Tag: Economy

Feb 23

2012

Clearing up the confusion

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The governor wants all the development in the city. Or not. He’s focused on just a couple of big projects. Or maybe more. The answers vary regarding Gov. Andrew Cuomo’s plans for $1 billion in state incentives to rally the local economy, depending on who is doing the talking. And a lot of people are talking. Mayor Byron Brown. State Sen. George Maziarz. Assemblyman Sean Ryan. Among others. Investigative Post interviewed the two local officials who have spoken directly with Cuomo about his intentions and who are among those charged with translating into action his $1 billion pledge of economic[...]

Posted 12 years ago

Feb 22

2012

Cuomo’s $1B economic stimulus for region: Promising vision, questionable assumptions

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Gov. Andrew Cuomo’s proposal to invest $1 billion of state incentives in an effort to revitalize the region’s economy is even bolder than the “B as in billion” suggests. Bold, but potentially flawed. Cuomo is alone among the nation’s 50 governors in targeting that kind of money at a regional economy. “To have a governor willing to spend $1 billion in one metropolitan area is truly exceptional these days, given states’ fiscal conditions,” said Greg LeRoy, a national expert on economic development subsidy programs and executive director of Good Jobs First. Moreover, Cuomo wants to break from current economic development[...]

Posted 12 years ago
Investigative Post

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