Albany, NY, Feb 03, 2011 — In his budget speech Tuesday, Governor Cuomo made clear the deep cuts he proposes are only a short-term fix. The long-term answer to New York's fiscal crisis, he said, is economic development.
New York's economic development strategy is in a state of flux. Empire Zones of the Pataki-era are yielding to regional economic development councils proposed by Andrew Cuomo.
But for decades, incentives and perks have been the main way to attract companies to do business in New York. The Innovation Trail's Emma Jacobs reports on that history.