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Cuomo: $1B to Buffalo as part of jobs program

By Associated Press

Story Created: Jan 4, 2012 at 2:58 PM EDT

Story Updated: Jan 4, 2012 at 2:58 PM EDT

ALBANY, N.Y. (AP) - New York Gov. Andrew Cuomo says the
economically distressed city of Buffalo will get $1 billion in incentives for employers to lift the city out of its third-place national poverty ranking behind only Detroit and Cleveland.

Cuomo says the state incentives stretched out over several years will be used to draw employers the same way high-tech companies were attracted to the Albany area with tax breaks and grants.

He says the state will empower the Buffalo Regional Council to develop a plan to create thousands of jobs.

Cuomo's State of the State address on Wednesday again calls for a second round of competitive grants to attract and retain employers statewide.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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