Tag: Economy

More than $700 million in tax breaks and other state resources awarded to developers last month in exchange for promises to create jobs included more than $3 million for a LegoLand theme park in the lower Hudson Valley, $1.5 million for a National Comedy Center in Lucille Ball’s hometown of Jamestown and $4.7 million to build a commercial building next to the Wyandanch rail station. Read More

Conservative groups said the increase in those making $1 million or more a year in New York doesn't tell the full picture. New York had the slowest growth in the country in millionaires between 2011 and 2012, said E.J. McMahon, president of the Empire Center for State Policy. Read More

When CBS announced last summer that Stephen Colbert would stay in New York when he takes over “Late Show,” it wasn’t much of a surprise in Los Angeles, even though Mayor Eric Garcetti had made overtures to lure the show West. In Gotham the production is eligible for $11 million in tax credits and a $5 million grant to offset renovations to the Ed Sullivan theater, where the show is based. Read More

A Rust Belt industrial "boom" spurred by new energy production is the focus of a front-page story in today's New York Times — highlighting, once again, the sort of growth upstate New York is not experiencing while Governor Andrew Cuomo continues to stall the issuance of regulations allowing hydraulic fracturing to produce shale gas. Read More