ALBANY, N.Y. — The fifth round of funding for the Restore New York Communities Initiative will fund millions of dollars in work in the Mohawk Valley.
Utica will get $2 million for asbestos abatement work at the former General Electric facility at 1900 Bleeker St., according to a news release from Gov. Andrew Cuomo’s office announcing the state funding.
Canajoharie will receive $6 million to tear down the abandoned and condemned warehouse space at the former Beech-Nut facility. That will create a 15-acre site ready for development, the release said.
(Sponsored)
Fraud Contingencies Plans Are Essential
Your business likely has a disaster recovery plan in place—procedures for handling fires, natural disasters or other crises that could disrupt operations or endanger lives. While a fraud contingency plan
The OBBBA Resurrects the Immediate R&E Expense Deduction
Under the Tax Cuts and Jobs Act (TCJA), businesses, including manufacturers, have been required since 2022 to amortize domestic Section 174 research and experimental (R&E) costs over five years, rather
Rome will get $1 million for demolition of the former Rome Cable plant downtown. The money will also pay for remediation for the site, the release said, creating a “clean 40-acre development site for future investment.”
“With our support, cities and towns are tearing down vacant, blighted buildings and rehabilitating outdated structures to help revitalize their community and generate new economic opportunities,” said Howard Zemsky, the president and CEO of Empire State Development.
Contact McChesney at cmcchesney@cnybj.com
