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New York Governor Andrew M. Cuomo announced a partnership between the New York Power Authority (NYPA) and the State University of New York (SUNY) to undertake energy efficiency measures at 10 SUNY campuses that will save the university system $3.5 million each year and contribute to cleaner communities.

According to the EDA, this investment helped the funded projects leverage more than $2.6 billion in additional public and private investments. It also supported the retention of more than 35,000 jobs, including some 5,200 that may have otherwise been relocated elsewhere.

The Energy Improvement Corporation (EIC), a New York State public benefit corporation now offers low-cost, long-term financing to commercially owned buildings undergoing energy efficiency and renewable energy upgrades.

In this interview, Daniel Effron, a tax partner at accounting firm Marcum LLP in New York City, discusses some of the opportunities created by the revamped GrowNJ program. While the revamped credit regime is unlikely to attract out-of-state businesses, he says it will likely spur economic development by extending the benefits to more businesses through lowering the eligibility thresholds and broadening the scope of eligible geographic locations.

Interested in bringing your organization to the forefront of hundreds of economic development finance professionals in the region? Consider sponsoring the CDFA New York/New Jersey Financing Roundtable in 2014.

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The Center for Neighborhood Technology put out this report on the growing effort among planners, real estate professionals, and economists to identify not only the economic benefits of alternative transportation modes in and of themselves, but also the impact that they have on housing prices and value retention. The real estate mantra of "location, location, location" is more important than ever.

This fund's purpose is to provide loans to businesses or governments investing in projects that retain or create significant numbers of private-sector jobs in economically distressed areas of the state within the area of the Port Authority of New York and New Jersey.

This methodology from Moody's describes the ratings agency's approach to evaluating the credit of Special Tax Bonds.

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