New York Related News

New York Related News

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New York State Governor | Governor Hochul and Majority Leader Schumer Announce Significant Progress Towards Edwards Vacuum’s $319 Million Semiconductor Supply Chain Facility in Genesee County

Majority Leader Charles Schumer and Empire State Development President, CEO & Commissioner Hope Knight Joined Edwards Vacuum Officials on Tour of Construction Site of Major Semiconductor Supplier at the Western New York Science & Technology Advanced Manufacturing Park, Global Manufacturer of Dry Pumps Will Strengthen New York’s Semiconductor Supply Chain, Create up to 600 Jobs in the Finger Lakes Region, Project Complements “Finger Lakes Forward” – The Region’s Comprehensive Strategy To Revitalize Communities and Grow the Economy. Construction Site Photos...
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New York State Governor | Governor Hochul Announces Additional $200 Million Environmental Bond Act Funding Now Available for Zero-Emission School Buses

New York School Bus Incentive Program Makes Clean Buses and Charging Infrastructure More Affordable for Public Schools, Helps Improve Air Quality and Reduce Transportation Pollution in Local Communities and Across the State. Governor Kathy Hochul today announced that an additional $200 million is now available to school districts and bus operators for zero-emission school buses through the second installment of funding from the historic $4.2 billion Clean Water, Clean Air, and Green Jobs Environmental Bond Act (Bond Act). The funding,...
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New York State Governor | Governor Hochul Announces Upcoming Convening of Global Experts to Discuss Expanding Clean Energy in New York’s Growing Economy

Summit Will Gather Feedback on Strategies to Accelerate Renewable Energy Deployment and Explore the Potential Role of Next Generation Clean Energy Technologies, supports Advancement of Clean Energy, Economic Growth and Workforce Opportunities for New York while Bringing Benefits to Disadvantaged Communities, builds on Governor Hochul's Unprecedented Investments and Actions to Scale Renewable Energy and Achieve New York's Clean and Renewable Energy Targets. Governor Kathy Hochul today announced New York State will convene global experts to discuss the role of next...
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New York State Governor | Governor Hochul Announces Start of Construction on New York’s Largest Offshore Wind Project

924-Megawatt Sunrise Wind to Power Approximately 600,000 Homes Once Completed in 2026 New York’s Fifth Offshore Wind Solicitation Now Open with Proposals Due September 9 Governor Hochul today announced the start of construction on New York’s largest offshore wind project, Sunrise Wind, a 924-megawatt project developed by Ørsted. Once completed, the project will provide enough clean energy to power approximately 600,000 New York homes. Building on New York’s 10-Point Action Plan, the Governor also announced the issuance of New York’s fifth offshore...
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New York State Governor | Governor Hochul Celebrates $40 Million U.S. Department of Commerce Grant to Boost New York’s Growing Semiconductor Sector

Federal Regional Technology and Innovation Hubs Grant Will Support Semiconductor Research, Manufacturing, and Workforce Development Along NY SMART I-Corridor Encompassing Buffalo, Syracuse and Rochester Unlocks Additional $8 Million in State Funding To Grow New York’s Semiconductor Industry Builds on Governor Hochul’s Commitment to Building 21st Century Economy in New York State; Continuing State's Transformation From Rust Belt to Innovation Belt Governor Kathy Hochul today announced that the U.S. Department of Commerce has awarded a phase two Regional Technology and Innovation Hubs (Tech...
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New York State Governor | Governor Hochul and Mayor Adams Announce Start of Construction on Transformation of South Brooklyn Marine Terminal Into Nation’s Largest Offshore Wind Hub

Governor Kathy Hochul, New York City Mayor Eric Adams, and Equinor Wind US President Molly Morris today announced the start of construction on what will be the nation’s largest dedicated offshore wind port at the South Brooklyn Marine Terminal (SBMT). The project will accelerate the clean energy transition, advance progress toward the state’s Climate Leadership and Community Protection Act (CLCPA) goal to develop 9,000 megawatts of offshore wind by 2035, and create more than 1,000 construction jobs. “We are taking...
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Troutman Pepper | New York LLC Transparency Act Enacted … Again

On March 1, New York Governor Kathy Hochul signed a new version of the New York LLC Transparency Act (NYLTA) into law, repealing the original version enacted in December 2023. The new NYLTA pushes back the law’s effective date to January 1, 2026 (from January 1, 2025). The NYLTA’s application is the same — namely that all limited liability companies (LLCs) formed under New York law, or formed outside of New York that are seeking authorization to do business in...
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Reavis Page Jump | Recent New York Law Requires Public Registration of LLC Owners Which Takes Effect Later This Year

The new federal Corporate Transparency Act (CTA) has been in effect for the past few months.  A three-part series which was previously published on this website reviewed the many provisions of this law.  In short, the CTA was enacted in order to combat fraud, money laundering, tax evasion, organized crime and other activities which were perpetrated through the use of shell companies, such as LLCs and similar small business entities.  Failure to comply with the law can result in...

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