Tag: Buffalo Billion

Dec 6

2017

LPCiminelli scaling back operations

Published by

LPCiminelli, the embattled construction firm reeling from the indictment of three of its executives, is shuttering half its business. The company is selling off its heavy construction equipment at an auction next week in anticipation of closing its general contracting arm. Rather than building facilities, LPCiminelli will focus on development and construction management. Subscribe to our weekly newsletter delivered Sundays to your inbox. The company has been under siege for three years, since Investigative Post exposed what federal investigators later determined was corruption in the state’s awarding of a contract to LPCiminelli to develop the Tesla solar panel manufacturing plant[...]

Posted 6 years ago

Nov 16

2017

Heaney talks IBM on ‘Pressroom

Published by

Susan Arbetter interviews Jim Heaney on The Capitol Pressroom regarding Investigative Post’s recent story about IBM and the Buffalo Billion. Heaney said taxpayers are not getting a good return for their considerable investment in major Buffalo Billion projects and that IBM has effectively said it’s none of the public’s business how it is using $55 million in subsidies.    

Posted 6 years ago

Nov 13

2017

Zemsky pressed on Buffalo Billion projects

Published by

Howard Zemsky, the state’s economic development czar, told state Assembly members Monday that state officials are pushing IBM to create more high-tech jobs in Buffalo. “The kinds of jobs that we’re going to see at the IBM center are not going to continue to be call center jobs,” Zemsky said. The state pledged $55 million to renovate and equipment the six floors of Key Center’s south tower to lure IBM here on the promise of creating good-paying, high-tech jobs. But, as Investigative Post reported last week, many of the employees at the company’s office downtown work call center jobs for[...]

Posted 6 years ago

Nov 9

2017

IBM another Buffalo Billion letdown

Published by

Bringing IBM to Buffalo was meant to create good-paying jobs and develop a technology hub downtown. Three years ago, Gov. Andrew Cuomo announced that the state would spend $55 million on equipment and office space for the company to set up a “center for cutting-edge software development.” In exchange, IBM and its partners agreed to create 500 jobs over five years. State officials made the point over and over: these would be good-paying, high-tech jobs. But many of the employees in IBM’s Buffalo office, at least so far, are working in low-skilled, relatively low-paying, call center jobs. Most of them[...]

Posted 6 years ago

Nov 7

2017

Keith talks 43North on WBFO

Published by

Investigative Post reporter Charlotte Keith discusses her recent story on the state-funded 43North business plan competition on WBFO’s Press Pass.

Posted 7 years ago

Oct 4

2017

Entrepreneurs take state grants and flee WNY

Published by

Cory Rosenfield knew the deal: in exchange for up to a $1 million state investment in his fledgling company, he would have to move the business to Buffalo for at least a year – and hopefully much longer. So, when he made his pitch to the judges of the 43North competition two years ago, he assured them this wouldn’t be a problem. “We are so excited to be making our new home in Buffalo,” he said. “We are here to stay no matter what.” Just over a year later, the company had gone back to Toronto – despite winning $250,000.[...]

Posted 7 years ago

Sep 18

2017

SolarCity’s expanded escape clause

Published by

Tesla CEO Elon Musk was bullish about Buffalo on a call with investors last month. “We made that commitment to the state of New York,” he said, describing the company’s plan to hire thousands at a huge factory opening in Buffalo that was built at taxpayer expense. “We are going to keep that commitment.” In late 2015, though – before SolarCity was bought by Tesla – the contract that governs the company’s commitment to New York was tweaked to give it more ways out of the deal if its business goes south. Added to the list of reasons SolarCity could[...]

Posted 7 years ago

Jul 13

2017

Heaney talks transit extension on ‘Pressroom

Published by

Jim Heaney discusses two recent stories done by Investigative Post on the proposed extension of Metro Rail and Buffalo’s continuing lead poisoning crisis. Heaney explained to Susan Arbetter of The Capitol Pressroom why he thinks the rail extension is a bad idea and chastises city and county officials for their failure to address lead poisoning with a greater sense of urgency.

Posted 7 years ago
Investigative Post

Get our newsletters delivered to your inbox * indicates required

Newsletters *