David J. Valesky's posts related to Economic Development

Senator Valesky Announces Plan to Jump Start Job Growth in New York

SYRACUSE, N.Y.-- Today, Senator David J. Valesky (D-Oneida) presented an innovative jobs and economic development program to get New Yorkers back to work. The program, ‘New Jobs New York,’ consists of three targeted initiatives that will:

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Statement From Senator David J. Valesky Regarding Dennis Mullen Confirmation

“Dennis Mullen is a tireless advocate for economic development in New York State, and I am pleased to vote in favor of his confirmation today. Dennis understands the unique challenges we face Upstate, and has played an integral role in creating and retaining jobs in Central New York. I look forward to continuing our work together to foster economic development opportunities in the region and across the state.”ABOUT DENNIS M. MULLEN

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Senator Valesky Receives Excellence in Historic Preservation Award from NYS Preservation League

SYRACUSE, N.Y.--State Senator David J. Valesky (D-Oneida) was recognized for his leadership in authoring a game-changing economic development initiative, the Historic Rehabilitation Tax Credit, by the New York State Preservation League.

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Legislature passes crucial amendments to Historic Rehabilitation Tax Credit

ALBANY, N.Y. – The NYS Senate and Assembly unanimously approved legislation (S7556/ A10839) amending the current Historic Preservation Tax Credit law to allow banks and insurance companies to claim the tax credit.

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Senate Passes Valesky Legislation Creating Land Banks to Spur Redevelopment

SYRACUSE, N.Y.— The State Senate passed legislation (S.4281A) sponsored by Senator David J. Valesky (D-Oneida) that will allow municipalities to create land banks in order to fight urban blight and revitalize communities.

“The large number of abandoned and vacant properties has contributed to low property values and poor economic growth in Upstate cities,” said Senator Valesky. “The creation of land banks will foster economic revitalization and improve the quality of life in our cities and neighborhoods.”

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Valesky Legislation Expanding Historic Rehabilitation Tax Credit Signed into Law

SYRACUSE, N.Y. – Legislation sponsored by State Senator David J. Valesky (D-Oneida) that expands the Historic Preservation Tax Credit (S.7556) was signed into law. The expansion allows banks and insurance companies to claim the tax credit, which will have a positive effect on commercial development efforts of historic structures across the state.

“Continued economic development is integral to the growth and expansion of our Upstate communities,” said Senator Valesky. “By allowing banks and insurance companies to utilize the HRTC, we are creating more incentive for companies to invest in larger projects in Upstate New York, which will spur economic growth and development.”

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