Tagged: upstate New York

Gov. Andrew Cuomo laid out an ambitious agenda around economic growth, innovation and clean energy in his proposed 2013-2014 Executive Budget.

The state budget includes a provision aimed at boosting the film industry in upstate New York. The new tax credit creates a two-tiered system that includes a 10 percent credit for productions using particular upstate locations.

Tuesday’s fiscal cliff package included extensions to a range of business-related tax credits, including one aimed at supporting research and development. Although Rochester, Buffalo and Syracuse have some of the most active R & D economies in the country, experts say the deal could be a double-edged sword for upstate New York.

A consortium of three upstate medical schools is to receive $12.1 million in funding to try to create a treatment for people living with multiple sclerosis.

New York Senator Charles Schumer is pushing a new bill that he says would help bring outsourced jobs back to upstate New York.

The bill would provide a 20 percent tax credit for businesses that bring outsourced jobs back to the US as well as close tax loopholes for companies that ship jobs overseas.

High gas prices, poor home buying, and low job reports sent consumer confidence down in New York last month.