Tag: Economy

Aug 5

2024

DOT plays gotcha on the Scajaquada Expressway

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The Scajaquada Expressway isn’t a toll road. Not technically.  But the state Department of Transportation has turned it into a moneymaker by surreptitiously installing speed detection cameras under the guise that a stretch of the roadway is a construction zone. As a result, DOT has been issuing a lot of speeding tickets – in the thousands, by the department’s own admission – to motorists. WKBW first reported on the situation, here and here, followed by The Buffalo News.  As The News reported: Patrick Freeman, a retired police officer who spent 30 years on SUNY Buffalo State University’s force, has filed[...]

Posted 1 month ago

Jul 31

2024

Rural IDA leader highest paid in New York

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Steven G. Hyde retires effective Aug. 1. Photo by I’Jaz Ja’ciel. When he steps aside tomorrow, Steven G. Hyde — a Genesee County official — will retire as the highest-paid economic development leader in the public sector in New York. His $274,898 salary as president and CEO of the Genesee County Economic Development Center was nearly $25,000 more than Gov. Kathy Hochul’s 2023 salary. It was also more than every other industrial development agency leader in the state. To wit: His counterpart in New York City earned $243,500 in 2023. His counterpart in Erie County made $205,000. His counterparts at[...]

Posted 2 months ago

Jul 24

2024

A changing of the guard for STAMP

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Mark Masse, incoming president of the Genesee County Economic Development Center. Illustration by Garrett Looker. Effective August 1, Mark Masse will take over as president and CEO of the Genesee County Economic Development Center — the public agency building the STAMP industrial park. Hailing from Genesee County, Masse earned a public accounting degree from Nazareth University and has worked for the IDA since 2010 as its vice president of operations. He takes over for Steven Hyde, the longtime president and CEO who initiated STAMP’s development. He’ll earn a salary of $185,000 and manage an agency with a $10.5 million budget.[...]

Posted 2 months ago

Jul 23

2024

STAMP struggling to fill rural industrial park

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Two companies are backing away from plans to move into the sprawling Science, Technology and Advanced Manufacturing Park in Genesee County, Investigative Post has learned. Scannell Properties, a multinational builder, will no longer construct three large warehouse-like buildings at the industrial park, according to a June email from the Genesee County Economic Development Center, the industrial development agency building STAMP. In addition, an unnamed company — whose proposed development was called “Project Emporium” — will no longer construct a campus of buildings, including large data centers and office buildings. Scannell Properties had signed a “right of first refusal” contract for[...]

Posted 2 months ago

Jul 16

2024

New York’s generous subsidies to Amazon

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The future site of an Amazon distribution center in Niagara County. Photo by Garrett Looker. New York in recent years has awarded so many tax breaks and subsidies to Amazon that it now ranks as one of the top states in the nation for doling out assistance to the $2 trillion company. The state’s more than $700 million in total subsidies to Amazon ranks it fourth in the country, according to a new data analysis by SwitchOnBusiness, a consulting firm. Only Oregon, Virginia and Illinois have given the e-commerce giant more. The consulting firm gathered its information from Good Jobs[...]

Posted 2 months ago

Jul 15

2024

Buffalo’s ever-present hole in the ground

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You could have read this, and more, yesterday if you subscribed to our newsletters. Doing so is just a click away. Perhaps nothing symbolizes the inertia that holds Buffalo back more than the site of the now demolished Memorial Auditorium. Portions have been redeveloped, most notably Explore & More, but much of the property remains a hole in the ground – literally – 15 years after the Aud was demolished. The inaction has been under the watch of the Erie Canal Harbor Development Corp., a state agency, and Mayor Byron Brown. The lack of action was in the news last[...]

Posted 2 months ago

Jun 27

2024

Hochul, Schumer pressured regulators over STAMP

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Editor’s note: This is the first of a two-part package. Our second story is here. In the drive to build a massive industrial park in rural Genesee County, the offices of Gov. Kathy Hochul and U.S. Sen. Chuck Schumer pressured regulators to issue approvals for the project that ran afoul of environmental laws and policies, ignoring an indigenous nation’s legal rights along the way. Investigative Post found that: Aides to Hochul pushed top officials at the state Department of Environmental Conservation to work more quickly. Schumer aides intervened with the U.S. Fish and Wildlife Service. And a string of state[...]

Posted 3 months ago

Jun 12

2024

A mixed bag on IDA reform in Albany

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New York State Sen. Sean Ryan.  The push to reform New York’s industrial development agencies gained significant momentum this year, but not enough to net a serious win for the coalition of labor unions, teachers and good government groups backing the effort. Smaller measures, however, did make it over the finish line, including one expanding representation on IDA boards and another increasing transparency over agency projects. “The momentum is building and we’re going to continue to build that momentum,” said state Sen. Sean Ryan of Buffalo. “But the community itself is building it.” IDAs, of which there are 107 across[...]

Posted 3 months ago
Investigative Post