Issues: Economic Development

O'Mara: 'Innovation Hot Spots' for Southern Tier, Finger Lakes promising for regional high-tech growth, job creation

Elmira, N.Y., December 12— State Senator Tom O’Mara (R,C-Big Flats) said today that the state’s support for the creation of a Southern Tier Innovation Hot Spot  and a Rochester-based Finger Lakes Innovation Hot Spot could “carry us a long way in securing a prominent place” in the modern, high-tech economy statewide, nationally and globally.

December 12, 2013
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Lawmakers, College Officials React to Regional Council Awards (Source: Albany Watch)

Nearly $716 million in grants, tax breaks and other incentives were awarded Wednesday as part of the state’s annual Regional Economic Development Council awards, with the Mid-Hudson region raking in about $59 million—the sixth-largest of 10 awards. Afterward, it was all smiles from state lawmakers, education officials and other council members, including Senate Democratic Leader Andrea Stewart-Cousins, D-Yonkers.

December 11, 2013
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$15 Million In Job Creation Grants Headed To 51st Senate District

ALBANY, 12/11/13 – State Senator James L. Seward (R/C/I-Oneonta) today announced that 47 job creation projects in the 51st senate district will receive critically important state funds totaling more than $14.8 million through the third round of Regional Economic Development Council awards. 

December 11, 2013
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RITCHIE APPLAUDS BIG WINS FOR CENTRAL, NORTHERN NY THROUGH REGIONAL ECONOMIC DEVELOPMENT COUNCIL AWARDS

State Senator Patty Ritchie is applauding nearly $150 million in new job-creating Regional Economic Development Council awards across Central and Northern New York.

Today’s announcement represents the third round of job creation awards. The North Country—which includes Jefferson and St. Lawrence Counties and which once again was named a “top performer” in the Governor’s annual economic growth competition—will receive $81.3 million. The Central New York region, including Oswego County, is in line for $66.9 million in economic development investment by the state.

The new awards bring to a three-year total of $542.7 million in funding for the two regions—more than any other part of the state, representing what Albany views as the strong growth potential for the local economy.

“Throughout the past two years, the investments made through the Regional Economic Development Council Program have been a catalyst for new jobs and economic growth throughout Central and Northern New York, and today’s announcement proves that there’s even more potential and enthusiasm for the future,” said Senator Ritchie.

December 11, 2013
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Sen. Krueger Introduces Bill to Regulate and Tax Marijuana in New York State

Joined by a broad spectrum of drug law reform advocates and fellow elected officials, State Senator Liz Krueger (D-Manhattan) announced that she will be introducing the Marijuana Regulation and Taxation Act (MRTA) today. The legislation would legalize, regulate, and tax marijuana under state law along lines similar to the state’s current system regulating alcohol, and would represent a new approach for New York State after decades of costly, counterproductive policies that have produced racially discriminatory outcomes.

“Prohibition of marijuana is a policy that just hasn’t worked, no matter how you look at it, and it’s time to have an honest conversation about what we should do next,” said Sen. Krueger. “The illegal marijuana economy is alive and well, and our unjust laws are branding nonviolent New Yorkers, especially young adults, as criminals, creating a vicious cycle that ruins lives and needlessly wastes taxpayer dollars. Worst of all, this system has resulted in a civil rights disaster: African Americans are dramatically more likely to be arrested for pot possession than whites, despite similar rates of marijuana use among both groups.”

December 11, 2013
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O'Mara welcomes new round of state support for regional economic development

Albany, N.Y., December 11—State Senator Tom O’Mara (R-C, Big Flats) welcomed today’s announcement that the Southern Tier region will be awarded $81.9 million and the Finger Lakes region $59.8 million under the third round of funding through the state’s Regional Economic Development Councils initiative.

O'Mara noted that the Southern Tier was recognized as a “Top Performer” in this year’s competition.  

December 11, 2013
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Statement from Senator Joseph A. Griffo regarding Economic Development Council funding

“I’m tremendously pleased by today’s announcement that New York is committing $163.7 million to important economic projects in the regions I represent. We truly have the best collaborators and leaders in economic development right here.

