Tag: economic development

Jun 1

2021

Jemal: A salty but savvy operator

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Douglas Jemal is not your prototypical, button-down developer.  He prefers jeans, cowboy boots and baseball caps and isn’t shy about using salty language. Years ago, he taught a pet parrot — a bird he named “Eagle” — to say the mother of all bad words, the one that starts with an F and rhymes with luck. And there was the time — the night before he was to meet with bankers to discuss financing his family’s bid to purchase the Baltimore Orioles baseball team — when he got into a fistfight with a fan sitting in the stands behind him[...]

Posted 4 years ago

May 27

2021

The politics of Doug Jemal

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Douglas Jemal may be an unconventional developer in some ways, but he also engages in a practice common to many in the real estate business: giving money, sometimes lots of it, to politicians in position to support his projects. Jemal is unusual in another way: He’s the recipient of a presidential pardon. His political contributions in Buffalo began when he started purchasing local property. Records show Jemal or his company, Douglas Development, have made $39,160 in donations to local Republicans and Democrats alike. Jemal’s WNY campaign contributions Candidate Contributions State Senator Tim Kennedy $11,000 Lieutenant Governor Kathy Hochul $10,000 Erie[...]

Posted 4 years ago

May 27

2021

Jemal: Big portfolio, unconventional methods

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People in the commercial real estate business look at all the properties Doug Jemal is buying around Buffalo and ask: How is he going to pay for all the work he’s taking on? Jemal isn’t saying. He wouldn’t talk to Investigative Post for this story. But in an interview with WGRZ, he gave what some might consider an unnerving answer to the question. “We’re all going to run out of money. I’m going to die broke. There’s nothing that I’m taking with me,” he said. “Look, needless to say, you know my M.O. I’m a riverboat gambler. I’m a shooter.[...]

Posted 4 years ago

May 19

2021

Report: Samsung factory going to Austin

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South Korean media is reporting that Samsung will build a new $17 billion microchip plant in Austin, Texas. A formal announcement could come as soon as Friday following a meeting between President Joe Biden and South Korean President Moon Jae-in.  Any such deal would dash local hopes about luring the plant – and its 1,900 jobs – to a 1,250-acre industrial park in rural Genesee County.  U.S. Sen. Charles Schumer and officials with the Genesee County Economic Development Center have touted the Science, Technology and Advanced Manufacturing Park in the Town of Alabama as an ideal location for Samsung. Officials[...]

Posted 4 years ago

Apr 26

2021

Spiraling costs at remote industrial park

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The bill is coming due for putting an industrial park in the hinterlands of Genesee County and the cost to taxpayers is considerable. The Science and Technology Advanced Manufacturing Park, being built on 1,250 acres in the rural Town of Alabama, flunked the state’s smart growth test when first proposed.  The project’s location rated so poorly that it failed to meet seven of ten smart growth criteria under the state’s own grading system, prompting one good government group to label it a “poster child for location inefficiency.” Empire State Development Corp. nevertheless approved spending state tax dollars to develop the[...]

Posted 4 years ago

Mar 26

2021

Big tax break approved for Plug Power

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Economic development officials in Genesee County on Thursday approved a huge tax break for a company that plans on building a hydrogen power plant.  Plug Power would pay reduced property and sales taxes over 20 years that would save the company $118 million. The plant, located in what is now a vacant industrial park in the Town of Alabama, would employ 68 workers. The tax breaks were unanimously approved without discussion by the governing board of the Genesee County Economic Development Center.  The project still requires approval by the board of the New York Power Authority. Plans call for the[...]

Posted 4 years ago

Mar 24

2021

Heaney discusses subsidies on ‘Pressroom

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Investigative Post reported last week that the subsidy package offered Plug Power to build a plant in Genesee County amounts to $4 million a job. That story follows previous reporting by Mark Scheer, found here and here, on efforts to recruit companies to locate to the Science, Technology and Advanced Manufacturing Park in the Town of Alabama. Jim Heaney discussed Investigative Post’s coverage with David Lombardo of The Capitol Pressroom.  

Posted 4 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 4 years ago
Investigative Post