New York state spends about $7 billion on tax incentives and business subsidies each year.
Regional Economic Development Councils, or REDCs, were put in place in 2011 to help coordinate this spending at a regional level.
Governor Andrew Cuomo is scheduled to announce the latest round of REDC funding on Wednesday. But as the Innovation Trail’s Kate O’Connell reports, concerns remain about the transparency and accountability of the state's subsidy programs.
In the aftermath of the tragedy at Sandy Hook Elementary School, Newtown has received support from all over the world. The donations, media inquiries, and outpouring of both concern and curiosity proved overwhelming for the small Fairfield County town. But among the donors, General Electric Corporation stood out by providing the town something it desperately needed: workers.
Former New York Gov. George Pataki, Gov. Andrew Cuomo and former state Comptroller Carl McCall pose at Manhattanville College in Purchase, N.Y., on Wednesday, Oct. 2, 2013. Cuomo named Pataki and McCall to a Tax Relief Commission.
Connecticut Governor Dannel Malloy signing legislation at the Capitol in Hartford on Thursday, April 4, 2013, that includes new restrictions on weapons and large capacity ammunition magazines, a response to last year's deadly school shooting in Newtown.
File-Former Connecticut Gov. John G. Rowland gestures as he leaves a brief news conference at the state Capitol in Hartford, Conn., Monday, Feb. 3, 2003. Rowland vowed to continue working on putting together a state budget despite a suit filed in federal court by state employee unions.
Connecticut Attorney General George Jepsenwas challenging a ruling involving a lawsuit filed ten years ago against the administration of former Governor John Rowland. In the lawsuit, 2,800 state employees claimed they were laid off because of their union affiliation.