Tag: Buffalo Billion

Jun 18

2014

Solar jobs, entrepreneur headed to Buffalo

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SolarCity is buying Silevo, which last fall announced plans to bring 475 jobs to the city under the Buffalo Billion Program. SolarCity is a much bigger operator and has plans to increase the planned manufacturing plant’s capacity five-fold, which would make it among the largest such facilities in the nation. More jobs are also anticipated, a total of anywhere from 1,000 to 2,500. Beyond the jobs, SolarCity brings noted entrepreneur Elon Musk, whose ventures have included PayPal, Tesla Motors and SpaceX. Will the larger manufacturing capacity necessitate the state upping its $225 million investment to build and equip the clean energy[...]

Posted 10 years ago

Jun 18

2014

Buffalo recovery a Tale of Two Cities

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Jim Heaney makes his debut as a columnist for City & State this week with a piece that puts Buffalo’s improved economy in perspective. Heaney notes a great and growing divide between “the haves and have-nots.” Yes, there is the psychological boost thanks to the Buffalo Billion initiative, and construction cranes denote progress at Canalside and the Buffalo Niagara Medical Campus. But other aspects of the economy lag. “Any way you cut the numbers—poverty rate, unemployment rate, actual number of city residents working—they lag behind where things stood prior to the Great Recession of 2008–09,” Heaney writes. Meanwhile, the public[...]

Posted 10 years ago

Jun 18

2014

Heaney assesses SolarCity deal

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Investigative Post editor Jim Heaney discusses the SolarCity deal, and the thinking behind the Buffalo Billion initiative, with WGRZ’s Danny Spewak in a 6 minute, 42 second interview taped Tuesday evening.  

Posted 10 years ago

Feb 25

2014

Heaney’s take on IBM announcement

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Gov. Cuomo’s announcement of a $55 million state investment to attract IBM to downtown Buffalo is pricey, but less so than the two previous Buffalo Billion projects that have been rolled out, Investigative Post editor tells WGRZ.

Posted 10 years ago

Nov 21

2013

The skinny on Buffalo’s big jobs announcement

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Investigative Post teamed with WGRZ to provide insight into Thursday’s announcement by Gov. Andrew Cuomo that the state is investing $225 million to build and equip facilities that will house two fledging clean energy firms. Dan Telvock provided background on the two companies, both based in California. They have small work forces and are still searching for profitability, but are nevertheless regarded as innovation leaders in their industries. The deal with the state obligates the firms to invest $1.5 billion and operate in Buffalo for at least 10 years. Jim Heaney interviewed Alain Kaloyeros, the chief architect of the deal, and[...]

Posted 10 years ago

Nov 20

2013

Major jobs boost for Buffalo

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It was nearly two years ago when Gov. Andrew Cuomo announced his intention to invest $1 billion to revitalize the Buffalo area economy. Not much of that money has been earmarked so far, but that will change Thursday morning when the governor is scheduled to come to town to announce what is shaping up as the state’s largest investment ever in the local economy. Sources tell Investigative Post this deal has been months in the making and far surpasses the first Billion To Buffalo deal involving drug research, development and manufacturing at the Buffalo Niagara Medical Campus. That project, scheduled to[...]

Posted 10 years ago

Nov 4

2013

Major developers vying for Buffalo project

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A half-dozen firms, including some of the region’s most prominent developers, have entered the competition to build economic development hubs the Cuomo administration has proposed for Buffalo, Investigative Post has learned. Firms responding to a request for proposals include LP Ciminelli Inc., Uniland Development and Acquest Development. Others submitting proposals include McGuire Development, TM Montante Development and Mark Balling on behalf of Lend Lease, an international contracting and finance firm. The developers, in their submissions, identify elements of the team they would assemble to first design, finance and construct the hubs and then recruit companies function as anchor tenants. At least[...]

Posted 10 years ago

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 10 years ago
Investigative Post

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