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Archive for the ‘Business & Economy’ Category

New York Public Auto Auctions

Thursday, June 9th, 2011

New York is one of the premiere locations for auto auctions in the country. Auctions draw from the near-countless governmental agencies that exist in New York. They include cars, trucks, and SUV’s that have been seized from criminals, cars that are being taken out of service in police departments, and vehicles that have been repossessed due to failed loans or other debts. There are thousands of vehicles available throughout the state, and it is not difficult to find a public auto auction near your location. Vehicles found at public auction can serve a variety of purposes. There are a number of cars that are not in running order. However, they do provide an opportunity for re-servicing and resale or for the salvaging of parts. This has made it possible for New Yorkers as well as those from out-of-state to find a vehicle that serves their needs.

There are number of things you need to do before you enter into a public auto auction in New York. Once the auction begins it is easy, especially for first-timers, to get caught up in the action. You can quickly find yourself overpaying for a vehicle. That is why you should have a set price that you are willing to pay. When you are the highest bidder, you have to pay for the car, so don’t offer more than you can afford. It is also important for you to take a good look at the condition of the car or cars you are interested in. Most public auto auction New York sites offer a time when you can come in and look at the vehicles available. This will give you a clearer picture of what you are actually bidding on.

New York Green Building Initiative

Thursday, April 21st, 2011

The concept of green building isn’t particularly old and has arisen as a result of a better understanding of the impact of buildings on people and the environment. Ideally, green buildings are designed to use non-polluting energy, recyclable resources and systems that avoid health impacting elements. These buildings are extremely environmentally friendly, provide healthier environments for workers and decrease the heat and pollutant situations found in tightly packed structure and population areas such as New York City. While green building is a nice idea, our country is based on capitalist methods. If green building isn’t cost efficient, no developer is going to pursue it because doing so will give their competition a price advantage. This is where the New York Green Building Initiative comes in.

The Initiative addresses the cost impact of green building by creating financial incentives to promote the process. By going green, developers are given breaks through tax credits. The state is one of the first in the nation to provide such an incentive system, which is a major incentive. The advantage of tax credits over other incentives is they are incredibly useful in reducing tax liability. Unlike a tax deduction which comes off of gross revenues, tax credits are used to reduce the actual amount of tax owed. For instance, if is a developer owes $5 million in taxes and gets a $2 million dollar tax credit, it has to pay $3 million in taxes.

The New York Green Building Initiative offers developers tax credits of up to $2 million dollars for using green building techniques when building structures. The program is in place until 2014. The Initiative is run by the New York State Department of Environmental Conservation, which can provide you with more information on the program and the application process. The New York Green Building Initiative represents another step in the recognition of the impact our society has on the environment. By promoting better building practices with tax credits, New York is the model for promoting green building.

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