Issues: Economic Development

Fort Drum 2008 Regional Economic Impact Statement

The local economic impact of the U.S. Army's base at Fort Drum in the 48th Senate District has grown significantly since the the former Camp Drum was expanded more than 20 years ago.

Fort Drum is a prominent fiber in the fabric of the Northern New York community. The installation provides employment for more than 4,000 area residents and millions of dollars in

File: 
FY08 EIB FINAL.pdf

June 1, 2009
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EMPIRE ZONE - State senator criticizes plan to strip tax breaks

05/30/09 06:52 AM
Buffalo News

OLEAN—State Sen. Catharine Young, R-Olean, warned Friday that about 80 area businesses would be among more than 2,000 companies across the state to lose Empire Zone incentives under a plan being implemented by the Empire State Development Corporation.

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May 30, 2009
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Atlantic Yards Public Hearing: Both Riveting and Revealing

(New York, NY)-In a packed Higgins Hall at the Pratt Institute in Brooklyn, with a standing room only crowd,  State Senator Bill Perkins, Chair of the Committee on Corporations, Authorities and Commissions held the first ever Senate hearing on the Atlantic Yards project.

May 29, 2009
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Senator Valesky talks about the Historic Rehabilitation Tax Credit

The New York State Senate passed landmark economic development legislation sponsored by Senator David J. Valesky which would stimulate the Upstate economy and revitalize its communities through rehabilitation of historic properties.

The bill, S2960, would provide tax credits for redevelopment of qualified residential and commercial properties with the intention of creating an economic stimulus in distressed communities.

May 28, 2009
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Historic Rehabilitation Tax Credit Passes Senate

Legislation will help redevelopment efforts of distressed communities

Today the New York State Senate passed legislation strengthening a 2006 community redevelopment program.

The Historic Rehabilitation Tax Credit (HRTC), S2960-B, sponsored by Senator Valesky, augments the existing state program to bring New York State in line with 30 other states with successful programs. The changes will allow the state to target reinvestment to distressed communities, as determined by the U.S. Census.

May 27, 2009
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Aubertine: Power for Jobs should be extended at least a year for certainty, continuity

Governor, Senate, Assembly Leadership Discuss Energy

ALBANY (May 27, 2009)—As Chair of the Senate Standing Committee on Energy and Telecommunications, State Sen. Darrel J. Aubertine joined the state leader’s meeting today to discuss energy policy, including an extender for the state’s Power for Jobs program.

May 27, 2009
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Historic Rehabilitation Tax Credit is Critical Component of Upstate Revitalization

It is not hard to describe the economic trend for Upstate New York over the last few decades.  We have all watched as our main streets emptied out, our factories left town and our children moved away.   These losses only increased the strains on our communities, pushing property taxes up on the businesses and families who have stayed.  

May 27, 2009
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Landmark Economic Development Legislation Sponsored By Senator Valesky Passes State Senate; Historic Rehabilitation Tax Credit is unprecedented redevelopment incentive for Upstate New York

SYRACUSE, N.Y.—The New York State Senate today passed landmark economic development legislation sponsored by Senator David J. Valesky (D-Oneida) which would stimulate the Upstate economy and revitalize its communities through rehabilitation of historic properties.

May 27, 2009
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New York Senate Passes Trapping Legislation Sponsored by Senator David J. Valesky

SYRACUSE, N.Y.-- The New York State Senate passed legislation on May 19, sponsored by State Senator David J. Valesky (D-Oneida), which gives the Department of Environmental Conservation (DEC) the flexibility to identify traps with either the trapper’s name and address or assigned identification number.

May 21, 2009
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Historic Rehabilitation Tax Credit, Sponsored By Senator Valesky, Passes Finance Committee; Program will bring unprecedented redevelopment to distressed areas

ALBANY, N.Y.--The New York State Senate Finance Committee today passed the Historic Rehabilitation Tax Credit (HRTC) (S2960-A), sponsored by State Senator David J. Valesky (D-Oneida), sending this important economic stimulus and community revitalization legislation to the full Senate.

May 21, 2009
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New York Senate Passes Legislation, Sponsored by Senator David J. Valesky, that Requires Greater Transparency for Public Authority

 SYRACUSE, N.Y.-- The New York State Senate passed legislation on April 21, sponsored by State Senator David J. Valesky (D-Oneida), which would require the Canal Corporation to better inform the public about parcels it puts up for sale.

May 21, 2009
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Upstate Democratic Senators Call For Immediate Release of $120 Million for Upstate Economic Development, $40 Million for Upstate Agribusiness and $30 Million in City by City Funds

SYRACUSE, N.Y. – Senator David J. Valesky (D-Oneida) called on Governor Paterson to immediately release $120 million to spur development in upstate New York. A letter, co-authored by Senate Majority Leader Malcolm Smith and the Upstate Democratic Caucus, was sent to Governor Paterson urging the immediate release of the $120 million for Upstate New York.

May 21, 2009
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State OKs low-cost power for Yahoo! facility

By Jonathan D. Epstein
NEWS BUSINESS REPORTER

 

Gov. David A. Paterson announced Tuesday that Yahoo! would bring a new data center and more than 100 jobs to Western New York, but the Internet company said it is still considering other states.

May 20, 2009
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PRESS ADVISORY Thurs., May 21 'How-To' Federal Stimulus Fund Expo for Bronx, Small, Minority and Women-Owned Businesses

from…State Sen. Pedro Espada, Jr. (D-Bronx)Vice President, Senate Office of Urban Planning & Policy DevelopmentPress Contact:Steve Mangione718-518-1600 (office)914-403-4072 (mobile)

May 19, 2009
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Rural Resources Commission Introduces Legislative Agenda

ALBANY (May 12, 2009)—The bipartisan Legislative Commission on Rural Resources has introduced its legislation for the 2009 session, with 12 bills sponsored in the Senate and Assembly intended to benefit the State’s rural communities.

May 12, 2009
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May 12, 2009
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SENATE ANNOUNCES ECONOMIC DEVELOPMENT TASK FORCE, PARTNERS WITH BUSINESS TO INITIATE NEW PROGRAM TO CREATE JOBS

(Albany, NY)- Today, the New York State Senate announced a proposal to establish an economic development task force made up of 29 business and community leaders from across the state charged with developing a new incentive-based program that will better attract companies to New York State and encourage businesses to generate jobs. The current Empire Zones Program is set to expire in June 2010. The proposed task force would make a draft recommendation on a replacement program by December 2009. 

May 11, 2009
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May 11, 2009
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