Urban Development Corporation
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Urban Development Corporation
Empire State Development (ESD) is the umbrella organization for New York's two principal economic development public-benefit corporations, the New York State Urban Development Corporation (UDC) and the New York Job Development Authority (JDA). The New York State Department of Economic Development (DED) is a department of the New York government that has been operationally merged into ESD. ESD gives its mission as promoting the state economy, encouraging business investment and job creation, and supporting local economies through loans, grants, tax credits, real estate development, marketing and other forms of assistance. History The state Division of Commerce was created in 1941 and subsumed several state bureaus and the Bureau of Industry. It was replaced in 1944 by the state Department of Commerce. The New York State Urban Development Corporation (UDC) was created in 1968 by the York State Urban Development Corporation Act. On August 31, 1987, the Omnibus Economic Developme ...
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New York (state)
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. state by area. With 20.2 million people, it is the fourth-most-populous state in the United States as of 2021, with approximately 44% living in New York City, including 25% of the state's population within Brooklyn and Queens, and another 15% on the remainder of Long Island, the most populous island in the United States. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts, and Vermont to the east; it has a maritime border with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the northwest. New York City (NYC) is the most populous city in the United States, and around two-thirds of the state's popul ...
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Roosevelt Island
Roosevelt Island is an island in New York City's East River, within the borough of Manhattan. It lies between Manhattan Island to the west, and the borough of Queens, on Long Island, to the east. Running from the equivalent of East 46th to 85th Streets on Manhattan Island, it is about long, with a maximum width of , and a total area of . Together with Mill Rock, Roosevelt Island constitutes Manhattan's Census Tract 238, which has a land area of , and had a population of 11,722 as of the 2020 United States Census. Lying below the Queensboro Bridge, the island cannot be accessed directly from the bridge itself. Vehicular traffic uses the Roosevelt Island Bridge to access the island from Astoria, Queens, though the island is not designed for vehicular traffic and has several areas designed as car-free zones. Several public transportation options to reach the island exist. The Roosevelt Island Tramway, the oldest urban commuter tramway in the U.S, connects the island to M ...
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Buffalo, New York
Buffalo is the second-largest city in the U.S. state of New York (behind only New York City) and the seat of Erie County. It is at the eastern end of Lake Erie, at the head of the Niagara River, and is across the Canadian border from Southern Ontario. With a population of 278,349 according to the 2020 census, Buffalo is the 78th-largest city in the United States. The city and nearby Niagara Falls together make up the two-county Buffalo–Niagara Falls Metropolitan Statistical Area (MSA), which had an estimated population of 1.1 million in 2020, making it the 49th largest MSA in the United States. Buffalo is in Western New York, which is the largest population and economic center between Boston and Cleveland. Before the 17th century, the region was inhabited by nomadic Paleo-Indians who were succeeded by the Neutral, Erie, and Iroquois nations. In the early 17th century, the French began to explore the region. In the 18th century, Iroquois land surrounding Buffalo C ...
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Eliot Spitzer
Eliot Laurence Spitzer (born June 10, 1959) is an American politician and attorney. A member of the Democratic Party, he was the 54th governor of New York from 2007 until his resignation in 2008. Spitzer was born in New York City, attended Princeton University, and earned his law degree from Harvard. He began his career as an attorney in private practice with New York law firms before becoming a prosecutor with the office of the New York County (Manhattan) District Attorney. From 1999 to 2006, he was the Attorney General of New York, earning a reputation as the "Sheriff of Wall Street" for his efforts to curb corruption in the financial services industry. Spitzer was elected Governor of New York in 2006 by the largest margin of any candidate, but his tenure lasted less than two years after it was uncovered he patronized a prostitution ring. He resigned immediately following the scandal, and his lieutenant governor, David Paterson, served the rest of his term. Since leavin ...
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Alan Hevesi
Alan G. Hevesi (born January 31, 1940) is a former American politician and convicted felon who served as a New York State Assemblyman from 1971 to 1993, as New York City Comptroller from 1994 to 2001, and as New York State Comptroller from 2003 to 2006. Hevesi is originally from Queens, New York City. A member of the Democratic Party, Hevesi was elected State Comptroller in 2002 and reelected in 2006. He resigned from office effective December 22, 2006, as part of a plea bargain with the Albany County Court related to his unlawful use of state employees to care for his ailing wife. In February 2007, Hevesi was sentenced to a $5,000 fine and permanently banned from holding elective office again; he received no jail time and no probation. He also pleaded guilty to corruption charges surrounding a "pay to play" scheme regarding the New York State Pension Fund; on April 15, 2011, he was sentenced to one to four years in prison. Background Hevesi's parents were Jewish immigrants w ...
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Liberty Bonds
A liberty bond (or liberty loan) was a war bond that was sold in the United States to support the Allied cause in World War I. Subscribing to the bonds became a symbol of patriotic duty in the United States and introduced the idea of financial securities to many citizens for the first time. Liberty Bond Issues 1917–1918 There were four issues of Liberty Bonds: * April 24, 1917: Emergency Loan Act () authorizes issue of $1.9 billion in bonds at 3.5 percent. * October 1, 1917: Second Liberty Loan offers $3.8 billion in bonds at 4 percent * April 5, 1918: Third Liberty Loan offers $4.1 billion in bonds at 4.15 percent. * September 28, 1918: Fourth Liberty Loan offers $6.9 billion in bonds at 4.25 percent. Interest on up to $30,000 in the bonds was tax exempt only for the First Liberty Bond. First Liberty Bond Act The Second Liberty Loan Act established a $5 billion aggregate limit on the amount of government bonds issued at 30 years at 3.5% interest, redeemable by the go ...
