Kate O'Connell

Kate Oââ

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The Eastman Business Park is officially up for sale, Kodak announced Tuesday.

Company spokesman Chris Veronda says it’s the right time to hand development of the upstate industrial and technology park over to a new entity.

'Kodak believes the site can best continue its transformation under the ownership of a firm that’s focused on its redevelopment. And, at the same time, the sale of EBP will allow Kodak to focus on its customers in the commercial imaging business.'

http://regionalcouncils.ny.gov/

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.

Researchers from Clarkson University are gearing up to study the impacts of water pollution on property values across 26 counties in upstate New York.

Funded by a two year NYSERDA grant, researchers will study water quality data and correlate that with property sales over the past decade. And there’s already evidence of a relationship between the two.

In a recent study, economics professor Martin Heintzelman - who’ll be working on the new study – found that high water acidity lowered property prices in the Adirondacks by up to 24 percent.

Three upstate wineries have come together to create an import-export company designed to increase Finger Lakes wine sales in Europe. The new company, called New York Wines, will be registered in Belgium and the partners are hoping it will help to increase sales at home as well as abroad.

John Martini, president of one of the vineyards, the Anthony Road Wine Company, says the costs associated with overseas shipping can be prohibitive for a single winery. But shipping produce from several wineries in bulk makes it cheaper at both ends, he says.

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Some abandoned prisons in the upstate area could become home to start-up companies under the Cuomo administration's Start-Up New York initiative.

The initiative aims to provide major incentives for companies to relocate, develop, or significantly expand in New York by offering state and local tax free zones on university and college campuses.

But, Ken Adams, President and C-E-O of Empire State Development says these tax free zones won’t be restricted to academic campuses. He adds in  a range of other shuttered  state facilities as well.

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