Hugh T. Farley's posts related to Economic Development

Senator Farley and Fellow Senate Republicans Call for New Jobs Initiative

State Senator Hugh T. Farley (R, C, I - Schenectady) and fellow members of the Senate Republican Conference announced on January 26th a major new jobs initiative designed to improve New York's business climate, reduce taxes, and create thousands of new jobs for workers across the State.The plan's centerpiece would reward businesses with a three-year tax credit, averaging between $2,500 and $5,000 for every new job created.

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Sen. Farley Tours New Montgomery County BeechNut Plan

BeechNut President and CEO Jim Schneider (standing in the middle of the photo) gave State Senator Hugh T. Farley (R, C, I - Schenectady) and Assemblyman Amedore (right) a tour of BeechNut Nutrition Corporation's facility at 100 Hero Drive, Amsterdam, in January.

SEN. FARLEY AND FELLOW REPUBLICANS INTRODUCE JOB CREATION BILL

State Senateor Hugh T. Farley (R, C, I - Schenectady) and members of the Senate Republican Conference announced on March 2nd that legislation to create thousands of new jobs and turn around the State's economy has been introduced. The jobs plan provides tax credits to businesses that create new jobs, eliminates the State corporate franchise tax for small businesses, and rolls back the personal income tax surcharge that hit small businesses last year.

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SENATOR FARLEY CALLS ON GOVERNOR PATERSON, STATE LEADERS TO KEEP PROMISE MADE TO RESIDENTS OF CANAJOHARIE

Senator Hugh T. Farley today called on state leaders to keep the promise they made to the residents of Canajoharie, who are facing significant tax increases as a result of the relocation of the Beech-Nut baby food manufacturing facility to the Town of Florida, NY. “When the State announced the approximately $100 million deal to relocate the Beech-Nut manufacturing facility to another site within Montgomery County, I stood beside then-Governor Spitzer as he made a commitment that the residents of Canajoharie would not be harmed in any way,” said Senator Hugh T. Farley.

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Senator Farley Salutes Canajoharie and Richardson Brands

State Senator Hugh T. Farley (R, C, I - Schenectady) took the opportunity to salute Richardson Brands company for staying and growing in Canajoharie on September 15th at the company's "Canajo Rocks" event. More photos can be viewed at: http://www.flickr.com/photos/senator_hugh_t_farley

SENATE PASSES BILL TO REPEAL ANTI-JOB IDA TAX

State Senator Hugh T. Farley (R,C, I - Schenectady) announced on March 9th that he and his colleagues in the New York State Senate passed a bill (S.2682) to repeal a tax on local economic development agencies that hinders job growth and economic investment. The tax, first enacted in 2009, provides a direct obstacle to the ability of Industrial Development Agencies and Authorities (IDAs) to invest in new projects, support local businesses and create jobs.

The measure passed mirrors a proposal included in Governor Cuomo’s Executive Budget to remove this tax and restore IDA funding.

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Senator Farley & Assemblyman Butler Praise Fage Expansion

State Senator Hugh T. Farley (R, C, I - Schenectady) and Assemblyman Marc Butler (R, C, I - Newport) wanted to publicly thank Governor Andrew Cuomo and local officials for working out an agreement to allow Fage USA to grow in Fulton County, and also praised Fage officials for staying in Fulton County and expanding their business ventures.

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SENATE UNVEILS "JOBS-NY" JOB CREATION PLAN

State Senator Hugh T. Farley (R, C, I - Schenectady) and his colleagues in the New York State Senate recently announced the Senatepassed legislation to implement the 2012 NEW JOBS-NY Job Creation Plan. The Senate's comprehensive plan will help create thousands of new private sector jobs by delivering tax relief to small businesses and manufacturers, reducing energy costs, and enacting major fiscal reforms to make New York State more economically competitive.

Senate Republicans first approved a small business tax cut plan as part of its budget resolution in early March. However, the tax cuts were not included in the enacted 2012-13 state budget.

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SEN. FARLEY APPROVES BILLS TO CUT RED TAPE THAT HURTS JOB CREATION

State Senator Hugh T. Farley (R, C, I – Schenectady) and his colleagues in the New York State Senate recently passed 14 regulatory reform bills as the first part of a major initiative, that includes statewide public forums, to identify and eliminate thousands of costly and unnecessary government regulations that inhibit job creation and drive up local property taxes.

The regulatory reform initiative is highlighted by the creation of a Berger Commission-style Task Force. The panel will have extraordinary power to review state rules, regulations, and public authorities and make recommendations for the repeal of ones that are determined to be unnecessary. The Task Force recommendations would be binding unless they are rejected by the Legislature.

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