Issues: Economic Development

Senator Dilan Announces Passage of Inner City Youth Employment Program

Brooklyn—State Senator Martin Malavé Dilan (D-Bushwick) announced the passage of a new Inner City Youth Employment Program and Tax credit initiative for the State of New York.  The new program, created within the legislation adopted during extraordinary session on December 7th,  sets aside $87 million for inner city youth.  The funding is allocated through programs, training funds, and tax credits to deal with the crisis of inner city youth unemployment.

December 13, 2011
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SQUADRON-SILVER BILL TO BRING BENEFIT CORPORATIONS TO NEW YORK BECOMES LAW

Squadron and Silver: New Type of Corporation Will Unlock Billions in Investments for New York, Change the Way New York Does Business

ALBANY – Last night, State Senator Daniel Squadron and Assembly Speaker Sheldon Silver’s bill to bring benefit corporations to New York was signed into law by Governor Cuomo, changing the way New York does business.

Benefit corporations will create a new industry of corporations with a "double bottom line" of profit and socially-responsible practices – unlocking billions in potential investments in companies that pursue a positive material impact on society and the environment.

"Benefit corporations will mean New York is open for business in an important new way. Benefit corporations will unlock billions of dollars in new investments in New York while empowering companies to do well and do good,” said Senator Squadron. “By offering this opportunity to entrepreneurs and investors, New York will bring new businesses into the state, new investors into the market and a new socially-minded approach for our entrepreneurs. I'd like to thank Speaker Silver for championing this bill in the Assembly, and Governor Cuomo for making benefit corporations law and making New York's economy stronger, more innovative, and more diverse."

December 13, 2011
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STATE SENATOR LEE ZELDIN JOINS GOVERNOR CUOMO FOR BILL SIGNING OF LAW REPEALING MTA PAYROLL TAX FOR OVER 700K TAXPAYERS

West Hempstead, N.Y. – State Senator Lee M. Zeldn (R, C, I- Shirley) joined his legislative colleagues and Governor Andrew M. Cuomo today as the Governor signed into law a new measure to eliminate the MTA Payroll Tax for approximately 80 percent of all employers currently paying the tax.

Last week, the Legislature passed a bill repealing the MTA Payroll Tax for 78.2 percent of all employers (over 700,000 taxpayers). In addition, thousands more will see a reduction. In addition to the 290,000 employers who will have their tax eliminated, 414,000 self-employed taxpayers will also see the MTA Tax repealed. All elementary and secondary schools, both public and private, will now also be completely exempt from the payroll tax.

December 12, 2011
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Economic Development & Flood Recovery Money To Help Rejuvenate Schoharie County

COBLESKILL - 12/12/11- State Senator James L. Seward (R/C/I–Oneonta) and Assemblyman Pete Lopez (R/C/I-Schoharie) joined with local officials and area businesses at SUNY Cobleskill today to focus on newly-awarded state funds aimed at rebuilding flood ravaged communities and strengthening job creation in Schoharie County.

In today’s briefing, Senator Seward and Assemblyman Lopez drew attention to over $5 million dollars for growing the county’s economy and to $50 million approved for flood recovery in Schoharie County and in other declared disaster areas across New York State.

December 12, 2011
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MBR Group Opens New Office at Culver Road Armory

On Thursday, December 8th, Senator Robach had the opportunity to speak at, and take part in, the official grand opening ceremony for MRB Group in their new home at the Culver Road Armory. MRB Group Engineering, Architecture & Surveying, P.C., is an engineering and architectural firm which provides services to businesses and municipalities across New York State. For more information on MRB Group, visit their website at http://www.mrbgroup.com/.

December 12, 2011
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Inner City Youth Employment Program

News From New York StateSenator Shirley L. HuntleyFor Immediate Release: December 12, 2011Contact: Antonio Rodriguez | arodrigu@nysenate.gov | (518) 455-3531

*PRESS RELEASE*

Senator Shirley L. Huntley Announces Passage of Inner City Youth Employment Program

Senator Shirley L. Huntley (D-Jamaica) announced the passage of a new Inner City Youth Employment Program and Tax credit initiative for the State of New York. The new bill (S. 50002) establishes an $87 million program in grants, training funds, and tax credits to deal with the crisis of inner city youth unemployment.

December 12, 2011
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SENATOR DEFRANCISCO EXPLAINS MIDDLE CLASS TAX CUT AND JOB CREATION PLAN

On Wednesday, the New York State Legislature passed a middle class tax cut and job creation plan that will provide significant tax relief to hardworking families and business owners throughout the state. By changing the state’s tax bracket, approximately 4.4 million taxpayers will receive $690 million in personal income tax relief. This means more money in the taxpayer’s pocket to help fuel the economy.

