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Links roundup—NY economic development edition

February 27, 2012
  • The Long Beach City Council is working to create an LDC to help boost economic development. City Manager Jack Schnirman acknowledged the problems that have been raised about LDCs but said that just “because some places do things wrong, it’s not a reason to stop pursuing things. We have to figure out a way to do local economic development here. We have to work hard to use best practices from around the region to support local business, attract new business and create jobs.” [Long Beach Herald] [City of Long Beach Economic Development Packet]
  • For Fresh Direct, an old-fashioned handout. [NYT City Room Blog]
  • But Mayor Bloomberg and Bronx Borough President Ruben Diaz Jr. want people to know that the Fresh Direct subsidies “will cover just 23% of the total construction cost of the project and help defray a small portion of their operating expenses…. this investment will not only ensure that we do not lose thousands of current and future jobs to New Jersey, but the new economic activity will generate over $250 million in tax revenue for the city over the next 25 years.” [NY Daily News Op Ed] [Village Voice Runnin’ Scared Blog]
  • Classic job poaching: Orange County IDA lures company from Ulster. [Times Herald-Record]
  • More job poaching: good government advocates and lawmakers want the ABO to investigate a company that moved some of its operations from Erie to Monroe County, seemingly as their tax break in Erie was expiring. [Democrat and Chronicle] [Innovation Trail] [TU Capitol Confidential Blog]
  • Governor Cuomo’s proposal to invest $1 billion in Buffalo could create thousands of jobs if the incentives are targeted right. [Artvoice]
  • Niagara County IDA chair Henry Sloma recently spoke about the importance of developing the downtown area around Niagara Falls. [MetroWNY]
  • The yogurt business continues to boom in upstate New York, and the state keeps giving out more financial incentives. [TU]
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