Crisis
IDAs to the Rescue
A SUMMARY of BILL A10294 (THE IDA STATE DISASTER LOAN PROGRAM) NYS Assembly Bill A10294A and its companion Senate Bill S8181a (the “Legislative Initiatives”) expand the authority of an Industrial Development Agency (an “IDA”) to provide emergency loan and grant programs for certain businesses and not for profit entities. The Legislative Initiatives, if enacted into…
Read MoreOur Economic Development Strategy Was Based On Attracting Class A Office – What Now?
The answer is right at home. Life as we know it will forever be changed. We are hearing a lot of that refrain in the wake of COVID-19 and the shift to work from home environments. There is no question that how – and where – we work will certainly be impacted going forward. The…
Read MoreThe Post-COVID Economy
In addition to the health and human suffering resulting from the coronavirus (“COVID-19”), the economic impacts on the economy and financial markets have been staggering. The Dow Jones Industrial Average (“DJIA”) and S&P 500 both reached record highs in February 2020 with the Dow soaring to 29,551 on February 12, 2020, and the S&P reaching…
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