Empire State Development Corporation
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Empire State 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 Division of Commerce was created in 1941 and incorporated several state bureaus and the Bureau of Industry. It was replaced in 1944 by the Department of Commerce. The New York State Urban Development Corporation (UDC) was created in 1968 by the New York State Urban Development Corporation Act. On August 31, 1987, the Omnibus Economic Development ...
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New York (state)
New York, also called New York State, is a U.S. state, state in the northeastern United States. Bordered by New England to the east, Canada to the north, and Pennsylvania and New Jersey to the south, its territory extends into both the Atlantic Ocean and the Great Lakes. New York is the List of U.S. states and territories by population, fourth-most populous state in the United States, with nearly 20 million residents, and the List of U.S. states and territories by area, 27th-largest state by area, with a total area of . New York has Geography of New York (state), a varied geography. The southeastern part of the state, known as Downstate New York, Downstate, encompasses New York City, the List of U.S. cities by population, most populous city in the United States; Long Island, with approximately 40% of the state's population, the nation's most populous island; and the cities, suburbs, and wealthy enclaves of the lower Hudson Valley. These areas are the center of the expansive New ...
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Roosevelt Island
Roosevelt Island is an island in New York City's East River, within the Borough (New York City), borough of Manhattan. It lies between Manhattan Island to the west, and the borough of Queens, on Long Island, to the east. It is about long, with an area of , and had a population of 11,722 as of the 2020 United States census. It consists of two largely residential communities: Northtown and Southtown. Roosevelt Island is owned by the city but was leased to the New York State Urban Development Corporation (UDC) for 99 years in 1969. The island was called by the Lenape and (Hog Island) by the New Netherlander, Dutch during the colonial era and later Blackwells Island. During much of the 19th and 20th centuries, the island was used by hospitals and prisons, with very limited access. It was renamed Welfare Island in 1921. Following several proposals to redevelop Welfare Island in the 1960s, the UDC leased the island, renamed it after former U.S. president Franklin D. Roosevelt in 1 ...
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Buffalo, New York
Buffalo is a Administrative divisions of New York (state), city in the U.S. state of New York (state), New York and county seat of Erie County, New York, Erie County. It lies in Western New York at the eastern end of Lake Erie, at the head of the Niagara River on the Canada–United States border, Canadian border. With a population of 278,349 according to the 2020 census, Buffalo is the List of municipalities in New York, second-most populous city in New York State after New York City, and the List of United States cities by population, 82nd-most populous city in the U.S. Buffalo is the primary city of the Buffalo–Niagara Falls metropolitan area, which had an estimated population of 1.1 million in 2020, making it the List of metropolitan statistical areas, 49th-largest metro area in the U.S. Before the 17th century, the region was inhabited by nomadic Paleo-Indians who were succeeded by the Neutral Confederacy, Neutral, Erie people, Erie, and Iroquois nations. In the early 1 ...
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Eliot Spitzer
Eliot Laurence Spitzer (born June 10, 1959) is an American politician and attorney who served as the 54th governor of New York from 2007 until his resignation in 2008 after a prostitution scandal. A member of the Democratic Party, he was also the 63rd attorney general of New York from 1999 to 2006. Born in the Bronx, Spitzer attended Princeton University and earned his Juris Doctor degree from Harvard Law School. 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. Spitzer defeated Republican incumbent Dennis Vacco in 1998 to become state attorney general, earning a reputation as the "Sheriff of Wall Street" for his efforts to curb corruption in the financial services industry. He 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 prostitutio ...
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Alan Hevesi
Alan George Hevesi (January 31, 1940 – November 9, 2023) was a convicted felon and American politician 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 resigned as Comptroller 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. Four years later, Hevesi 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. Personal life Alan George Hevesi was born in Manhattan on January 31, 1940, and grew up in Forest Hills, Queens, where he primarily resided for the rest of his life. His parents were Jewish immigrants who left ...
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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 Emergency 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 governme ...
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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 that are part of the World Trade Center complex, in New York City, created for remembering the September 11 attacks in 2001 which killed 2,977 people, as well as the February 26, 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 to 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 City and San Francisco–base ...
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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 corporations, New York state public-benefit corporation. History The Lower Manhattan Development Corporation was formed in November 2001 by then-Governor of New York, Governor George Pataki and then-Mayor of New York City, Mayor Rudolph Giuliani. The LMDC is a joint venture, 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 ...
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September 11, 2001 Attacks
The September 11 attacks, also known as 9/11, were four coordinated Islamist terrorist suicide attacks by al-Qaeda against the United States in 2001. Nineteen terrorists hijacked four commercial airliners, crashing the first two into the Twin Towers of the World Trade Center in New York City and the third into the Pentagon (headquarters of the U.S. Department of Defense) in Arlington County, Virginia. The fourth plane crashed in a rural Pennsylvania field during a passenger revolt. The attacks killed 2,977 people, making it the deadliest terrorist attack in history. In response to the attacks, the United States waged the global war on terror over multiple decades to eliminate hostile groups deemed terrorist organizations, as well as the foreign governments purported to support them. Ringleader Mohamed Atta flew American Airlines Flight 11 into the North Tower of the World Trade Center complex at 8:46 a.m. Seventeen minutes later at 9:03 a.m., United Airlines Fli ...
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George Pataki
George Elmer Pataki (; born June 24, 1945) is an American politician who served as the 53rd governor of New York from 1995 to 2006. He previously served in the State Legislature from 1985 to 1994, and as the mayor of Peekskill from 1981 to 1984. Pataki was the third Republican since 1923 to win New York's governorship, after Thomas E. Dewey and Nelson Rockefeller, and is the most recent one to do so. 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 and Mary Donohue (his second Lt. Governor) are the last Republicans elected to statewide office in New York, although Republicans Joseph Bruno and Dean Skelos each briefly served as acting Lieutenant Governor in 2008. Pataki announced his candidacy ...
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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 (United States), Democratic Party, Cuomo previously served as the lieutenant governor of New York from 1979 to 1982 and the secretary of State of New York, secretary of state of New York from 1975 to 1978. He was the father of former New York governor Andrew Cuomo and NewsNation News presenter, anchor Christopher Cuomo. Cuomo was known for his Modern liberalism in the United States, liberal views and public speeches, particularly A Tale of Two Cities (speech), his keynote speech address at the 1984 Democratic National Convention in which he sharply criticized the policies of the Ronald Reagan, Reagan administration, saying, "Mr. President, you ought to know that this nation is more a ''A Tale of Two Cities, Tale of Two Cities'' than it is just a shining 'city upon a ...
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