SolarCity is buying Silevo, which last fall announced plans to bring 475 jobs to the city under the Buffalo Billion Program. SolarCity is a much bigger operator and has plans to increase the planned manufacturing plant’s capacity five-fold, which would make it among the largest such facilities in the nation. More jobs are also anticipated, […]
Investigative Post editor Jim Heaney discusses the SolarCity deal, and the thinking behind the Buffalo Billion initiative, with WGRZ’s Danny Spewak in a 6 minute, 42 second interview taped Tuesday evening.
Demolition crews are in the home stretch of work to clear the northwest corner of Delaware Avenue and Chippewa Street for construction of new corporate headquarters for Delaware North. The project involves at least $10.6 million in tax breaks for the project developer, Uniland, and Delaware North, which will be the building’s primary tenant.
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.
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.
Corporate tax breaks and grants total $1.7 billion this year alone in New York State. That’s up three-fold since 2005. The ROI? Employment is down. A devastating analysis by David Cay Johnston for Tax Analysts.
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.