Empire State Development
Durst Organization scores new Empire State Development HQ at 655 Third Ave
The just-signed lease for 117,181 square feet might be Midtown’s largest new lease so far this year.
A blatantly rancid bit of Hochul 'economic development'
In a bit of "economic development" that reeks of something rotten, Gov. Kathy Hochul's arranged for New York taxpayers to cover $2.2 million of the $3 million cost of expanding...
Hochul's Micron deal exposes her blueprint for continued NY economic decline
Her economic vision is as bankrupt as her efforts on crime.
NY state agency approves Penn Station tax breaks for Hochul donor
Empire State Development board members voted unanimously in favor of Gov. Hochul's agreement to allow the state to collect "payments in lieu of taxes" from Vornado Realty Trust.
Hochul donor in line for $1.2B tax break in Penn Station overhaul plan: watchdog
The report released Tuesday by Reinvent Albany charges that the governor is pushing a sweetheart deal with Vornado Realty Trust – led by billionaire chairman Steven Roth – even though her...
Penn Station badly needs a redo but the Cuomo-Hochul plan doesn't cut it
Anyone who’s ever been close to Penn Station knows what a hellhole it is. So it’s good that state and transit officials are planning to overhaul the site — but...
Layla Law-Gisiko — enemy of Penn Station project — to run for Assembly
A tenacious Parisian in Manhattan is refusing to bow down to Andrew Cuomo — or his successor — when it comes to fighting plans to transform the area around Madison...
Hard to get rid of 'em: Hochul inherits horde of entrenched Cuomo appointees
Disgraced, ex-Gov. Andrew Cuomo may be gone but the long shadow he cast over the New York government empire over a decade will remain for years.
Sarah Feinberg tapped as new MTA chair, first woman in the role: official
Gov. Andrew Cuomo has nominated her to replace Pat Foye.
More 'Buffalo Billion' woes as audit finds Cuomo boondoggle a waste of tax money
Gov. Andrew Cuomo's signature program to revive the long-stalled upstate economy, the scandal-plagued "Buffalo Billion," has yet to produce promised jobs and was marred oversight failures that allowed tax dollars...
Panasonic to end Tesla solar panel production at New York factory
Panasonic will stop making solar panels at Tesla's New York factory as it pulls back from that market in the US, the company said Wednesday. The Japanese electronics giant said...
New York state really, really wanted Amazon — to the tune of billions
State officials offered Amazon almost a billion dollars more in incentives than previously reported in hopes of luring the company to New York City, The Wall Street Journal reports. The...
New York is about to miss this great chance to boost its economy
Gov. Cuomo’s selection of Eric Gertler to head New York’s economic-development agency offers the state a golden opportunity to rejigger its approach to the economy — and find new ways...
$1.3 billion Belmont Park arena proposal gets green light
Officials approved on Thursday a proposal for a controversial billion-dollar arena at Belmont Park that would become the New York Islanders next home — paving the way for construction to...
Fake photo tells the truth about NY's pathetic 'economic development' schemes
How pathetic are New York’s economic-development efforts? Well, state officials were just caught illustrating the programs’ “success” with a photo of seven huge construction cranes . . . in South...
Trump-linked group sues Cuomo to force disclosure on $247M in advertising
An advocacy group with ties to President Trump is suing the Cuomo administration saying the New York governor failed to fork over details on how $247 million was spent on...
A tale of harassment — and cronyism
It may be a tale of insensitivity to sexual harassment, of old-boy cronyism — or both. On Monday, Empire State Development Regional President Sam Hoyt suddenly resigned from his $157,000-a-year...