Tag: economic development

Dec 14

2020

Doctors and lawyers cash in on pandemic aid

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The final numbers are in: the federal government poured more than $2 billion into the local economy this spring and summer in an effort to blunt the economic impact of the coronavirus pandemic. About 19,850 for-profit companies and nonprofit organizations in the region’s eight counties received $2.4 billion in loans under the Paycheck Protection Program. The loans, convertible to grants, ranged from $10 million to less than $1,000. As a group, no one secured more money than doctors. Other top recipients include restaurants, lawyers, car dealers, skilled nursing facilities and construction contractors. Three recipients received $10 million, the maximum allowed[...]

Posted 4 years ago

Nov 27

2020

Heaney discusses WNY economy on ‘Pressroom

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David Lombardo, host of The Capitol Pressroom, interviews Jim Heaney about his recent story on the pandemic’s impact on the Buffalo Niagara economy. Heaney’s reporting found the local economy employs fewer people than it has in at least 30 years.  

Posted 4 years ago

Nov 12

2020

Heaney discusses economy on WBEN

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Jim Heaney discusses his story on the state of the Buffalo Niagara economy with Susan Rose and Brian Mazurowski on NewsRadio 930WBEN. Bottom line: fewer people are employed here than in 30 years and our recovery has slowed.

Posted 4 years ago

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 4 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 5 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 5 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 5 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 6 years ago
Investigative Post