December 9, 2011
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LEARN MORE ABOUT THE FUNDED REGIONAL PROJECTS ACROSS THE STATE

Created by Governor Cuomo, the Regional Economic Development Councils represent a fundamental shift in the state's approach to economic development - from a top-down development model to a community-based approach that emphasizes regions' unique assets, harnesses local expertise, and empowers each region to set plans and priorities.

December 9, 2011
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LEARN MORE ABOUT THE REGIONAL PROJECTS ACROSS THE STATE

Created by Governor Cuomo, the Regional Economic Development Councils represent a fundamental shift in the state's approach to economic development - from a top-down development model to a community-based approach that emphasizes regions' unique assests, harnesses local expertise, and empowers each region to set plans and priorities. 

December 9, 2011
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BUFFALO NEWS: WNY wins on state development

Ninety-six projects in Western New York will get state government cash or tax breaks after the region was selected Thursday, along with three other areas, in a new competitive program for economic development.

Officials picked through hundreds of funding applications and approved $100.3 million for the state's five westernmost counties for projects stretching from the Buffalo Niagara Medical Campus, which is getting nearly 10 percent of the money destined for the area, to a high-temperature lab at Alfred University.

December 9, 2011
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Historic Middle Class Tax Cut and Job Creation Plan, Cuts Taxes, Reduces Job Killing MTA Payroll Tax.

 

New York State Senator Kenneth P. LaValle (R, C – Port Jefferson) said that the Senate, today, passed historic tax and job creation legislation  that will spur the economy and provide relief to overburdened taxpayers.

The Middle Class Tax Cut and Job Creation Plan will cut taxes for millions of New Yorkers, create thousands of new private sector jobs and begin to turn our economy around.

Under this plan:

December 9, 2011
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Flood Relief Priority During Special Session

ALBANY, 12/08/11 – State Senator James L. Seward (R/C/I – Oneonta) today announced additional details in regard to flood assistance legislation approved during this week’s special legislative session.

“As communities throughout my senate district and across upstate continue to rebuild from Hurricane Irene and Tropical Storm Lee, I am pleased the recently completed special legislative session produced some significant help,” said Senator Seward.

Storm recovery assistance includes:

December 9, 2011
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SENATOR FUSCHILLO APPLAUDS ANNOUNCEMENT OF OVER $101 MILLION IN STATE FUNDING FOR ECONOMIC DEVELOPMENT ON LONG ISLAND

           “Governor Cuomo’s announcement of over $101 million in state economic development funding represents a major investment in Long Island’s economy which will help promote economic growth, create jobs, and put people back to work. 

December 8, 2011
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Senator Zeldin Congratulates Recipients of New Economic Growth Investments From New York State

Albany, NY- Senator Lee M. Zeldin (R, C, I- Shirley) congratulated the winners announced today from the Long Island Regional Economic Development Council’s proposal.

Related to the Third Senate District, Senator Zeldin was pleased that Governor Cuomo selected the Ronkonkoma Hub, Brentwood’s Heartland Project, Brookhaven National Laboratory, and other projects impacting his district.

“I thank Governor Cuomo and his economic team for making these investments in the Third Senate District. These projects will be a transformational economic spark for our community for job growth and economic stability.”

December 8, 2011
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Griffo Calls North Country Economic Development Efforts Outstanding

Griffo Statement on Award Winning Recognition for North Country Economic Development Council

December 8, 2011
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SENATOR DEFRANCISCO CONGRATULATES THE CENTRAL NEW YORK REGIONAL ECONOMIC DEVELOPMENT COUNCIL FOR SUBMITTING A WINNING PROPOSAL

Senator John A. DeFrancisco (R-I-C, Syracuse) extends his congratulations to co-chairs Rob Simpson, Chancellor Nancy Cantor, and all members of the Central New York Regional Economic Development Council for submitting a winning proposal to the State of New York.

The Central New York council has been awarded $103.7 to invest in 74 projects, which will help to create jobs in Syracuse.“Our community should be proud that Central New York was one of four regional councils selected to receive these competitive funds due to the hard work and the outstanding presentation done by our regional council last month,” said Senator DeFrancisco.

 “I look forward to seeing the impact that these grants have on the future of our community,” concluded Senator DeFrancisco.

December 8, 2011
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SENATOR ALESI ANNOUNCES PASSAGE OF $3.3 BILLION TAX CUT & JOB CREATION PLAN

Comprehensive Plan Cuts Taxes for 4.4 Million New Yorkers; Reduces Taxes on Manufacturers; and Invests in Job Creation

Senator Alesi joined Senate colleagues yesterday to pass the Middle Class Tax Cut and Job Creation Plan that will reduce taxes for millions of hardworking, middle-class taxpayers.  Passed with strong, bipartisan support, the comprehensive agreement will reduce the tax rate for middle class families to their lowest rate in more than 50 years and create thousands of private sector jobs.  The plan will provide a total of more than $3.3 billion in tax relief to individuals and businesses.

December 8, 2011
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