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New York City Industrial Development Agency (NYCIDA) is a public benefit corporation under New York State law that provides companies with access to tax-exempt bond financing or tax benefits to strengthen and diversify the City’s tax and employment base, helps businesses locate and expand their operations within New York City, and encourages ...
An economic development corporation ("EDC") is an organization common in the United States, usually a 501(c)(3) non-profit, whose mission is to promote economic development within a specific geographical area. These organizations are complementary to Chambers of Commerce. Whereas a Chamber of Commerce promotes the interests of businesses in a ...
The Department of Economic Development stimulates business development and job creation. The department assists through support in financing, licensing, business recruitment, and marketing services. The Department of Tourism and Marketing promotes Vermont as a travel destination through the mediums of print, television, radio and the World Wide ...
In July 2011, ahead of Fortis, Gaz Métro acquired Central Vermont Public Service Corp., "the largest electricity supplier in Vermont," for US$472 million. [ 10 ] CVPS operations were merged with those of GMP in 2012–making GMP the largest electric utility in the state, providing electricity to over 75 percent of Vermont residents.
The New York State Department of Economic Development (DED) is a department of the New York government that has been operationally merged into ESD. [ 5 ] [ 6 ] ESD gives its mission as promoting the state economy, encouraging business investment and job creation, and supporting local economies through loans, grants, tax credits, real estate ...
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
The Silbond Corp. plant in Weston is pictured. Silbond will expand its production facility and add three jobs, Gov. Gretchen Whitmer's office announced.
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