Gov. Andrew Cuomo’s tax commission has determined that corporate tax breaks totaled $1.8 billion last year. “If you eliminated all the credits, you could cut business taxes enormously for everybody,” one official told the New York Daily News.
Those upset by the prospect of Delaware North Companies receiving public subsidies to move into new office space are 13 years and some $4 million too late. The company has been receiving public assistance since it moved into its present headquarters at Key Center in 2000. Sales and property tax breaks, some of which continue […]
Jim Heaney of Investigative Post, in the first of a two-part series, counts the many ways Delaware North Companies and Uniland Development would reap tax savings from their proposal to build an office building at Delaware Avenue and Chippewa street. The assorted tax breaks add up to $12 million to $15 million and go well […]
Jim Heaney interviews Alain Kaloyeros, who put together the clean energy project announced Thursday, and Howard Zemsky, co-chairman of the Western New York Regional Economic Development Council. Some underreported details emerged from the 20-minute interview, which was conducted Thursday afternoon at WGRZ.
Investigative Post teamed with WGRZ to provide insight into Thursday’s announcement by Gov. Andrew Cuomo that the state is investing $225 million to build and equip facilities that will house two fledging clean energy firms. Dan Telvock provided background on the two companies, both based in California. They have small work forces and are still […]
It was nearly two years ago when Gov. Andrew Cuomo announced his intention to invest $1 billion to revitalize the Buffalo area economy. Not much of that money has been earmarked so far, but that will change Thursday morning when the governor is scheduled to come to town to announce what is shaping up as the […]
The Albany Times Union explains the many nuances involved in Gov. Andrew Cuomo’s push to export the model used to develop a nanotechnolgy sector in Albany to other other upstate cities, including Buffalo. The plan here involves developing clusters focused on energy, technology and medical.
Uniland, which has proposed building a new corporate headquarters for Delaware North, is no longer seeking tax breaks beyond the normal package offered to office projects. The developer appears to have miscalculated whether the project was fully eligible for some of the extra incentives it was seeking. Its original plan sparked an outcry.