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World Trade Center Memorial Foundation
The National September 11 Memorial & Museum (also known as the 9/11 Memorial & Museum) is a memorial and museum in New York City commemorating the September 11 attacks of 2001, which killed 2,977 people, and the 1993 World Trade Center bombing, which killed six. The memorial is located at the World Trade Center site, the former location of the Twin Towers that were destroyed during the September 11 attacks. It is operated by a non-profit institution whose mission is to raise funds for, program, and operate the memorial and museum at the World Trade Center site. A memorial was planned in the immediate aftermath of the attacks and destruction of the World Trade Center for the victims and those involved in rescue and recovery operations. The winner of the World Trade Center Site Memorial Competition was Israeli-American architect Michael Arad of Handel Architects, a New York- and San Francisco-based firm. Arad worked with landscape-architecture firm Peter Walker and Partners ...
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Lower Manhattan Development Corporation
The Lower Manhattan Development Corporation was formed in November 2001, following the September 11 attacks, to plan the reconstruction of Lower Manhattan and distribute nearly $10 billion in federal funds aimed at rebuilding downtown Manhattan. It is a subsidiary of the Empire State Development Corporation, which is a New York state public-benefit corporation. History The Lower Manhattan Development Corporation was formed in November 2001 by then-Governor George Pataki and then-Mayor Rudolph Giuliani. The LMDC is a joint State-City corporation governed by a 16-member Board of Directors, half appointed by the Governor of New York and half by the Mayor of New York. As a result, Pataki and Giuliani appointees dominate the LMDC. Its original chairman was John C. Whitehead, a former Deputy Secretary of State and head of Goldman Sachs. One of its first projects was the granting of more than $40 million for parks and green space. In February 2003, the LMDC chose Daniel Libeskind's ma ...
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September 11, 2001 Attacks
The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commercial airliners scheduled to travel from the Northeastern United States to California. The hijackers crashed the first two planes into the Twin Towers of the World Trade Center in New York City, and the third plane into the Pentagon (the headquarters of the United States military) in Arlington County, Virginia. The fourth plane was intended to hit a federal government building in Washington, D.C., but crashed in a field following a passenger revolt. The attacks killed nearly 3,000 people and instigated the war on terror. The first impact was that of American Airlines Flight 11. It was crashed into the North Tower of the World Trade Center complex in Lower Manhattan at 8:46 a.m. Seventeen minutes later, at 9:03, the World Trade Cen ...
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George Pataki
George Elmer Pataki (; born June 24, 1945) is an American lawyer and politician who served as the 53rd governor of New York from 1995 to 2006. An attorney by profession, Pataki was elected mayor of his hometown of Peekskill, New York, and went on to be elected to the State Assembly and the State Senate. After defeating three-term incumbent Governor Mario Cuomo by a margin of three points in 1994, Pataki would go on to be elected to three consecutive terms himself. He was the third Republican since 1923 to win New York's governorship, after Thomas E. Dewey and Nelson Rockefeller. Pataki's most notable achievements as governor included the creation of a number of new health care programs, presiding over recovery efforts following the September 11 attacks, and for increasing the state's credit rating three times. He chose not to run for a fourth term in 2006; he was succeeded by Democrat Eliot Spitzer. Pataki announced his candidacy for the Republican Party presidential nominatio ...
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Rockefeller Drug Laws
The Rockefeller Drug Laws are the statutes dealing with the sale and possession of " narcotic" drugs in the New York State Penal Law. The laws are named after Nelson Rockefeller, who was the state's governor at the time the laws were adopted. Rockefeller had previously backed drug rehabilitation, job training and housing as strategies, having seen drugs as a social problem rather than a criminal one, but did an about-face during a period of mounting national anxiety about drug use and crime. Rockefeller, who pushed hard for the laws, was seen by some contemporary commentators as trying to build a " tough on crime" image in anticipation of a bid for the Republican presidential nomination in 1976. The bill was signed into law on May 8, 1973. Under the Rockefeller drug laws, the penalty for selling or more of heroin, morphine, "raw or prepared opium", cocaine, or cannabis or possessing or more of the same substances, was a minimum of 15 years to life in prison, and a maximum of ...
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Mario Cuomo
Mario Matthew Cuomo (, ; June 15, 1932 – January 1, 2015) was an American lawyer and politician who served as the 52nd governor of New York for three terms, from 1983 to 1994. A member of the Democratic Party, Cuomo previously served as the lieutenant governor of New York from 1979 to 1982 and the secretary of State of New York from 1975 to 1978. He was the father of former New York governor Andrew Cuomo and former CNN news anchor Christopher Cuomo. Cuomo was known for his liberal views and public speeches, particularly his keynote speech address at the 1984 Democratic National Convention in which he sharply criticized the policies of the Reagan administration, saying, "Mr. President, you ought to know that this nation is more a '' Tale of Two Cities'' than it is just a shining ' city on a hill.'" He was widely considered a potential front-runner for the Democratic nomination for president in both 1988 and 1992, though he declined to seek the nomination in both insta ...
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