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News stories tagged with "economic-development"

Can Michael Foxman realize his vision for Tupper Lake?
Can Michael Foxman realize his vision for Tupper Lake?

Big Tupper resort: more on the money questions

The story reported above by Brian Mann, in cooperation with the Adirondack Explorer, looks hard at the financial underpinnings of the big luxury resort project proposed for Tupper Lake several years ago. It raises complicated questions and concerns still on the table as the Adirondack Park Agency prepares for its final review, and decision.
Martha Foley spoke further with Brian this morning about the skepticism he found, and why these questions matters.  Go to full article

Do incentives really work?

New York relies heavily on perks like tax breaks to induce businesses to come or grow here. According to a study by the Fiscal Policy Institute, the state handed out more than $5-billion in tax incentives last year alone. But as the Innovation Trail's Zack Seward reports, business groups say structural changes are needed if New York wants to boost economic development.  Go to full article
The long term decline of upstate New York... did not happen because we did not have good economic development programs.

Luring jobs Upstate: the history of the incentive

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.  Go to full article
Alcoa's Massena East smelter plant
Alcoa's Massena East smelter plant

Cheers as ALCOA reopens Massena smelter

There were cheers this morning in Massena, where Alcoa officials just told workers the company will reopen its East smelter after a two-year furlough.

The company will hold a press conference to make the news official at 11 this morning. Alcoa will recall 95 workers who were laid off and hire another 20 to 30 new employees.

Company spokeswoman Laurie Marr said this morning those rehires will begin immediately.

Low aluminum prices as a result of the recession were also a factor in the extended furlough. Prices have been rising steadily in the last several months.

Massena Mayor James Hidy told the Watertown Daily Times the news is "a morale boost for the whole community."

Meanwhile, a planned modernization of the plant has been put on hold. As a part of its low cost power contract, Alcoa was to have invested 600 million dollars into the facility. But the New York Power Authority agreed to let Alcoa put off that project until 2013.  Go to full article
Resort developers Tom Lawson (L) and Michael Foxman (R) during yesterday's proceedings (Photos:  Brian Mann)
Resort developers Tom Lawson (L) and Michael Foxman (R) during yesterday's proceedings (Photos: Brian Mann)

Big Tupper developers win round in court, Nature Conservancy cries foul

Developers of a new resort in Tupper Lake won a major victory yesterday when a local jury awarded them road access to a 1200-acre parcel of land.

The decision will allow the Adirondack Club and Resort to maintain a short road easement across neighboring property owned by the Adirondack Nature Conservancy.

The company says they needed access in order to move their project forward. The green group says the developers wanted to take their private property rights.

Brian Mann was in Tupper Lake and has our story.  Go to full article
Stephen Maselli located his Old Adirondack furniture company in the industrial park in Willsboro (File photo)
Stephen Maselli located his Old Adirondack furniture company in the industrial park in Willsboro (File photo)

Even free of APA regulations, Adirondack business sparks struggle

Critics of the Adirondack Park Agency have long claimed that its zoning rules and regulations stifle economic activity.

But over the years, the APA has approved eight shovel-ready business parks for light industry and manufacturing.

Businesses who choose to locate in these industrial parks - which stretch from Tupper Lake to Moriah - face little or no APA oversight.

Still, most remain empty or nearly empty.

As Jon Alexander reports, the real problem may be the lack of infrastructure and convenient access in remote rural towns.  Go to full article

APA struggles to preserve economic development staff

New York State's budget crisis, and routine staff retirement plans re combining to threaten the Adirondack Park Agency's economic development office.
A job freeze that's part of Gov. Paterson's budget would mean a key job at the top of the APA's staff would go unfilled.
Jon Alexander has the story.  Go to full article

Momentum builds for Adirondack economic zone

A movement to establish an economic zone uniting the Adirondack Park is gaining momentum and encouraging new cooperation. A new caucus of the region's Albany lawmakers has reached out beyond party lines, and the economic zone could be an early success.

It won key approval last week from a broad coalition of elected officials, environmental groups and community activists. Chris Morris reports.  Go to full article
Peter Hornbeck in his shop in Olmstedville (Source:  Hornbeck boats website)
Peter Hornbeck in his shop in Olmstedville (Source: Hornbeck boats website)

Hornbeck says he?s been misportrayed in APA confirm fight

Governor David Paterson has nominated businessman and environmental activist Peter Hornbeck to serve on the Adirondack Park Agency board. Hornbeck, a boatbuilder from Olmstedville, has the support of his local town board and supervisor. In a letter issued last week, Minerva town supervisor Sue Montgomery-Corey described Hornbeck as intelligent and thoughtful.

"We believe that he will represent the needs of Adirondack communities and businesses well," Corey wrote.

But Hornbeck's nomination has drawn fire from other local government groups in the Adirondacks and from state Senator Betty Little. They point to the fact that he serves on the board of Protect the Adirondacks, a group that is currently suing the APA. Last week, Senator Little predicted that Hornbeck wouldn't be confirmed by the state Senate.

Until now, Hornbeck himself has kept quiet about the uproar that has erupted around his candidacy. But on Friday he spoke in-depth with Brian Mann.  Go to full article
By laying new electric cable underwater...
By laying new electric cable underwater...

Company eyes Champlain, Hudson Valleys for Quebec-NYC electric line

A Canadian company hopes to build a massive new electric transmission line that will use the Champlain and Hudson Valleys to bring power from Quebec to New York City. Transmission Developers Incorporated, based in Toronto, is asking state regulators in New York to approve the use of a type of cable that can be buried underwater. As Brian Mann reports, the technology would mean fewer impacts on communities and landscapes in the North Country.  Go to full article

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