Tag: Economy

Oct 24

2013

State pursuing major jobs initiative for Buffalo

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The state has quietly launched a major initiative to develop a series of economic development hubs in Buffalo aimed at attracting medical, energy and technology companies that would generate thousands of good-paying jobs. The state recently issued a request for proposals seeking developers to construct two or three facilities in the city and partner with a handful of anchor tenants who would employ an estimated 1,500 to 2,000. Much like a shopping mall, these large tenants would attract small and mid-sized firms that would add to that employment base and build a critical mass in fields regarded as regional strengths. The[...]

Posted 9 years ago

Sep 11

2013

A rich, but tolerable development subsidy deal

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Anyone who has followed my work the past dozen years knows I am not a fan of economic development subsidies. And the deal announced Tuesday of a manufacturing plant involves a lot of public money – some $25.9 million over the next decade in grants, tax breaks and power discounts. That works out to nearly $151,000 per job, which ranks this as one of the region’s richest subsidy deals ever. It’s not the obscene $2.1 million per job subsidy awarded a few years back to Yahoo’s data center in Lockport. But it’s more than all but a handful of deals[...]

Posted 9 years ago

Aug 16

2013

Buffalo is not Denver. Darn.

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I spent three-and-a-half days in Denver recently while on vacation in Colorado, which is a beautiful state. I couldn’t have come away more impressed with the city. First, what’s there: An inviting, tree-lined downtown pedestrian mall that has block after block of stores, restaurants and people. A second thriving section of downtown, known as LoDo, anchored by a striking baseball stadium and a train station under restoration. (Imagine that.) An ample stock of historic buildings, many of them nifty brick structures. A light rail system that actually goes someplace. More than 200 parks, plus several municipal parks operated outside the[...]

Posted 9 years ago

Jul 11

2013

Critical look at Cuomo’s Start-Up NY

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David Cay Johnston, winner of the Pulitzer Prize and author of best selling books on tax and economic policy, is no fan of Gov. Andrew Cuomo’s Start-Up NY program. Or the governor, for that matter. “His new law undermines market economics and promotes corporate socialism, in which profits are privatized and costs are socialized,” Johnston writes in a piece for City Newspaper in Rochester. “Cuomo’s plan redistributes wealth upwards, showing that he is no Democrat in the traditional sense that Democrats care about working people,” Johnston wrote. “Rather, Cuomo is part of the growing cadre of politicians whose success depends on[...]

Posted 9 years ago

Jun 25

2013

Heaney on Billion To Buffalo

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Investigative Post agrees with Howard Zemsky that it’s going to take time to revitalize the region’s economy. But he finds claims made by Mayor Byron Brown to be “curious” and not supported by the facts.

Posted 9 years ago

May 4

2013

Q&A: Economist Craig Rogers

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Craig Rogers is an associate professor of economics at Canisius College. Beyond his academic credentials, he has a wealth of experience in urban economics thanks to his stints with the college’s Center for Entrepreneurship and  the Office of Urban Initiatives. Rogers, 47, is a native of Niagara Falls. He earned undergraduate degrees in economics and business administration from SUNY Brockport. Rogers earned a masters of business administration and doctorate in geography from the University at Buffalo. Investigative Post Editor Jim Heaney interviewed Rogers on April 22. A 4 minute, 29 second video clip featuring the highlights of that interview is posted above. The full[...]

Posted 9 years ago