The question is posed by a story in today’s Syracuse Post Standard that deserves national attention. Money graf:

The National Institutes of Health, the country’s top research agency, is awarding recovery money to projects proposed long before the recession. With $8 billion extra dollars to spend on research, agency officials went back to the list of projects that had been turned down.

They looked for projects that could be done in two years, with no special emphasis on job creation and no requirement that the scientists buy equipment made in America.

Scientists whose ideas did not make the cut last year are answering surprise telephone calls from government officials, announcing the projects would be funded after all.

It seems rejected research ideas conveniently translated into “shovel-ready” research ideas.

About the Author

E.J. McMahon

Edmund J. McMahon is Empire Center's founder and a senior fellow.

Read more by E.J. McMahon

You may also like

Wind costs could blow up

The long-term cost of subsidies for New York’s new offshore wind turbine projects could exceed $6 billion—or three times the amount acknowledged by Governor Andrew Cuomo’s energy agency. Read More

Cuomo’s upstate hype continues

Governor Cuomo frequently asserts that his policies have ignited an economic turnaround in upstate New York, and he's been known to cherry-pick numbers to back himself up. He was at it again during a swing through the Mohawk Valley earlier this week—and, once again, the statistical cherries were in bloom. Read More

When Albany plays venture capitalist

Governor Andrew Cuomo last week announced a new "Innovation Venture Capital Fund" to invest up to $50 million in public funds into start-up companies. Meanwhile, the state’s existing venture fund, known as Innovate NY, is the subject of a federal audit focused on a firm whose managing director was named by Cuomo to his 2010 gubernatorial transition team and to a regional economic development council. Read More

First thoughts on “Tax-Free NY”

The one promising new wrinkle in the upstate economic development plan unveiled today by Governor Andrew Cuomo is the offer of full (if impermanent) exemptions from state business and personal income taxes, as well as sales taxes, to firms that expand into designated Tax Free Zones at colleges, universities and “strategically located state-owned” properties. Read More

Cuomo’s “tax-free” fever

It’s “big”! It’s “bold”! It “could really make a difference“! It’s Governor Andrew Cuomo’s Tax-Free NY proposal, subject of some of the biggest, boldest gubernatorial rhetoric since … well, since Cuomo’s launch two weeks ago of round three of the state Regional Economic Development Councils, which in turn came on the heels of a resort gaming destination plan in early May, neither of which should be confused with the “new day” proclaimed by the governor at last year’s yogurt summit. Read More

Casinos in context: much ado about … not much

A huge majority of New York City residents believe it’s likely the non-Indian gambling casinos authorized by Proposal One on next week’s ballot will bring in “significant new revenue for New York state and local governments”—including a full one-third who think it’s “very likely” that casinos will be a big money maker, according to a New York Times-Siena poll released today. Read More

Block that acronym!

The (apparently) agreed-upon version of Governor Cuomo’s “Tax Free NY” proposal includes a new name for the thing: “SUNY Tax-free Areas toRevitalize and Transform UPstate New York,” or START-UP NY. Read More

Top state court upholds corporate welfare

New York’s highest court has just ruled—not for the first time—that Article VII, Section 8.1 of the State Constitution does not mean what it seems to say in prohibiting gifts and loans of state money “to or in aid of any private corporation or association, or private undertaking.” Read More