Developers to learn details of contest for state money

Business executives and real estate developers are expected to learn details Wednesday of the competitive process New York State will use to award about $1 billion in state tax credits and grants later this year.

The contest, in its second year, will be discussed at a meeting of the Long Island Regional Economic Development Council from 3:30 to 5:30 p.m. at the Feinstein Institute for Medical Research in Manhasset.

The meeting is open to the public. Long Island won $101.6 million in last year’s competition.