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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

Clinical trials a $2.3B economic boon for NY: report

New York is one of 13 states that saw more than $1 billion in economic impact from clinical trials in 2017, according to a recent report from TEConomy Partners, supported by the trade group... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 2nd, 2019

Legislation to reform health insurance in NY will be costly and carry risks – CDPHP (podcast)

The New York Health Act, a bill pending in the New York State Legislature, will cost $250 billion and require a massive tax hike on employees and employers, says Ali Skinner, director of strategic communications at health plan provider CDPHP, in this .....»»

Category: topSource: bizjournalsMay 8th, 2019

Cuomo still fuming over HQ2

Gov. Andrew Cuomo says the collapse of Am… Long Island City headquarters has the private sector scared of entering into economic- development deals with New York. "It cost us 25,000 jobs, and it... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 9th, 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

Louisiana: $1.5 billion in tax breaks for $9.4 billion plant

Louisiana Economic Development Secretary Don Pierson says state and local governments offered an estimated $1.5 billion in incentives for a $9.4 billion plastics complex......»»

Category: topSource: foxnewsApr 25th, 2018

Panic! Don"t panic! Navigating the trade talk proves dicey

NEW YORK (Reuters) - "Don't overreact," President Donald Trump's chief economic adviser told investors on Wednesday, when U.S. stocks were deep in the red over worries about the administration's plan for $50 billion of import duties aimed at China......»»

Category: topSource: reutersApr 6th, 2018

Amazon’s stalled jobs could cost Puget Sound region"s economy $3.5 billion a year, study shows

A new report by ECONorthwest projects economic fallout if Amazon follows through with a threat to axe more than 7,000 jobs slated for two planned Amazon buildings if the city passes its head tax on large employers......»»

Category: topSource: bizjournalsMay 9th, 2018

Jury convicts key players in Buffalo Billion corruption case

A federal jury in New York has convicted key players of corruption in Gov. Andrew Cuomo's "Buffalo Billion" economic redevelopment program. The jury in Manhattan returned its verdict Thursday after... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 12th, 2018

Mortgage REITs Post Record Loan Origination Activity

Blackstone Mortgage provided $1.8 billion construction financing the Spiral, Tishman Speyer's $3.6 billion office development in the Hudson Yards market in New York City. The cost loan will be supported.....»»

Category: smallbizSource: nytAug 2nd, 2018

Knock down the projects and bring in the cranes

To bring New York City Housing Authority properties to a state of good repair would cost $31.8 billion, according to an assessment released last month. That is 23 times greater than the agency's... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkAug 21st, 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

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

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

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

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

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

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

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

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