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LATE
BREAKING LEGISLATIVE NEWS FROM NYSEDC
Statement
by Brian McMahon, Executive Director,
New York
State
Economic Development Council
on Governor Paterson’s proposed State Budget
IDA
civic facility coalition press
release regarding governor Paterson's budget
UPCOMING
EVENTS
NYSEDC
2009 IDA section Conference to be held on January 20 – 22; Join
colleagues and peers on January 20 – 22 in Albany for NYSEDC’s 2009 IDA Section Conference. This is one of NYSEDC’s most
important and best attended events for the year. This year’s program
includes many timely, interesting, and relevant speakers and panels on
topics including compliance, best practices, public policy, and the impact of
the current financial crises on economic development and IDA transactions. With
the global economy in recession, effective economic development efforts will be
more important then ever. IDAs are a critical component of this equation.
Also,
many sponsorship
opportunities are available to highlight and promote the services of private
sector firms to New York
’s economic development leaders. Sponsorship of the 2009 IDA section
Conference will gain visibility and exposure with peers and customers, and earn
recognition for your commitment and leadership throughout New York’s economic development community.
We look
forward to seeing you in
Albany on January 20 – 22.
NYSEDC URGES GOVERNOR'S
LEADERSHIP TO EXTEND IDA CIVIC FACILITY AUTHORITY
The New
York State Economic Development Council (NYSEDC) has sent a letter to Governor
Paterson urging the extension of the law authorizing industrial development
agencies (IDAs) to finance not-for-profit projects. Projects, valued at more
than $2.3 billion, are being held up because the Legislature allowed the law to
lapse on January 31, 2008. An extension of the law would lead to the creation of
hundreds of permanent jobs and millions of dollars in tax revenue and fee income
for the state.
As a way to provide an economic stimulus to many areas of the state, NYSEDC is
urging the Governor to lead in extending the law authorizing IDAs to finance
not-for-profit projects. NYSEDC is also asking the Governor to maintain the
Empire Zone Program as a viable economic development tool for attracting
investment and jobs to our communities.
“At a time of such dire economic uncertainty, it would be shortsighted at best
not to utilize these powerful development tools to provide an economic stimulus
for many communities in the state,” said Brian McMahon, NYSEDC’s executive
director. A copy of the letter that NYSEDC sent to the Governor can be accessed here.
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