Jul 4
2012
City Hall a “high risk” recipient of federal aid
U.S. Department of Housing and Urban Development, weary of longtime mismanagement of aid, get tough in face of ineptitude.
Posted 12 years ago
Jul 4
2012
U.S. Department of Housing and Urban Development, weary of longtime mismanagement of aid, get tough in face of ineptitude.
Jul 4
2012
Federal housing officials are tightening the screws on City Hall over its chronic mismanagement of anti-poverty funds. A series of critical reports and audits have documented problems dating back to the Griffin-era, but meaningful sanctions to this point have been few and far between. But the U.S. Department of Housing and Urban Development is now moving on three fronts to force compliance from City Hall in how it spends about $18 million a year – three-quarters of it block grant aid that is the primary pool of money used to combat poverty in one of the nation’s poorest cities. HUD,[...]
Jul 1
2012
Amherst IDA director explains why his agency does what it does, often to the chagrin of its critics; discusses what we’re doing right and wrong to improve the regional economy; and recommends more of an emphasis on promoting entrepreneurs and making the area attractive to the “creative class.”
Jul 1
2012
Investigative Post Editor Jim Heaney interviewed Jim Allen, Executive Director of the Amherst Industrial Development Agency, on the state of the regional economy and some of the controversial projects that have been subsidized of late by local IDA’s. Allen, in the interview that aired on WGRZ’s Daybreak Sunday, said: The state is much better off focusing $1 billion in aid pledged by Gov. Andrew Cuomo to promote entrepreneurship and nurture a creative class in Western New York than on trying to lure manufacturers and other large companies to the region. The regional economy is more diversified and otherwise in better[...]
Jul 1
2012
Jun 28
2012
Esteemed magazine strikes a positive tone about economic fortunes of upstate’s two largest cities.
Jun 27
2012
Jun 27
2012
An investigation by Fortune magazine, not exactly a liberal bastion, concludes the controversy surrounding the so-called Fast and Furious scandal is “replete with distortions, errors, partial truths, and even some outright lies.”