Business & Economy

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Health & Environment
4:15 pm
Tue October 21, 2014

Farming app for upstate distributor

Senator Chuck Schumer with Field Goods owner Donna Williams, her son and Hudson Valley farmer Ken Migliorelli
Credit Jenna Flanagan / Innovation Trail

 

Wanna know what crops local farmers are producing? There’s an app for that or at least there will be one soon. Senator Chuck Schumer announced federal funding for Greene County food distributor, Field Goods to integrate technology into their business model.

Donna Williams’ company Field Goods connects many of the Capital Regions and Hudson Valley farms with a larger diverse consumer base, but it can be tricky.

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Business & Economy
11:24 am
Mon October 20, 2014

NY Start-Up Plans Space Mission

See how a New York start-up is playing a major role in the development of the next version of Hubble Telescope in our Innovation Trail report. (Begins at 10:36).

Business & Economy
8:46 am
Wed October 8, 2014

Wall Street profits down, but New York reaps benefits from bank settlements

New York State has received a multi-billion dollar windfall from bank settlements this year, but a new report from the State Comptroller shows the settlement took a bite out of Wall Street profits in 2014, which could have repercussions for the state budget in the future.

State Comptroller Tom DiNapoli reports Wall Street profits are down by 13% so far in 2014, compared to the previous year, 2013, when profits had already shrunk by 30%.

“Certainly we’re seeing profits, but down from what we saw last year,” DiNapoli said.

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Business & Economy
3:04 pm
Fri August 8, 2014

Governor and legislature increasingly rely on publicly funded private attorneys

Governor Cuomo’s administration and the legislature are spending around $1.3 million dollars this year in payments to private law firms, and the public is paying for it, says a fiscally conservative study center.

The Empire Center analyzed reports filed on line by the legislature, and found that the state Assembly paid over $650,000 to outside attorneys, while the State Senate gave a private law firm over $400,000 between October of 2013 and March of 2014.

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Business & Economy
3:16 pm
Tue August 5, 2014

Cuomo keeping options open on use of surplus windfall

For the first time in several years, New York has a surplus of three to four billion dollars. Governor Cuomo says he’s still looking at options on how best to use it.

The state has recently been the beneficiary of a windfall from major lawsuit settlements with several banks and  insurance companies. After years of running a debt or breaking even, New York now has over four billion additional dollars, say Governor Cuomo. Cuomo says he’s still thinking about the best use for the money.

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