$120K grant to help Council lure business to state CAPITOL — The New York State Economic Development Council has received a $120,000 grant from the state to promote events designed to attract businesses to the state. The council is a private nonprofi t established in 1973. It is New York’s principal organization representing economic development professionals, with more than 900 members. Members include the leadership of industrial development agencies, local development corporations, commercial investment banks, underwriters, bond counsels, utilities, chambers of commerce and private corporations. The council will use the grant from the Empire State Development Corporation to market the 2010 BIO International Convention and two 2010 Industrial Asset Management Council Professional Forums. Total project cost is $173,000. The award is contingent on passage of the state budget. The ESDC on Tuesday awarded more than $6.5 million in grants, pledging to retain more than 1,440 existing jobs and create 427 new jobs in the state. The funding will leverage nearly $193 million in private investments across the state.
Are they nuts? New York is BROKE and is the highest taxed state in the country. And yet they are spending even MORE tax dollars on how to lure businesses in to an already over taxed, business 'unfriendly' state? Nitwits!
Logged