The Council remains impressed with the North Country, whose projects earned ‘top performer’ status for the third time in a row. These ‘firecracker’ projects, as the regional leaders call them, will enhance Northern New York’s status as a premier tourism destination and make the area more attractive to forward-thinking businesses, especially those in the biotechnology field.

December 11, 2013
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SENATOR JOHN DEFRANCISCO ANNOUNCES 2013 REGIONAL ECONOMIC DEVELOPMENT COUNCIL AWARDS

State Senator John A. DeFrancisco, Chairman of the Senate Finance Committee, announced today (12/11/13) that $66.9 million has been awarded through Round Three of the Regional Economic Development Council Awards to help create and retain jobs in Central New York. For the second consecutive year, Senator DeFrancisco joined Governor Andrew Cuomo and Assembly Speaker Sheldon Silver for the REDC awards ceremony in Albany.

December 11, 2013
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Seward: Governor’s New York State Tax Relief Commission Report Is Step In Right Direction

ONEONTA, 12/10/13 - State Senator James L. Seward (R/C/I – Oneonta) today commented on recommendations offered by the governor’s tax relief commission:

“Broad-based tax relief measures, that will make New York more economically competitive and ease the tax burden on hardworking individuals and families, are at the top of my priority list for 2014.

December 10, 2013
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STATEMENT FROM NYS SENATE CO-LEADER DEAN G. SKELOS

We are pleased that the Governor’s New York State Tax Relief Commission report incorporates key elements of a Senate Republican tax reform plan advanced by Senators DeFrancisco and Marcellino that focuses on cutting taxes to create new jobs, reforming our tax structure and giving hardworking taxpayers some much-needed relief.

It is encouraging that today’s report includes proposals to address issues related to achieving broad-based tax reductions for job creators, including reducing corporate tax rates, reducing taxes on manufacturers and accelerating the elimination of the 18-a energy surcharge, while also reducing the estate tax burden.

December 10, 2013
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Seward Summit Helps Rewrite Otsego County Economic Development Leadership Plan

ONEONTA, 12/05/13 – State Senator James L. Seward (R/C/I-Oneonta) today announced conceptual agreement on a blueprint for Otsego County’s economic development leadership with the county IDA set to oversee the renewed effort. 

“After hosting last month’s economic development summit, I have been meeting with key elected officials and business leaders to capitalize on what we learned and take the next step,” said Senator Seward.  “Now, a definite course is established and we are prepared to embark on a new path toward future economic growth and prosperity in Otsego County.” 

December 5, 2013
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Senator Valesky Visits Welch Allyn

Senator Valesky visited Welch Allyn on December 4, one of the region's largest employers and a worldwide leader in the manufacture of medical equipment.

December 5, 2013
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Senator Kennedy Praises ‘Buffalo Billion’ Investment to Jumpstart Clean Technology Industry in WNY

After unveiling of Buffalo High-Tech Manufacturing Innovation Hub @ RiverBend, Kennedy applauds Governor Cuomo’s intelligent public investment that is spurring private investment and creating hundreds of new jobs.

November 21, 2013
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Governor Cuomo Announces Ford Motor Company To Invest $150 Million In Its Hamburg Stamping Plant

Governor Andrew M. Cuomo today announced that Ford Motor Company will invest $150 million to make significant upgrades to its Hamburg facility, just outside Buffalo.

November 21, 2013
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Senator Kennedy Celebrates National Grid Investment, Breaks Ground on Ohio Street Reconstruction

National Grid to invest $4.2 million to upgrade infrastructure, which will help attract mixed-use development; total investment in Ohio Street corridor now exceeds $15 million.

Ground also broken on City of Buffalo’s streetscape project.

Kennedy: Buffalo’s Old First Ward has a long, storied history, and with the reconstruction of Ohio Street, I believe this neighborhood’s future is just as promising. 

November 20, 2013
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Griffo announces $8.5 million for Rome

Empire State Development grant will extend water, sewer to residents, businesses

ROME – Sen. Joseph A. Griffo today announced that the state is providing $8.5 million to the City of Rome for a major water-sewer improvement project.

The funds, which come from Empire State Development’s Economic Transformation Program, are for a two-phase project in the north, west and south corridors of Rome.

November 20, 2013
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