351 Search Results for buffalo billion

Jun 23

2021

More bad news on Buffalo Billion project

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Updated at 2:15 p.m. At least 84, and perhaps as many as 175 employees assigned to downtown office space paid for with $55 million in Buffalo Billion funds have been told they’re losing their jobs. The funding was used to recruit IBM to establish a high-tech hub at Key Center that would employ 500 software engineers and other highly paid workers. IBM has not followed through on that pledge, employing a small but undetermined number of workers  at the site.  Instead, a portion of the space has been sublet to two call center operations. As previously reported by Investigative Post,[...]

Posted 1 year ago

Feb 11

2021

Another Buffalo Billion boondoggle

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Economic development officials in Genesee County have spent more than $26 million on a massive industrial park in an “if you build it, they will come” gambit. So far, no one has come. The Genesee County Center for Economic Development not only doesn’t have any business deals to show for its decade of work, the industrial park consists of little more than empty fields.  There’s no infrastructure, aside from a six-tenths-of-a-mile road. No water service. No sewer lines. No electricity. No telecommunications. The agency has nevertheless managed to spend $26.8 million dollars, including some $13 million in Buffalo Billion funds.[...]

Posted 2 years ago

Aug 23

2020

Buffalo Billion audit: shock and ugh

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The audit released Friday by state Comptroller Thomas DiNapoli told us a lot of things we already knew or strongly suspected: the Cuomo administration failed to assess the value of high-tech projects like the Tesla plant in South Buffalo both before and after the investment of tax dollars, and largely kept the public and press in the dark in between. But the audit added a lot of detail and included some new eye-popping findings, two in particular: The Tesla project fell way short — way, way short, actually — of the state’s desired return on investment. The audit said Empire[...]

Posted 2 years ago

Mar 17

2020

Heaney talks Buffalo Billion on ‘Pressroom

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Jim Heaney and David Lombardo discuss problems with the IBM and Tesla projects in an interview broadcast Tuesday on The Capitol Pressroom. The program is heard on some 20 public radio stations across the state, including WBFO, where it airs weekdays at 8 p.m.  

Posted 3 years ago

Mar 5

2020

Buffalo Billion: $50 million of waste

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Fifty million dollars is a lot of money. To most of us, anyway. Andrew Cuomo, not so much. At a time the state is grappling with a deficit you can count in the B as in Billions, taxpayers have been greeted with the news that Tesla’s plant in South Buffalo has scrapped some $50 million of equipment purchased with state tax dollars. It turns out Tesla didn’t need the equipment after all, what with its constantly changing plans to produce solar power products at the plant. Steve Brown of WGRZ broke the story last week — not that you would[...]

Posted 3 years ago

Dec 10

2019

Buffalo Billion felon: Wired and hired

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 Republicans on the Niagara County Legislature voted Tuesday to hire a felon involved in the Buffalo Billion scandal to serve as the county’s spokesperson. In a partisan 8-5 vote, the Legislature approved the hiring of Kevin Schuler, a politically wired executive at LPCiminelli until he pleaded guilty in May 2018 to two felony charges involving the fixing of a bid to manage the construction of the $750 million Tesla plant in South Buffalo. Schuler will serve as the county’s public information officer and earn $79,003, an increase of nearly $10,000 from the job’s 2019 salary. The job entails handling[...]

Posted 3 years ago

Dec 6

2019

Buffalo Billion felon candidate for county job

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 A felon who played a central role in the Buffalo Billion scandal is now a finalist to land a job as the public face of Niagara County government. Kevin Schuler is one of two candidates county legislators are scheduled to interview Monday for the job of public information officer, who acts as spokesman for county government and fields media requests. The county’s 2020 budget proposes the PIO job pay $79,003 a year. The new salary amounts to a nearly $10,000 raise. Schuler was the longtime political fixer for Louis Ciminelli, a prominent developer and influential Republican until his fall[...]

Posted 3 years ago

May 16

2019

Another Buffalo Billion project is struggling

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There were supposed to be almost 500 jobs created by now. Instead, there are just 51. An ambitious economic development project at the University of Buffalo, intended to bolster the region’s biotech sector and create high-tech jobs, is years behind its original schedule and coming up short on its hiring goals. The Buffalo Institute for Genomics and Data Analytics, funded with almost $50 million in state grants as part of the Buffalo Billion initiative, was launched five years ago and remains a work in progress. The project was originally supposed to create 490 jobs by January of this year. That[...]

Posted 4 years ago