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posticon Grant For TCAD To Fund Food Processing Business

Business | Friday, April 20, 2018 | By Office of Congressman Tom Reed Print
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Congressman Tom Reed announced that the Appalachian Regional Commission has approved a $67,728 grant to Tompkins County Area Development, Inc. (TCAD) for a pilot Food Processing Business Incubation Program (FoodBIP).

"This grant will help manufacturers build necessary connections that will give them a fair chance in the food industry and allow them to grow. I care about bringing more jobs to our region and with this program, I believe that goal can be achieved," Reed said.

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posticon State Tax Collections Rose $4.9 Billion

Business | Friday, April 20, 2018 | By New York State Comptroller's Office Print
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Tax receipts for State Fiscal Year 2017-18 reached $79.3 billion, $4.9 billion, or 6.6 percent above the previous year, according to the state cash reportreleased today by State Comptroller Thomas P. DiNapoli. The state ended its fiscal year on March 31 with a General Fund balance of $9.4 billion, an increase of $1.7 billion over the prior fiscal year.

"Strong personal income tax receipts from December through March helped boost the end-of-year bottom line," DiNapoli said. "The state's economy continues to expand, but recent financial market volatility is a cautionary sign and questions still remain about how federal tax changes will affect the state's finances in the year ahead."

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