Gov. Cuomo’s announcement of a $55 million state investment to attract IBM to downtown Buffalo is pricey, but less so than the two previous Buffalo Billion projects that have been rolled out, Investigative Post editor tells WGRZ.
Billionaire venture capitalist Vinod Khosla, who was the subject of a controversial 60 Minutes program that aired Sunday, is a chief investor in one of the two cleantech companies moving here under the Buffalo Billion program. Soraa, which makes LED lighting, lists Khosla Ventures as one of its three top investors. Khosla Ventures general partner Samir Kaul is a member of Soraa’s board […]
The tax breaks for the Yahoo data center in Lockport just keep coming. The Lockport IDA on Thursday granted the company a sales tax waiver on equipment purchases for the next 20 years. This is but the latest in tax breaks granted by IDA officials. A report from The Buffalo News.
Investigative Post editor tells Eileen Buckley on Press Pass that the clean energy initiative at Riverbend represents progress, but is not the panacea that project proponents are claiming. He also expressed concern that many subsidized projects, including planned Uniland-Delaware North building in downtown Buffalo, do little to build the region’s tax base.
An analysis by the influential rating service on the clean energy project recently announced by Gov. Andrew Cuomo concludes: “The long-term impact to the region may be limited … The clean technology industry is relatively volatile … and its ability to jumpstart a struggling post-industrial economy is untested.” A report from State of Politics.
Gov. Andrew Cuomo’s tax commission has determined that corporate tax breaks totaled $1.8 billion last year. “If you eliminated all the credits, you could cut business taxes enormously for everybody,” one official told the New York Daily News.
Those upset by the prospect of Delaware North Companies receiving public subsidies to move into new office space are 13 years and some $4 million too late. The company has been receiving public assistance since it moved into its present headquarters at Key Center in 2000. Sales and property tax breaks, some of which continue […]
Jim Heaney of Investigative Post, in the first of a two-part series, counts the many ways Delaware North Companies and Uniland Development would reap tax savings from their proposal to build an office building at Delaware Avenue and Chippewa street. The assorted tax breaks add up to $12 million to $15 million and go well […]