Tag: economic development

May 23

2017

Perks of LPCiminelli’s Buffalo Billion contract

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It was an expensive dinner after a long day of meetings on the SolarCity project. A senior executive at LPCiminelli, the company building the factory, ate at an upscale Italian restaurant in Albany, joined by two architects working on the project. The cost of the meal topped $120 each. That night, LPCiminelli picked up the tab. But, ultimately, state taxpayers footed the bill. A few months later, the company listed the meal as a reimbursable expense under its contract to build the vast solar panel factory, the marquee project of the governor’s Buffalo Billion initiative, and was paid back, in[...]

Posted 8 years ago

May 12

2017

Most new jobs in low wage sectors

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The good news: Buffalo Niagara is adding jobs at a faster clip than it has in a long time, albeit at a slower pace than the nation as a whole. The bad news: three-quarters of these new jobs are in sectors that generally don’t pay well. The biggest job creator across the region is restaurants and bars. The problems don’t end there: There’s been precious little growth in middle-income jobs and the region is actually losing technology jobs that tend to pay well and spin off a lot of business activity. Experts say the biggest economic challenge facing the region[...]

Posted 8 years ago

May 11

2017

Buffalo Niagara’s middling job gains

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To hear Gov. Andrew Cuomo tell it, the Western New York economy is a “national success story.” Indeed, there has been improvement during his six years in office, including the addition of 29,500 jobs and a drop in the unemployment rate. But while Buffalo Niagara is faring well against its sorry history, the region’s recovery is modest by national standards, an Investigative Post analysis found. Its job growth during the Cuomo years is one-half to one-quarter the national average, depending on which statistics you use. And half the drop in the unemployment rate can be attributed to a shrinking workforce,[...]

Posted 8 years ago

Mar 30

2017

Heaney talks subsidy reform in ‘Pressroom

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Continuing a discussion that started Tuesday on Capitol Pressroom, Jim Heaney and Susan Arbetter discuss the “State of Subsidies” series published this week by Investigative Post in partnership with ProPublica and the Columbia University Graduate School of Journalism.

Posted 8 years ago

Mar 29

2017

Lack of scrutiny for subsidy programs

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This is the final part of a series that began Sunday. The full lineup of stories, columns and radio interviews can be found here » State and local economic development agencies in New York give away billions of dollars in subsidies to businesses every year but do little to assess what taxpayers are getting for their money. “What politician doesn’t want to stand there with a shovel in their hand and a hard hat on their head to announce new jobs coming to their district?” said Ron Deutsch, executive director of the Fiscal Policy Institute, a labor-backed think tank. “The[...]

Posted 8 years ago

Mar 29

2017

Lackadasical vetting of subsidy seekers

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This is the third part of a series that began Sunday. The full lineup of stories, columns and radio interviews can be found here » Craig Bernier had only been bagging grain at Harbor Point Minerals in Utica for a few months when the company started sending him inside its silos to “walk down” the grain to help it flow to the bottom. Bernier, 24, was claustrophobic and hated being in the dark, closed structure, but Harbor Point told him he would have to go back in, his father said. “He told his mother, ‘I don’t want to go to[...]

Posted 8 years ago

Mar 28

2017

Heaney talks subsidies with ‘Pressroom

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Susan Arbetter of The Capitol Pressroom interviews Jim Heaney on the “State of Subsidies” series being published this week by Investigative Post and select newspapers across the state. They were joined partway through the interview by E.J. McMahon, research director of the Empire Center for Public Policy, and Ron Deutsch, executive director of the Fiscal Policy Institute.

Posted 8 years ago

Mar 27

2017

Corning masters the subsidy game

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This is the second part of a series that runs through Thursday. The full lineup of stories, columns and radio interviews can be found here » Rita McCarthy could finally relax. After months of speculation and negotiation, strategy sessions and late night phone calls, Corning Inc. announced in the spring of 2013 that it would expand its factory in Erwin, New York, where McCarthy serves as town supervisor. Corning is the largest employer in Steuben County, within the economically struggling region of western New York that stretches along the Pennsylvania border, known as the Southern Tier. Assuaging McCarthy’s fears that it would[...]

Posted 8 years ago
Investigative Post