The Central NY Business Journal related that in his State of the State address today, Gov. Andrew Cuomo outlined several portions of his economic-development agenda.
He called for creating regional economic-development councils that would work with state agencies to allocate resources. Lt. Gov. Robert Duffy will lead the councils, which will be drawn from the private sector, local governments, state agencies, and academic institutions.
Cuomo also wants changes in the Excelsior Jobs Program, implemented last year as a replacement for the much-criticized Empire Zones. Cuomo's plan calls for restructuring the value and length of tax credits in the Excelsior program to provide more incentives for job creation.
He also called for restructuring incentives for improving properties, paying credits as job-creation targets are met rather than at the end of a proposal, expanding research and development tax credits, and streamlining the program's application process.
In addition, Cuomo advocated for a permanent Power for Jobs program and pushed his proposed property-tax cap, which would limit property tax increases to the rate of inflation or 2 percent, whichever is less.
The governor detailed some of his fiscal plans as well, including an emergency financial plan he said would close the $10 billion deficit in the 2010-2011 budget without raising taxes or borrowing.
"We must transform the state of New York from a government of dysfunction, gridlock, and corruption to a government of performance, integrity, and pride," Cuomo said. "This is not about budget trimming or cutting, it's about looking at how we can fix government and make it work for the people.
"Together, we must take the significant steps needed to reinvent, reorganize and redesign government to restore credibility and to rebuild our economy by creating jobs all across this state."
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