Empire State Development

Karen DeWitt / WRVO News

A board controlled by Gov. Andrew Cuomo and the legislative leaders voted Wednesday to approve more than $485 million for the Buffalo Billion project. But there were some questions from board members about details of a program that is now under federal investigation.

Nuclear Regulatory Commission

The New York State Legislature has set aside $30 million in its new budget for communities devastated by closing power plants that result in at least a 20 percent reduction in the local property tax collections. It's intended to help offset the loss in places like Oswego County where the Fitzpatrick Nuclear Power Plant is slated to be shutdown in January.

governorandrewcuomo / Flickr

 

Later this week, Gov. Andrew Cuomo is scheduled to hand out more than $2 billion in economic development funds to regional groups. But a budget watchdog group says there needs to be better measurements to show how many jobs have actually been created and retained.

Karen DeWitt / WRVO News

 

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. Critics have called the competition the “hunger games," because under the rules three regions will win, but four others will lose out on the funds.

Perhaps the most ambitious plan presented by the regions competing for the money may be returning the Olympics to New York.  

Tom Magnarelli / WRVO News

The craft beverage industry is revitalizing the upstate economy with billions in revenue and tens of thousands of jobs. The nonprofit Syracuse First held its New Economy Summit this week to discuss improving the region's service and craft beverage industry.

governorandrewcuomo / via Flickr

The head of New York state’s economic development agency says a recent report questioning its success is flawed.

In his testimony to a state Legislature budget hearing, outgoing Empire State Development Corporation Commissioner Kenneth Adams said the comptroller’s report on his agency is misleading.

Roy Saplin

A nonprofit behind a development on the site of the old Lyons Falls Paper Mill in Lewis County will receive a $1 million grant from the state.

The Lewis County Development Corporation is in the first phase of demolishing the abandoned paper mill. They've slowly removed hazardous materials and obtained building permits. The non-profit plans to build a modern industrial park on the 9-acre site.

Google Maps

Some abandoned prisons in the upstate area could become home to start-up companies under Gov. Andrew Cuomo's Start-Up New York initiative.

The initiative aims to provide major incentives for companies to relocate, develop, or significantly expand in New York by offering state and local tax-free zones on university and college campuses.

WBFO News

Empire State Development approved funding for two upstate food and agriculture related measures in their meeting Friday.

Courtships of Remington Arms may not be too serious

Feb 6, 2013
Ryan Delaney / WRVO

When New York state passed "the toughest gun control laws in the nation" on Jan. 15, concern arose in a small upstate New York town built around a gun manufacturing company.

An IT company will keep its local offices in Syracuse and create more jobs thanks to a state tax break.

The Empire State Development Corporation is giving ShoreGroup $3 million in tax credits over the next 5 years to expand its footprint and job force in Syracuse.