Tag: Economy

Apr 30

2024

IDAs have ‘perverse incentive’ to issue tax breaks

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The Erie County IDA earns a majority of its revenue from fees generated by approving subsidy deals. Photo by Garrett Looker. No wonder industrial development agencies across New York State dole out so many tax breaks, watchdog groups say: The more IDAs issue, the more money they make for themselves. That system creates a “perverse incentive,” the groups claim in a new report. “It just creates this horrible incentive where the IDA isn’t working for the public anymore, it’s working for its own self interest,” said Anya Gizis, a researcher at Good Jobs First and one of the report’s authors.[...]

Posted 2 weeks ago

Apr 25

2024

Feds revoke major permit for STAMP industrial park

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Three spills of drilling fluid into protected wetlands contributed to revocation of permit. The U.S. Fish and Wildlife Service has dealt a major blow to the developers of a massive industrial park in rural Genesee County, notifying them this week that the agency would revoke a key permit needed to construct the park’s wastewater pipeline. That pipeline in recent months has emerged as one of the most controversial components of the 1,250-acre Science, Technology and Advanced Manufacturing Park — STAMP — one of the largest industrial parks under construction in New York. It’s so far generated two lawsuits and its[...]

Posted 2 weeks ago

Apr 10

2024

Tesla using Chinese solar panels on Buffalo plant

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  The Tesla factory in South Buffalo, built to manufacture solar panels, today uses solar panels on its roof made by a competitor in China. That’s a fact state officials have reluctantly confirmed in response to a Freedom of Information request submitted by Investigative Post. Officials initially refused, claiming the identity of the manufacturer was a “trade secret,” but relented after an appeal filed under the FOI Law. Tesla has covered about one-third of the factory’s roof with panels manufactured by LONGi Green Energy Technology, a Chinese firm and one of the world’s largest manufacturers of solar modules. It plans[...]

Posted 1 month ago

Apr 2

2024

Roundup of Buffalo Bills stadium coverage

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Image courtesy of WGRZ. Now seems like a good time to review our reporting on the Bills’ new $1.7 billion stadium, slated to open in 2026. Most of the following stories were reported by J. Dale Shoemaker and Mark Scheer.  Taxpayer subsidies: Subsidies will top $1 billion between construction and maintenance and go well beyond what New York State typically spends on stadiums and arenas or what taxpayers spend in most other states. The lease will not provide Erie County taxpayers with any relief for maintenance and other ongoing stadium costs.  Economic impact: Stadiums typically generate little new economic activity,[...]

Posted 1 month ago

Mar 20

2024

Is Tesla using a rival’s solar panels?

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Solar panels on the Tesla factory roof. Video via WGRZ. What’s the big secret? Tesla has installed solar panels on about one-third of the roof of its plant in South Buffalo, with plans to cover the rest by the end of the year. This is not surprising. The plant, after all, was built to manufacture parts for solar panels. But one thing doesn’t add up: The solar panels on the factory roof don’t look like the solar products Tesla sells.  Most notably, Tesla advertises its products as lacking the white grid lines seen on most solar panels.  The panels on[...]

Posted 2 months ago

Mar 7

2024

Judge rules in favor of industrial park construction

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The Orleans County County Courthouse in Albion. A judge Thursday tossed out a lawsuit that threatened continued development of a massive industrial park in rural Genesee County. Orleans County had sued in an effort to halt construction of a sewage transmission line through its jurisdiction that would route wastewater from the STAMP industrial park into Oak Orchard Creek. Orleans officials contend the wastewater would pollute the creek and potentially damage the county’s fishing industry.   State Supreme Court Judge Frank Caruso dismissed the case on procedural grounds. He ruled Orleans County waited too long to file suit. The case pitted neighbor[...]

Posted 2 months ago

Feb 15

2024

Workers protest loophole in state wage law

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  With the first glints of sun coming up over Kenmore Avenue, slowly burning off the morning’s 22-degree freeze, several dozen construction union members rallied Wednesday in protest of developer Michael Wopperer, hoping to highlight loopholes in New York’s prevailing wage law. Wopperer, the tradesmen and organizers said, had amassed some $17 million in public subsidies for his $23 million renovation of the former Wood & Brooks factory just across the road, yet will not be required to pay prevailing wage to the workers he’s employing on the project.  Wopperer told Investigative Post he’s employing some union workers on the[...]

Posted 3 months ago

Feb 2

2024

Unions, lawmakers renew push for IDA reform

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Union officials, lawmakers and good-government groups gathered in Albany this week to announce a renewed push for industrial development agency reform. Photo by Arabella Saunders, New York Focus. A version of this story was first published by New York Focus, a nonprofit news publication investigating power in New York. Sign up for their newsletter here. The fight to curb tax breaks issued by industrial development agencies has a powerful new ally: labor unions. Good government groups, legislators, a local development authority board member and their latest allies from the statewide teachers union and the AFL-CIO gathered in Albany Wednesday to urge the[...]

Posted 3 months ago
Investigative Post

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