The Labor Press, By Marc Bussanich, June 14, 2013. New York spends $7 billion annually for economic development, but there’s no way to know how many, if any, jobs were created with that money because the recipients do a poor job in reporting, according to a new report. The Alliance for a Greater New York, a community-based organization focused on job creation, ...
North County Public Radio, By Matt Richmond, June 13, 2013. Gov. Andrew Cuomo released legislation outlining his plan for tax-free zones Monday after spending a week in May touring upstate to build support for the proposal. "I mean no taxes. That's what I mean when I say tax free - no business tax, no corporate tax, no franchise fee, no income tax," ...
The New York Times, By Kia Gregory, June 12, 2013. Mayor Michael R. Bloomberg’s $20 billion program to armor New York City against climate change over the next decade includes extensive details, right down to the size of the concrete bulkheads proposed for the coast of Queens. Yet even though the mayor is being praised for his foresight, the projects themselves face ...
The Brooklyn Daily Eagle, By Mary Frost, June 11, 2013. Mayor Bloomberg on Tuesday unveiled an ambitious $20 billion plan designed to protect the city against future devastating hurricanes and other natural disasters. The plan includes offshore breakwaters, wetlands, floodwalls and tide gates, elevated homes, green infrastructure and new high-level sewers, among other measures. The far-reaching plan has been under development since Hurricane ...
City & State, by Adam Janos, June 13, 2013. In late December New York Medical College announced that it was starting the construction of iBio-NYSM, a biotechnology incubator on the college’s campus in Valhalla, N.Y. When it is completed, the incubator is expected to add 140 full-time jobs and 75 part-time jobs to the emerging biotech sector of the mid-Hudson Valley.
WCNY, By Susan Arbetter, June 7, 2013. Tax Free SUNY zones. Start a business, build a business, open a business on or near a state university campus and the governor is ready to offer the experience tax-free. How does that make established businesses feel, or communities that would do without that revenue? Entrepreneurship or development mirage?
The Poughkeepsie Journal, By Joseph Spector, May 30, 2013. New York spends $7 billion a year in incentives to lure and keep businesses, a report Wednesday found, but the state doesn't adequately oversee how the money is spent. New York has more than 15 major economic development programs, the report from labor-backed groups said, yet many of them aren't closely monitored to ensure that ...
Buffalo Business First, May 29, 2013. New York state’s annual billion-dollar allocation to ignite economic development is under scrutiny by a coalition that includes public policy experts, government watchdogs and labor unions. ALIGN — The Alliance for a Greater New York — released a report Wednesday questioning what it refers to as the state’s “$7 billion gamble” on various programs without knowing whether ...
Rochester Democrat & Chronicle, By Joseph Spector, New York spends $7 billion a year in incentives to entice and keep businesses, a report Wednesday found, but the state doesn’t adequately oversee how that money is spent. New York has more than 15 major economic development programs, the report from labor-backed groups said, yet many of them aren’t closely monitored to ensure ...
YNN.com, By Liz Benjamin, May 29, 2013. As Governor Cuomo pushes his Tax-Free New York proposal. The Alliance for a Greater New York is looking into whether the state really gets its moneys worth from this kind of economic development initiative. The group released a report looking at 15 programs aimed at creating new jobs in NY and generating more revenue for ...