Tag: Buffalo Billion

Nov 28

2022

Monday Morning Read

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The felony convictions of Louis Ciminelli and Alain Kaloyeros will be reconsidered by the Supreme Court this week, as reported yesterday by Jerry Zremski of The Buffalo News. Their lawyers will argue that prosecutors went too far in their application of federal fraud and bribery statutes.  Regardless of the technical merits, this much is clear: Ciminelli’s company, in league with Kaloyeros, played dirty in the drafting of bid specifications to develop Tesla’s solar panel manufacturing plant in South Buffalo. As I reported in 2014, the original bid documents required bidders to have been in the development business in Buffalo for[...]

Posted 6 days ago

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

Jun 5

2021

State relents, releases Tesla jobs report

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After several days of delay, the Cuomo administration has released an annual employment report filed by Tesla under the terms of the $950 million public investment in the company’s solar panel production facility in South Buffalo. Empire State Development Corp., which had denied several requests for a copy of the document from Investigative Post, responded Friday to an appeal filed following a denial of an earlier Freedom of Information Law request for the report that Tesla is required to file by May 31 of each year.  ESD, which earlier this week issued a statement on the company’s job creation numbers[...]

Posted 1 year ago

Jun 2

2021

State withholding details on Tesla jobs

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The Cuomo administration is refusing to release a new report on the number of people employed at the Tesla plant built with $950 million in taxpayer funds in South Buffalo.  The Empire State Development Corp. says the report, due by May 31, was submitted, but the agency has refused to release it to Investigative Post.  Instead, ESD issued a statement indicating that Tesla now has 1,000 workers at the Gigafactory in Buffalo — 460 short of the total the company promised to create under its original agreement with the state. According to ESD, Tesla currently employs 1,600 people statewide, although[...]

Posted 2 years ago

Mar 17

2021

The mother of all subsidy deals

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At a cost of $4 million per job, the subsidy deal designed to bring the first tenant to a vacant industrial park in rural Genesee County would be the richest in Western New York history.  Plug Power is in line for an estimated $269.5 million in tax breaks and power discounts in exchange for building a plant that would create 68 jobs.  The cost per job dwarfs other local subsidy deals. Subsidies for a data center built nearly a decade ago in Lockport worked out to more than $2 million a job. Government money invested in the Tesla solar plant[...]

Posted 2 years ago

Feb 12

2021

Scheer discusses Samsung project on WBEN

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Mark Scheer reported this week that Samsung is unlikely to build a plant in Western New York and the proposed location is a remote industrial park in Genesee County that lacks basic infrastructure. Mark spoke Friday with Susan Rose on NewsRadio 930WBEN.  

Posted 2 years 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

Feb 10

2021

Samsung to WNY? Unlikely.

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Samsung has economic development officials — and Sen. Chuck Schumer — dreaming big. The semiconductor giant has plans to build a $17 billion plant that would employ 1,800 and says it is considering five locations in the United States, including an undeveloped industrial park in Genesee County. Schumer has spoken directly with Samsung officials and offered federal assistance to entice Samsung to Western New York. Economic officials in Buffalo and Rochester stand ready to make their case, if they haven’t already. It seems unlikely that Samsung is coming, however.  In addition to Western New York, Samsung is weighing two sites[...]

Posted 2 years ago