Feb 22
2012
Cuomo’s $1B economic stimulus for region: Promising vision, questionable assumptions
Gov. Andrew Cuomo’s proposal to invest $1 billion of state incentives in an effort to revitalize the region’s economy is even bolder than the “B as in billion” suggests. Bold, but potentially flawed. Cuomo is alone among the nation’s 50 governors in targeting that kind of money at a regional economy. “To have a governor willing to spend $1 billion in one metropolitan area is truly exceptional these days, given states’ fiscal conditions,” said Greg LeRoy, a national expert on economic development subsidy programs and executive director of Good Jobs First. Moreover, Cuomo wants to break from current economic development[...]