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Cost of Economic Incentives in New York Placed at $9.9 Billion

Spending on economic-development incentives in New York state increased 17% over two years, according to a report released Monday by an independent watchdog, which comes amid the dispute over giving Amazon tax breaks to place a site in Queens......»»

Category: smallbizSource: wsjFeb 12th, 2019

Cuomo, New York leaders plead with Amazon to reconsider

Amazon cancelled its project and its 25,000 jobs weeks ago amidst an uproar over the company’s potential effect on the city and the $3 billion in incentives promised by the state and the city. There's no sign the company is reconsidering......»»

Category: topSource: washpostMar 1st, 2019

Exxon"s upcoming refinery expansion expected to cost $1.5 billion

The project won at least $79 million in tax incentives, though that number could be as high as $141 million if it secured all incentives for which it applied......»»

Category: topSource: bizjournalsFeb 27th, 2019

Feeling unwelcome, Amazon ditches plans for New York hub

Amazon.com Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians......»»

Category: topSource: reutersFeb 14th, 2019

As Amazon drops New York City project, progressives claim a major coup

U.S. Representative Alexandria Ocasio-Cortez wasted no time on Thursday in calling Amazon's decision to scrap plans to build a major New York outpost with nearly $3 billion in city and state incentives a big victory for progressive politicians......»»

Category: topSource: reutersFeb 14th, 2019

Amazon pulls the plug on New York headquarters

Amazon.com Inc abruptly scrapped plans for a new headquarters in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians......»»

Category: topSource: reutersFeb 14th, 2019

This is how much Texas is ponying up for Apple"s $1 billion campus in Austin

Texas has once again opened the checkbook to win an economic development prize from California, this time with local leaders approving incentives for the large campus that Cupertino iPhone giant Apple plans to build in North Austin......»»

Category: topSource: bizjournalsDec 18th, 2018

You"ll never guess how much Texas is ponying up for Apple"s $1 billion campus in Austin

Texas once again opened the checkbook to win an economic development prize from California. In the latest foray from the Lone Star State, Williamson County leaders have approved incentives for the large campus that Apple Inc. (NASDAQ: AAPL) plans .....»»

Category: topSource: bizjournalsDec 18th, 2018

Former Cuomo economic guru sentenced to prison

The former head of the State University of New York's Polytechnic Institute has been sentenced to 3½ years in prison for his role in corrupting the state's Buffalo Billion project. Alain... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkDec 12th, 2018

Ex-head of New York"s Polytechnic Institute faces sentencing

The ex-president of the State University of New York's Polytechnic Institute is facing sentencing in the corruption of Gov. Andrew Cuomo's "Buffalo Billion" economic redevelopment program......»»

Category: topSource: foxnewsDec 11th, 2018

Extreme Heat Cost Humans 153 Billion Lost Work Hours in 2017

The U.S. also suffered $326 billion in economic losses due to the wild weather. Climate change is a global health crisis. In addition to changing the ecology of the planet and impacting wildlife, climate change and associated.....»»

Category: europeSource: fortuneNov 29th, 2018

NYC"s new One World Trade Center dominates the skyline with its sleek exterior — but I took a tour of the inside and it didn"t look like the bland, traditional office building I was expecting at all

Katie Warren/Business Insider New York City's new One World Trade Center cost $4 billion and took eight years to build.  I took a tour to see what the inside looks like four years after the first tenants moved in. In addition to 78 floors .....»»

Category: topSource: businessinsiderNov 28th, 2018

The List: Economic developers grapple with incentives requests, Arizona"s education reputation while wooing companies

Attracting companies to Arizona takes more than just good weather and lower cost of living. In a competitive landscape, economic development executives deal with many types of questions from businesses considering a relocation......»»

Category: topSource: bizjournalsNov 24th, 2018

Incentives to Amazon could top $2.8 billion in NYC

The total value of the incentive package New York is using to lure Amazon could top $2.8 billion......»»

Category: topSource: moneycentralNov 14th, 2018

Incentives to Amazon could top $2.8 billion in NYC

The total value of the incentive package New York is using to lure Amazon could top $2.8 billion......»»

Category: topSource: moneycentralNov 14th, 2018

Incentives to Amazon could top $2.8 billion in NYC

The total value of the incentive package New York is using to lure Amazon could top $2.8 billion......»»

Category: topSource: foxnewsNov 14th, 2018

Economists skeptical of Amazon-size tax breaks

Experts who study economic development say subsidy packages such as the one New York is giving Amazon rarely pay off for taxpayers. That means the city and state are forgoing up to $3 billion in tax... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 14th, 2018

Amazon to benefit from more than $2.4 billion in incentives from Virginia, New York and Tennessee

New York is most generous, as Virginia appears to have made better deal......»»

Category: topSource: washpostNov 13th, 2018

Amazon"s "HQ2" $2bln cost to tax payers

Amazon's decision to split its second quarters between New York's Long Island City and Arlington Virginia revealed the $2 billion in tax breaks the company received in exchange for 50,000 jobs......»»

Category: videoSource: reutersNov 13th, 2018

Moody"s Pegs Florence"s Economic Cost at $38 Billion to $50 Billion

Initial estimates for the damage that Florence wrought on the Carolinas rank it among history’s top hurricanes, but far below last year’s trio of powerful storms......»»

Category: asiaSource: wsjSep 22nd, 2018

New York startups continue to rake in VC funding

New York City-based startups have closed about 850 venture capital funding deals this year totaling $9.1 billion, according to the city Economic Development Corp. That puts New York firms on pace to... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 19th, 2018