Investing in our local economy
Assemblyman Magnarelli supports the Essential New York Initiative – a 12-county Central
New York plan – which helps capitalize on our regional strengths: a strong university system,
a first-rate work force, and emerging high-tech industries – by bringing them together to create
jobs.
To help keep jobs in the state, Assemblyman Magnarelli sponsored legislation requiring entities
receiving state economic development grants to first consider New York companies as primary
suppliers (A.8408).
Magnarelli also helped secure $50,000 each in grants through the New York Indoor Environmental
Quality Center for four upstate companies:
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Air Innovations, Inc. of Syracuse
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NuClimate Air Quality Systems, Inc. of East Syracuse
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OrthoSystems, Inc. of Syracuse
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Rupprecht & Patashnick Co. Inc. of Albany
These funds will create approximately 300 jobs in Central New York.
Encouraging innovation
As chair of the Task Force on University and Industry Cooperation, Assemblyman Magnarelli is
helping capitalize on the educational resources available to Central New York’s workforce and
businesses. As part of his economic development strategy, Magnarelli has invested in
job-creating partnerships between local colleges and businesses, including:
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$100,000 for the Syracuse University Renaissance Internship and Recruitment Program,
which retains talented, educated students for the local economy
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$240,000 for the daVinci program, which attracts high-tech workers to the area
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$95,000 for Metropolitan Development Association Vision 2010 to review our information,
bio- and electronic technology sectors
Magnarelli also sponsored legislation to create a grants program to stimulate research,
applied technology and manufacturing in New York (A.10482),
as well as legislation:
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Establishing an annual patent fair to commercialize New York university patents for
licensing (A.1957)
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Creating a program to match federal grants awarded to New York universities for technology
developments (A.7987)
Securing low-cost Power for Jobs
The successful Power for Jobs program has created and retained thousands of local jobs – including:
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3,088 jobs for St. Joseph’s Hospital
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3,696 jobs for Syracuse University
That’s why Assemblyman Magnarelli supported legislation extending the program until
2008 (A.11645), and has encouraged the Senate to join the
Assembly in passing the extension.
Ensuring DestiNY USA creates and keeps jobs in Syracuse
Assemblyman Magnarelli introduced legislation requiring a state review to guarantee
DestiNY USA creates 15,000 permanent, full-time jobs as well as 15,000 full-time
construction jobs in return for state aid (A.11717).
Magnarelli’s bill will provide Empire Zone tax credits for DestiNY USA, provided the
developer spends at least $1 billion on the project, and creates at least 3.2 million
square feet of new, income-generating retail and entertainment space.
Reforming Empire Zones
The Empire Zone program is credited with creating 1,555 new jobs in Syracuse
and retaining 2,210 jobs locally.
To ensure Empire Zones continue to provide jobs in Central New York – while operating
with accountability – Assemblyman Magnarelli supports the Assembly’s Empire Zones
reform package (A.9021-A), which makes sure businesses
receiving benefits actually create jobs.
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