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Economy

COMIDA considers deal for mall project

No tax-incentive approval from the County of Monroe Industrial Development Agency, no plan to redevelop 1 million square feet of space at The Marketplace Mall, at least not right away. That’s not a veiled threat, said Dennis Wilmot, senior vice ...

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Holiday shopping sprees are not for everyone

NEW YORK — Many Americans are watching the annual holiday spending ritual from the sidelines this year. Money is still tight for some. Others are fed up with commercialism of the holidays. Still others are waiting for bigger bargains. And ...

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Job grants awarded statewide

ALBANY — New York’s Mohawk Valley, North County, Capital Region, Southern Tier and Long Island are the big winners in this year’s round of competitive state economic development grants. Each region won more than $80 million in tax breaks, funding ...

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$59.8M coming to Finger Lakes region

A year after being recognized as having one of the best plans in the state, the Finger Lakes Regional Economic Development Council is on tap to receive substantially less funding for projects. The council was awarded $59.8 million – a ...

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Legislators OK budget, not sheriff’s pay hike

Sheriff Patrick O’Flynn won’t be getting a $37,300 pay raise next year, but child-care advocates hoping to see $1.3 million restored for child-care subsidies also walked away unhappy after Monroe County legislators OK’d by a 19-10 party line vote a ...

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Voting for public safety programs ends Monday

The voting period for the Voice of the Citizen Budgeting for Public Safety participatory budgeting initiative ends Monday, Dec. 16. Up to $200,000 may be spent on projects that were wholly created and developed by citizens. Several places to vote ...

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Bipartisan budget deal sets off some grumbling

WASHINGTON — Backers of a narrowly drawn budget deal are selling it as a way to stabilize Congress’ shaky fiscal practices and mute some of the partisan rancor that has helped send lawmakers’ public approval ratings plummeting. But the bipartisan ...

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Leaders say mandates drive up local spending

Monroe County legislators Tuesday night were scheduled to vote on a 2014 spending plan that totals more than $1 billion in spending. Many critics focused on controversies over a proposed sheriff raise and cuts in child care subsidies for low-income ...

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Legislators consider multiple issues with budget vote

Reduced Monroe County funding for child care subsidies to low-income families will have an impact on the court system, but county officials — faced with many difficult decisions because of reduced funding from the state for mandated programs — say ...

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Lew calls for tighter global bank oversight

WASHINGTON — The world’s biggest economies need to do more to bolster financial rules to avoid a repeat of the disastrous 2008 financial crisis, Treasury Secretary Jacob Lew said Thursday. Lew said he will use a February meeting in Australia ...

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Judge: Detroit eligible for Chapter 9 bankruptcy

DETROIT — Detroit is eligible to shed billions in debt in the largest public bankruptcy in U.S. history, a judge said Tuesday in a long-awaited decision that now shifts the case toward how the city will accomplish that task. Judge ...

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Comptroller cites $65M jump in state overtime

ALBANY — The New York comptroller reported that state agencies have spent more than $462 million on overtime in the first nine months of this year, a $65 million jump from last year. Comptroller Thomas DiNapoli said if the trend ...

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