Finance

Finance

Long Island Awarded $60 Million for Economic Development

January 4, 2013 By Stephanie West Long Island was awarded $59.7 million for 86 projects in Nassau and Suffolk counties from New State. Some of the winning projects include: $2.15 million to expand the Brookhaven Rail Terminal in Yaphank to include construction of a 500,000 square foot refrigerated warehouse and a multi-modal rail freight facility…

Finance

Deal to Preserve Co-Op City

December 4, 2012 Around Town By Neal Tepel State’s Largest Mitchell-Lama Development, Home to 55,000 Residents, Will Remain Affordable for 35 More Years Governor Andrew M. Cuomo, Mayor Michael R. Bloomberg have announced the closing of a $621.5 million loan to the Co-op City development in the Bronx.

Finance

AFSCME, SEIU, NEA Launch Ad Campaign to Protect Social Services

November 30, 2012 Diane Cohen, LaborPress Washington Bureau The American Federation of State, County and Municipal Employees (AFSCME), the Service Employees International Union (SEIU) and the National Education Association (NEA) today launched an opening set of television ads in Colorado, Virginia, Missouri, and radio ads in Pennsylvania, Alaska and Missouri. The ads are urging Senators…

Finance

Bloomy Optimistic about Disaster Dollars; Chuck Expects Hard Fight

November 30, 2012 Marc Bussanich Mayor Michael Bloomberg travelled to Washington D.C. on Wednesday, November 28 to meet with House and Senate leaders to argue the city’s case for urgent federal dollars to rebuild. But the city’s request comes at a time when the Congress and President are at loggerheads over reducing the country’s deficit….

Finance

John Massaro, Named President of Long Island Business Association

November 21, 2012 By Stephanie West John A. Massaro, CPA, an Audit Manager at Garden City-based Armao, Costa & Ricciardi, CPAs, P.C., has been named president of the Chaminade Long Island Businessmen’s Association. He was inducted for a two-year term at the organization’s quarterly meeting held at Chaminade High School in Mineola on October 25,…

Finance

Pressure Mounts on Representatives Ahead of Fiscal Cliff

November 19, 2012 Marc Bussanich After the Thanksgiving recess Congressional representatives and President Obama will be meeting to try to reach an agreement to reduce the national deficit and prevent the country from driving over the fiscal cliff of expiring tax and activation of spending cuts. The President and Congressional leaders met after a photo-op…

Finance

Public Private Partnerships Essential

November 20, 2012 By Michael Likosky Public-private-partnerships are already taking center stage as the way we will stand on our own two feet.  Partnerships are the cornerstone of the bipartisan consensus emerging to address the fiscal cliff. They are a way of growing the pie of available capital by putting private capital to work rebuilding…

Finance

Schenectady’s Fiscal Condition Weak

November 15, 2012 Bob Smith, Laborpress Albany Bureau The City of Schenectady faces an unstable financial future, similar to other cities experiencing fiscal stress, Schenectady has struggled to balance its budget, has limited resources to finance future needs and minimal cash available to pay current liabilities. However, recent tax base growth and commercial expansion in…

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