Subsidy Sheet: NYS not doing much to make “Green” CHIPS green

August 11, 2023

Despite providing up to $5.5 billion in handouts, New York State isn’t doing much to ensure “Green” CHIPS are actually green, says the Times Union Editorial Board. They point to a provision letting companies that don’t hit annual emissions targets “pay their way out of it” by donating to a nonprofit to make up the difference. We’ve written before about how Green CHIPS are another form of greenwashing.

In other chip news, NYT has a big story on Senator Chuck Schumer’s role in getting chip fabs to invest in New York.

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Amazon has been slow to build its new Niagara warehouse despite receiving $123 million in tax breaks, the sixth most of any Amazon warehouse in the US (Investigative Post). On Wednesday, the Niagara County IDA gave Amazon a six-month extension to get to work. Buffalo News writes that Amazon has finally purchased the plot of land on which the warehouse will be built.

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The Daily Gazette called for the state to reform Empire State Development, citing our new report, “Open ESD.”

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