economic development

Kate O'Connell / WXXI

Using a now-familiar travel routine, Governor Andrew Cuomo made his sixth tour of New York's regions to monitor the progress of projects funded through the Regional Economic Development Councils (REDC).

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The success of the burgeoning yogurt industry has helped the Genesee County Economic Development Center (GCEDC) be named the Industrial Development Agency of the year in upstate New York, for their work in developing the Genesee Valley Agri-Business Park in Batavia.

The Rochester Institute of Technology has launched a venture fund to help boost economic development in the region. Businesses with ties to the university will be eligible for funding through the fund.

Ryan Delaney / WRVO

On a chilly, drizzly Tuesday morning in Syracuse, Gov. Andrew Cuomo took a bus tour of development projects his administration has helped to fund. Along for the ride were local economic development officials, State cabinet members and the press.

Watertown Airport recieves federal grant for improvements

Sep 28, 2012

The Watertown International Airport has seen huge growth in the past year, with a switch from nine-seater to 44-seater planes and direct connections to Chicago. Now the airport will be able to catch up on some overdue infrastructure, with a $2 million grant from the federal government.

Regional councils roll out projects for round two

Sep 20, 2012
Empire State Development

The ten regional economic development councils were back at it this week in their efforts to bring home as big a slice of three-quarters of a billion dollar state funding pie as possible. The councils released their progress reports and a new list of projects they think deserve cash in order to spur economic development and job creation in their regions.

Governor Andrew Cuomo says New York’s track record on supporting economic development projects is hit and miss.

Fiber optic company plans expansion in Albany

Aug 3, 2012
Marie Cusick/Innovation Trail

A telecommunications company that builds fiber optic networks throughout the Northeast is expanding its headquarters in Albany, despite offers to relocate out-of-state.

Destiny USA

There's an old promotional video the developer behind the Destiny USA megamall released several years ago. It includes images of glass-enclosed golf courses, huge hotels and helicopter tours of upstate taking off from Syracuse's Inner Harbor.

Despite ending by promising "grand opening, summer 2004," you won't see any of that on the shores of Onondaga Lake today.

All you'll see is an even bigger mall - despite developer Robert Congel winning a 30-year property tax break worth about $600 million as an incentive from the city to build the Disney Land-like attraction.

New York's fiscal watchdog wants lawmakers to give his office more power  over economic development organizations that he says are being misused in some cases, by local governments in New York state. Comptroller Thomas DiNapoli has his eye on Local Development Corporations.

Will Wallenda's wirewalk help Niagara Falls' economy?

Jun 15, 2012
Daniel Robison / Innovation Trail/WBFO

Nik Wallenda will walk across Niagara Falls on a highwire tonight.

The city of Niagara Falls, New York sees Wallenda’s wirewalk as its best change in decades to revive tourism and spark economic development, but measuring Wallenda’s long-term impact may be tough, assuming there is one at all.

The North Country Regional Economic Development Council is preparing for an influx of funding applications this July. Regional councils are part of Governor Andrew Cuomo's plan to distribute economic development aid throughout the state using a community-based, bottom-up approach to building New York's economy. A public forum was held by the council in Watertown last night.

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