NY gov: $1B to Buffalo as part of jobs program (AP)

ALBANY, N.Y. ? 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.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20120104/ap_on_bi_ge/us_ny_state_of_state_jobs_new_york

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