
money for investment in hi - tech
development aimed at
economic growth.
Slaughter mentioned that she and Congressman Brian Higgins, D - Buffalo, were looking for
money to fund high - speed rail between Buffalo and Rochester to double down on the
state's
economic development investments.
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.
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.
In 2014, the program was expanded to cover «
economic development projects» that would «create or retain jobs in New York
state,» opening the door for the program to dish out borrowed
money to private businesses (such as the Ed Sullivan theater renovation).
State Comptroller Thomas DiNapoli chided policies that award
economic development money without specifying how it gets spent.
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.
State Attorney General Andrew Cuomo's office recently began an investigation into whether Shulman's group, the Flushing Willets Point Corona LDC, illegally lobbied city officials after it came to light the city
Economic Development Corp. funneled
money to the organization.
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.
McMahon said the
money coming from Turning Stone through the
state has to be used for
economic development.
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.
Gov. Andrew Cuomo's
economic development programs continue to bring companies and jobs to New York, the
state's top
economic development official testified Monday as lawmakers questioned whether enough is being done to hold firms to their promises and to claw back taxpayer
money when they don't.
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 million pro
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 million pro
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.
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.
Unlike most other SUNY Poly projects across upstate, the Film Hub did not get its grant
money from Empire
State Development, the state's economic development
State Development, the state's economic devel
Development, the
state's economic development
state's
economic developmentdevelopment arm.
The Finger Lakes Regional
Economic Development Council is competing for that
state money, a taxpayer - infused boost for the winning regions.
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.
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.
In addition,
money coming in from the
state's new casinos should partially be going toward
economic development, he said.
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.
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.
State legislators in downstate New York are looking to divert
money planned for upstate
economic development for their own projects, according to Cuomo.
SYRACUSE, N.Y. — A thousand Syracuse students will go to college each year through an unprecedented move by New York
state to spur
economic development through free tuition using
money from settlements with financial institutions.
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.
The governor's held an annual contest to make regions of the
state compete to win millions of dollars in
economic development monies.
The
state will award $ 500 million
economic development grants to each of the three regions that propose the best ways to invest the
money.
The New York
State Legislature has passed Industrial
Development Agency (IDA) reforms that will increase transparency and accountability for use of public money in private economic developmen
Development Agency (IDA) reforms that will increase transparency and accountability for use of public
money in private
economic developmentdevelopment projects.
We appreciate Mr. Cuomo's urgency to get what he believes would be more
money into the
state treasury, and perhaps spur what he imagines would be some
economic development upstate.
She noted that one of the governor's key
economic development proposals - a $ 1.5 billion fund that would be split among three regions of the
state - forces struggling communities to compete for limited
state money.
Pataki has called for the
money to be given to a
state entity he created to spur
economic development in Niagara Falls, thus leaving the
money under his control, a decision that is opposed by local leaders.
The
state's Dormitory Authority, which has provided funding to many of Gov. Andrew Cuomo's
economic development projects, had withheld the
money from SUNY Poly over issues with invoices and other paperwork for work dating back to February.
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.
The initial project proposed for Lake Flower won $ 2 million in Empire
State Development grant
monies as part of the North Country Regional
Economic Development Council awards in December of 2013.
Percoco was among a slew of defendants named in an 80 - page complaint unsealed by U.S. Attorney Preet Bharara today, outlining schemes to take favorable
state actions for an energy company that in exchange employed Percoco's wife (when discussing her salary, Percoco and lobbyist Todd Howe colorfully used the codeword «ziti,» a kind of macaroni, for
money — something he lifted from The Sopranos) and to rig bids considered by SUNY Polytechnic University for funding through Cuomo's
economic development program, the Buffalo Billion.
Nixon is also touching on a form of «
economic development» that has grown like topsy in recent years, drawing
states into what would be considered, if it were cut - and - sew factories rather than glamorous entertainment productions involved, a competitive race - to - the - bottom to throw
money at less - than - needy studios.
In his budget released last week, Gov. Andrew Cuomo proposed spending $ 30 million of
state money on an
economic development project in Onondaga County.
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 dollars in
economic development monies for their region.