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Links roundup—economic development edition

December 22, 2011

Applied Sciences NYC Exterior Rendering (clink picture for source).

  • B-corportations. New York became the seventh state to pass legislation authorizing the creation of B-corporations. These companies are less like typical corporations and more like fourth sector entities, as they’re required to balance social benefits with shareholder profits. [CSR Press Release]
  • NY gets a “D” for economic development. “A study by Good Jobs First gave New York a grade of D for its job growth incentive programs and ranked the state near the bottom compared with programs in other states in terms of having meaningful performance standards.” [Business Review] [Good Jobs First Report]
  • The ABO says Schenectady County has too many economic development authorities. Schenectady County has seven local public authorities to help boost economic development and job creation and expand the local tax base. But that’s too many, according to a report from the ABO, which says that these entities are redundant, inefficient, and wasteful. [Public Authorities Blog] [Times Union] [TU Capitol Confidential Blog]
  • Why do we have so much retail space? Right-sizing retail subsidies in New York. [Empire State Future]
  • New York City’s new science & tech campus. Cornell University won the NYC EDC’s competition to create a new science graduate school in New York City. [NYC EDC Press Release] [Salon] [NYT]
  • Check out the NYC EDC’s 2011 annual review. It covers highlights of the agency’s programs, projects, and initiatives, in-depth features on thriving businesses, a roadmap toward making New York City the capital of innovations for the 21st century, and profiles of EDC employees. [NYCEDC Annual Review]
  • Just another IDA subsidy fight.  Karp Associates Inc. and its sister company, Flush Metal Partitions, have asked the Suffolk County Industrial Development Agency to give them a more generous property-tax abatement than was offered in March. They said New Jersey’s offer was better.” [Newsday]
  • Direct grants from IDAs. The Clarence IDA is reviewing its grant policies after receiving criticism from the ABO in October. [Buffalo News]
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