ITHACA — The president of Tompkins County Area Development (TCAD) has been elected chairman of the New York State Economic Development Council.
Michael Stamm will serve in the position until next year. The council represents economic development professionals. Its 900 members include the leaders of industrial development agencies, banks, chambers of commerce, private corporations, and more.
TCAD is a nonprofit local development corporation in Tompkins County. Stamm earned a bachelor’s degree from Syracuse University and a master’s degree from the University at Buffalo.
(Sponsored)

Final Regulations for the Advanced Manufacturing Production Credit
The IRS recently issued final regulations for the Section 45X Advanced Manufacturing Production Credit, clarifying and expanding key provisions from the proposed regulations released in late 2023. These updates are

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
Contact Tampone at ktampone@cnybj.com


