Fri June 7, 2013

Works task force takes a stab at long term planning for NY state

Summary of sector investments, NY Works Task Force

After setting up the NY State Works Task Force in May 2012, the group has released what it describes as “…a forward-looking strategic plan for generating economic growth in New York State.”

The document gives some indication of how the Task Force intends to coordinate $174 billion in spending across 47 state agencies and authorities. It’s required to mesh that spending with the activities of the 10 Regional Economic Development Councils or REDCs.

Read more


Wed March 6, 2013

Thruway Authority confirms layoffs, Erie Canal users raise concerns about impact

Erie Canal Lock, New York
License Some rights reserved by Dougtone Creative Commons License

The New York Thruway Authority's decision to layoff 234 staff as part of a strategy to address its financial predicament includes the loss of 42 canal workers who maintain 57 locks along the 524-mile length of the Erie Canal that connects the Hudson River to Lake Erie in the west. 

The Thruway Authority confirmed on Wednesday that it will go ahead with plans to cut back its workforce by around 8 percent. Employees affected by the cuts will receive official notice on Thursday, according to the timesunion.

Users of the canal have raised concerns that the loss of lock workers on the canal system will impact on this historic piece of the state's infrastructure. 

Read more


Thu January 31, 2013

Penn Yan downtown sees resurgence

Credit Boston Public Library / Flickr

Five years ago, Penn Yan’s Main Street shopping area featured a lot of empty windows: 12 out of 50.  Today, only two vacancies remain. Steve Griffin, who heads the Finger Lakes Economic Development Center, credits a few specific improvements - like a nearby redevelopment project and the opening of a downtown gallery. But he says, it also has a lot to do with a change in attitude.

Read more


Fri December 28, 2012

Jackson resigns from Capital Region EDC

Regional Economic Development Councils

Shirley Jackson, Ph.D. has resigned as co-chair of the New York State Capital Region Economic Development Council.

President of the Rensselaer Polytechnic Institute (RPI), Dr. Jackson is one of the original co-chairs of the council, and the second leader to leave the group in the past few months.

Read more


Wed December 19, 2012

Cuomo: Grants change perception of business environment in NY

Governor Cuomo awarded over three quarters of a billion dollars for economic development projects at a ceremony at the State Capitol. While every region in the state got something to go towards key projects, some regions got more than others.

The award ceremony, hosted by CNBC anchor Maria Bartiromo, featured slick videos from each region and plenty of praise for Governor Cuomo and congratulations to the Regional economic development councils.

Read more