Tag: economic development

Nov 11

2020

Record low employment in Buffalo Niagara

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The coronavirus pandemic has stripped Buffalo-Niagara of so many jobs that the region employs fewer people in the private sector than it has in at least 30 years. The metro area was down 46,000 private sector jobs in September, compared with a year earlier. That amounts to a 9.6 percent drop. That leaves the labor market with 431,300 full- and part-time jobs. “It’s the smallest private-sector workforce in 30 years, by a good deal,” said E.J. McMahon, senior fellow at the Empire Center for Public Policy, who conducted the jobs analysis for Investigative Post. Heaney discusses his story on WBEN[...]

Posted 3 years ago

Aug 23

2020

Buffalo Billion audit: shock and ugh

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The audit released Friday by state Comptroller Thomas DiNapoli told us a lot of things we already knew or strongly suspected: the Cuomo administration failed to assess the value of high-tech projects like the Tesla plant in South Buffalo both before and after the investment of tax dollars, and largely kept the public and press in the dark in between. But the audit added a lot of detail and included some new eye-popping findings, two in particular: The Tesla project fell way short — way, way short, actually — of the state’s desired return on investment. The audit said Empire[...]

Posted 4 years ago

Mar 17

2020

Heaney talks Buffalo Billion on ‘Pressroom

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Jim Heaney and David Lombardo discuss problems with the IBM and Tesla projects in an interview broadcast Tuesday on The Capitol Pressroom. The program is heard on some 20 public radio stations across the state, including WBFO, where it airs weekdays at 8 p.m.  

Posted 4 years ago

Feb 26

2020

State stonewalling on IBM project

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Several years ago, the Cuomo administration spent $55 million of state taxpayer money to buy, renovate and equip seven floors of a downtown Buffalo office building to bring IBM to town. The payoff, we were told, would be 500 good-paying software engineering jobs and the start of a technology hub with all sorts of spin-off development. Now, four of those floors at Fountain Plaza are available for lease, raising all sorts of questions about IBM’s commitment to Buffalo. Has it pulled out? Working on a Plan B? None of the above? IBM isn’t saying. Neither is the Cuomo administration. In[...]

Posted 4 years ago

Oct 23

2019

Heaney talks data centers on ‘Pressroom

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Susan Arbetter and Jim Heaney discuss two Investigative Post stories that published this week regarding a proposal to build state-subsidized data centers in western and central New York. The interview aired on The Capitol Pressroom.  

Posted 5 years ago

Oct 23

2019

Questionable data center assumptions

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An alliance of environmental, community organizations and local governments support a plan to build massive data centers in two upstate towns, including Somerset in Niagara County.  Project backers contend the data centers would help the environment, provide jobs to displaced workers and replenish the tax coffers of local governments.  “It really is a win-win-win for the community, the environment and for workers,” Lisa Dix, senior New York campaign manager for Sierra Club’s Beyond Coal Campaign, told Investigative Post. There is reason to question those assumptions, however. The project calls for new steel structures to be built on the near-defunct coal[...]

Posted 5 years ago

Oct 22

2019

Data centers: Big subsidies, few jobs

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Subsidized data centers can be expensive propositions for taxpayers. They typically require hundreds of thousands of dollars in taxpayer assistance for every job created — and the price tag is sometimes much steeper. The cost of subsidizing data centers built over the past decade in Lockport, for example, worked out to $1.9 million per job. That’s far higher than the typical cost per job for a government-subsidized project. What’s more, there are few indications that data centers inspire other new businesses to enter a locale, said Greg LeRoy, executive director of Good Jobs First, a subsidy watchdog organization that has[...]

Posted 5 years ago

Oct 2

2019

Kate Kaye interview on WBFO’s Press Room

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Kate Kaye joined the Investigative Post reporting staff in August. She shared some initial observations about the lack of economic development on the city’s East Side with WBFO’s Jay Moran, who also quizzed Kaye on her previous reporting on technology.  

Posted 5 years ago
Investigative Post

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