Jul 27
2018
Editor Jim Heaney discusses a recent story by Charlotte Keith on the failure of the AMRI project to spin off the jobs promised by state officials. During his interview with Susan Arbetter of The Capitol Pressroom he also touches on the guilty verdicts in the corruption trial involving the Buffalo Billon and reforms in the state’s economic development programs.
Jul 23
2018
It was one of the first Buffalo Billion projects announced: a $50 million state investment in drug discovery company Albany Molecular Research Inc. which, Gov. Cuomo promised, would yield almost 200 spinoff jobs. Five years on, there’s little evidence those jobs have materialized. AMRI was responsible for creating only 55 jobs, a goal the company met earlier this year. The partner companies whose jobs the state had been counting towards the project’s overall goal of 25o jobs appear to employ only a few dozen people, rather than the 195 anticipated. And only a handful of those jobs seem to be directly[...]
May 12
2017
The good news: Buffalo Niagara is adding jobs at a faster clip than it has in a long time, albeit at a slower pace than the nation as a whole. The bad news: three-quarters of these new jobs are in sectors that generally don’t pay well. The biggest job creator across the region is restaurants and bars. The problems don’t end there: There’s been precious little growth in middle-income jobs and the region is actually losing technology jobs that tend to pay well and spin off a lot of business activity. Experts say the biggest economic challenge facing the region[...]
May 11
2017
To hear Gov. Andrew Cuomo tell it, the Western New York economy is a “national success story.” Indeed, there has been improvement during his six years in office, including the addition of 29,500 jobs and a drop in the unemployment rate. But while Buffalo Niagara is faring well against its sorry history, the region’s recovery is modest by national standards, an Investigative Post analysis found. Its job growth during the Cuomo years is one-half to one-quarter the national average, depending on which statistics you use. And half the drop in the unemployment rate can be attributed to a shrinking workforce,[...]
Mar 30
2017
Continuing a discussion that started Tuesday on Capitol Pressroom, Jim Heaney and Susan Arbetter discuss the “State of Subsidies” series published this week by Investigative Post in partnership with ProPublica and the Columbia University Graduate School of Journalism.
Mar 29
2017
This is the final part of a series that began Sunday. The full lineup of stories, columns and radio interviews can be found here » State and local economic development agencies in New York give away billions of dollars in subsidies to businesses every year but do little to assess what taxpayers are getting for their money. “What politician doesn’t want to stand there with a shovel in their hand and a hard hat on their head to announce new jobs coming to their district?” said Ron Deutsch, executive director of the Fiscal Policy Institute, a labor-backed think tank. “The[...]
Mar 29
2017
This is the third part of a series that began Sunday. The full lineup of stories, columns and radio interviews can be found here » Craig Bernier had only been bagging grain at Harbor Point Minerals in Utica for a few months when the company started sending him inside its silos to “walk down” the grain to help it flow to the bottom. Bernier, 24, was claustrophobic and hated being in the dark, closed structure, but Harbor Point told him he would have to go back in, his father said. “He told his mother, ‘I don’t want to go to[...]
Mar 28
2017
Susan Arbetter of The Capitol Pressroom interviews Jim Heaney on the “State of Subsidies” series being published this week by Investigative Post and select newspapers across the state. They were joined partway through the interview by E.J. McMahon, research director of the Empire Center for Public Policy, and Ron Deutsch, executive director of the Fiscal Policy Institute.