Money http://innovationtrail.org en Tobacco tax differential encourages smuggling, organized crime http://innovationtrail.org/post/tobacco-tax-differential-encourages-smuggling-organized-crime <p>New York state has the highest inbound cigarette smuggling rates in the country according to recent research by the Mackinac Center for Public Policy in Michigan.&nbsp;</p><p>Well over half of all cigarettes smoked in the state are illegal, and smuggling has increased by almost 60% since 2009.</p><p>The wide variation of taxes across different states is also encouraging illegal trafficking, according to Scott Drenkard, <a href="http://taxfoundation.org/article/cigarette-taxes-and-cigarette-smuggling-state" target="_blank">an economist with the non-partisan Tax Foundation</a>.</p> Mon, 31 Mar 2014 20:35:36 +0000 Matthew Leonard 3341 at http://innovationtrail.org Tobacco tax differential encourages smuggling, organized crime Harsh weather hurts state’s service sector and retail: Federal Reserve http://innovationtrail.org/post/harsh-weather-hurts-state-s-service-sector-and-retail-federal-reserve <p>The harsh winter of 2013/2014 has made itself felt across the state’s economy according to the The Federal Reserve’s ‘Beige Book’, a summary of commentary from the Fed’s districts published Wednesday. New York state is classified as District Two under the Fed’s reporting system.</p> Thu, 06 Mar 2014 16:37:46 +0000 Matthew Leonard 3301 at http://innovationtrail.org Harsh weather hurts state’s service sector and retail: Federal Reserve Investment dollars for upstate New York startups on the rise http://innovationtrail.org/post/investment-dollars-upstate-new-york-startups-rise <p>The amount of money being invested in startup businesses in upstate New York is increasing, but that doesn’t mean starting a business here is suddenly easy.</p><p>Upstate Venture Associates of New York, or <a href="http://uvany.org" target="_blank">UVANY</a>, a startup business investment firm, found that nearly twice as much money came into upstate New York in the third quarter of last year, in comparison to the year before. There were 29 deals that quarter, worth $75.86 million. That's up from 16 deals worth $40.56 in the fourth quarter of 2012, UVANY found.</p> Thu, 27 Feb 2014 18:09:29 +0000 Ryan Delaney, WRVO 3286 at http://innovationtrail.org Investment dollars for upstate New York startups on the rise Syracuse patching twice as many water main breaks as normal http://innovationtrail.org/post/syracuse-patching-twice-many-water-main-breaks-normal <p>Water department crews have spent a lot more time this winter digging into frozen ground, shoveling asphalt and sifting through mud to find holes in Syracuse’s plumbing as an unusually high number of water main breaks is putting a strain on city resources.</p><p>Since the beginning of the year, the city’s century-old water system has sprung more than a hundred leaks. That’s more than two a day that city works crews have had to patch and twice the number the city normally deals with.</p> Tue, 25 Feb 2014 15:42:10 +0000 Ryan Delaney, WRVO 3281 at http://innovationtrail.org Syracuse patching twice as many water main breaks as normal Water mains and transportation focus of infrastructure forum http://innovationtrail.org/post/water-mains-and-transportation-focus-infrastructure-forum <p>Central New York's underground infrastructure - namely, water mains - was a big focus of a discussion about the region's infrastructure hosted by Rep. Dan&nbsp;Maffei&nbsp;Tuesday.</p><p>Maffei, a Democrat from Syracuse, gathered elected officials, engineers and administrators at the Erie Canal Museum in Syracuse to discuss infrastructure. One main message was that upgrades and maintenance of the region's plumbing and water pipes has been an often ignored or delayed investment.</p> Wed, 19 Feb 2014 12:50:00 +0000 Ryan Delaney, WRVO 3269 at http://innovationtrail.org Water mains and transportation focus of infrastructure forum