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N.Y. manufacturing index plunges back into negative territory

The benchmark index measuring manufacturing activity in New York state returned to negative territory in May. The Empire State Manufacturing Survey’s general business-conditions index plummeted 43 points in the fifth month of the year to -31.8 as business activity “declined significantly,” according to a May 15 report from the Federal Reserve Bank of New York.

Hochul announces the 13th round of the regional economic-development council initiative

ALBANY, N.Y. — New York State has started the 13th round of the regional economic development council (REDC) initiative. This round includes core capital grant

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