9:35am

Mon February 13, 2012
Morning trail mix

IDAs net $500 million in tax exemptions in 2009

Today in your Trail Mix:

We need your help writing a Valentine for upstate - tell us why you love it!

Industrial development agencies fly under the radar, spending millions to uncertain effect.

Saratoga County's changing demographics.

Cutting back on drilling in the Marcellus Shale.

Politics

The under-the-radar economic development tool known as "industrial development agencies" moved half a billion dollars off tax rolls in 2009 - but what did they do with all that cash? (Marie Cusick, WMHT/Innovation Trail).

New York's attorney general says a settlement with mortgage companies is a "down payment" (Karen DeWitt, New York State Public Radio).

The leader of the Assembly is proposing to combine the federal and state primary on June 26 (Jon Campbell, Vote Up!).

The comptroller and governor are at odds over the comptroller's role in auditing contracts - the governor wants to cut red tape and the comptroller wants to provide transparency (Tom Precious, Buffalo News).

Freshman Democratic assemblyman Sean Hanna wants to trim the amount of time legislators spend in Albany, and cut their pay (Jon Campbell, Vote Up!).

Business

The demographics of Saratoga County are changing as GlobalFoundries brings in international workers to fill chipmaking jobs (Bryan Fitzgerald, Times Union).

New York will net $6.5 million in a settlement with Intel over an anti-trust suit (Larry Rulison, Times Union).

An Albany-area call center is cutting 155 jobs, but could rehire many of those workers at another location (Marie Cusick, WMHT/Innovation Trail).

The Griffiss Business and Technology Park near Utica could be in for a hit in a round of military closures and reductions (Elizabeth Cooper, Observer Dispatch).

Tourism numbers aren't keeping pace as the Finger Lakes region adds new wineries, sparking concerns about a glut in the market (Diana Louise Carter, Democrat and Chronicle).

A Rochester brewery is back from its mentorship with master brewery Sam Adams (Zack Seward, WXXI/Innovation Trail).

Energy

The president of the Marcellus Shale Coalition says fewer wells will be drilled in 2012 because of waning natural gas prices (AP).

A western New York senator wants to audit the Niagara Power Coalition to see how energy generation affects job creation and spending (Thomas J. Prohaska, Buffalo News).

Lake Erie wind projects once slated for last year could be as much as 30 years away now (Brent Larkin, Plain Dealer).

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