The Southern Tier has been among the most poorly performing regions of a weak upstate New York economy over the past four years. But you sure wouldn’t know it from listening to Howard Zemsky, the Buffalo developer recently named by Gov. Andrew Cuomo to chair the Empire State Development Corp. Read More
A little-noticed section of Governor Cuomo’s State of the State “Opportunity Agenda” calls for investing another $100 million in state money in startup companies—even as federal auditors probe Innovate NY, the state’s original dalliance with venture capital (VC). Read More
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
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