Albany s port suddenly at the center of things
From steel shipments to wind energy, it s role is growing
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1of3Buy PhotoA new warehouse at the Port of Albany is nearing completion on Tuesday, Feb. 23, 2021, in Albany, N.Y. The port is undergoing an expansion as it prepares for an off-shore wind turbine assembly project. (Will Waldron/Times Union)Will Waldron/Albany Times UnionShow MoreShow Less
2of3Equionor, out of Norway, would locate an offshore wind turbine tower assembly site at the Port of Albany s planned southward expansion.EquinorShow MoreShow Less
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ALBANY The Port of Albany expects its latest addition, a 60,000-square-foot warehouse, to be completed next week, Port General Manager Richard Hendrick said Tuesday. It s the latest in a series of projects to expand capabilities at the port on the Hudson River.
Gizmochina
Global brand Samsung Electronics is considering Austin, Texas, as one of the sites for a new $17 billion chip plant that could create up to 1,800 jobs. This is according to documents filed with Texas state authorities. With the proposal, Samsung is seeking combined tax breaks of $805.5 million spread over 20 years from Travis County and the city of Austin, according to the papers filed.
Samsung said in its filings that if Austin is selected, the company would have begun construction work on the site by the middle of the year and that the plant will begin operations by Q3 of 2023.
Samsung says the project is highly competitive, and the company is looking at alternative locations both in the US and South Korea. Some other sites in the US include Arizona and New York. The company further states that it is taking into account access to talent, chip ecosystem, and speed to market in its evaluation of the various sites.
By: Jennifer Korn
On Friday, Jan. 19, Congressman Mondaire Jones (D) took a big step toward fulfilling one of his campaign promises. Jones introduced the SALT Deductibility Act, a bill that would provide tax relief for Rockland and Westchester families and remove former president Donald Trump’s $10,000 cap on the State and Local Tax (SALT) Deduction.
“Donald Trump cut taxes for billionaires and big corporations and paid for it on the backs of hardworking families in Westchester and Rockland Counties, where we pay the highest property taxes in the entire nation,” said Jones. “That must change. Restoring the SALT deduction is a necessary first step to creating an equitable tax system – one where we put money back in the pockets of working people.”
U.S. Senate Majority Leader Charles Schumer said he informed Democratic senators Tuesday that a vote on a budget resolution, a possible first step toward passing another round of coronavirus relief using a procedural tool called "reconciliation," could come as early as next.