economic development

Courtesy of Town of Hempstead Industrial Development Agency

The Hempstead Town Board on Long Island will vote to remove the members of its Industrial Development Agency later this month. This comes after the board granted millions of dollars in tax breaks to the owners of the Green Acres Mall in Valley Stream. As a result, property taxes for homeowners have increased by hundreds of dollars.

Mike Groll / AP

The scandal over Governor Cuomo’s economic development programs has led to more scrutiny of whether the projects are the best way to improve the state’s economy, and some watchdog groups are asking questions.

Office of N.Y. Gov. Andrew Cuomo

Governor Cuomo is distancing himself from the corruption scandal within his administration, and placing the blame on others, but some say Cuomo might be better off making some changes instead.

Johnathon Henninger

The Connecticut Conference of Municipalities is creating a 13-member panel of city mayors and suburban leaders to develop proposals to improve the fiscal health of cities and towns in the state.

Office of Governor Andrew M. Cuomo

 

New York lawmakers are sharply criticizing Democratic Gov. Andrew Cuomo's big economic development programs after reports showed only modest success.

An Assembly Committee on Wednesday grilled Howard Zemsky, Cuomo's top economic development official, asking him to explain why programs like Start-Up NY haven't created more jobs.

Start-Up uses tax-free zones at colleges and universities to attract companies.

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