Tag: economic development

May 13

2016

SolarCity slashes Buffalo factory commitment

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SolarCity has sharply reduced its job creation commitment for the solar panel manufacturing plant under construction in Buffalo from 1,460 to 500 jobs, according to state records and filings the company submitted to the Securities and Exchange Commission last fall. The company remains committed to a total of 1,460 jobs in Buffalo, but the majority of them will not be employed at the plant. Documents do not specify what kind of jobs they might be. “With new advanced semiconductor manufacturing equipment that enables automation, we believe 500 is the minimum number of manufacturing jobs the factory will require,” said Kady Cooper,[...]

Posted 9 years ago

May 10

2016

How to diversify the building trades in Buffalo

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  When Minnesota lawmakers agreed to put millions of dollars toward building a new football stadium for the Minnesota Vikings, contractors were told they had to what some thought impossible: ensure that minorities accounted for a third of the construction workforce. Work on the $1.1 billion stadium is wrapping up, and contractors, despite their initial skepticism, have not only met the 32 percent goal but exceeded it, reaching 36 percent minority participation. This kind of ambitious goal-setting has been absent on major projects in the Buffalo area. The minority workforce goal was just 13.2 percent on the $130 million renovations[...]

Posted 9 years ago

May 10

2016

Yet more bad news on SolarCity

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I’ll dispense with the MayDay! declarations of past and get to the latest double-barrel dose of bad news regarding SolarCity. The company released its first quarter earnings report Monday afternoon and it was drenched with more red ink than usual. SolarCity lost a record $283.1 million. That was double the $149.9 million it lost for the same period in 2015. The stock market reacted as you’d expect, with the trading price dropping by 21 percent from the close of trading Monday to Tuesday. SolarCity is now going for $17.54 a share, down from $57.26 as recently as mid-December. Yet another crisis in[...]

Posted 9 years ago

May 2

2016

Cuomo’s M.O. enables corruption

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One Albany insider told The Buffalo News over the weekend that “everyone is literally flabbergasted” at the turn of events in the federal probe of what can safely be termed the “embattled” Buffalo Billion program. I suppose the spectacle of Cuomo insiders turning on each other as the governor scrambles into damage control mode is a bit jarring. But no one who has been paying attention to Cuomo’s governing style in general, and his administration’s management of the Buffalo Billion program in particular, should be the least bit surprised. In short, the Cuomo crowd is obsessed with secrecy and operates[...]

Posted 9 years ago

Apr 29

2016

Buffalo Billion probe targets Cuomo insiders

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U.S. Attorney Preet Bharara’s investigation into the Buffalo Billion, triggered by Investigative Post’s relentless reporting, appears to have targeted members of Gov. Andrew Cuomo’s inner-circle. The feds issued subpoenas to the governor’s office Friday, and, in turn, the Cuomo administration announced its own investigation and issued a press release that appeared to throw one or more close associates under the bus. Folks, this could get real ugly real quick. Those under scrutiny include Joseph Percoco, a top Cuomo aid and political enforcer who recently left the administration; longtime associate and lobbyist Todd Howe; and Alain Kaloyeros, the so-called nanotech guru who the[...]

Posted 9 years ago

Mar 14

2016

Buffalo: Real State of the City

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Buffalo is doing better, but is it doing as well as the politicians and much of the local press would have us believe? The answer, in a word, is “no.” That was the bottom line to my address Feb. 24 at the Burchfield Penney Art Center. Progress has been overstated. There’s a lot of racial inequality. We’re a high-crime city where few criminals get caught. And Buffalo is a ward of the state. Charlotte Keith and I dug deep into the data to provide a factual, statistical framework on which I based my conclusions. Here they are, in a nutshell:[...]

Posted 9 years ago

Mar 9

2016

US Labor Secretary: inclusive growth matters

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U.S. Secretary of Labor Thomas Perez, a Buffalo native, received a standing ovation in his hometown Tuesday as he spoke about the importance of workforce development at Bennett High School. Perez stressed the importance of hiring local residents for taxpayer-funded construction projects. “We can make sure that the residents of Buffalo and Erie County participate in our prosperity. Inclusive growth is what we’re all about,” he said. Perez’s visit comes amid growing concern that communities of color aren’t being included in the opportunities created by the city’s construction boom. The local construction trades, whose members staff many major public works projects, have made[...]

Posted 9 years ago

Feb 28

2016

Outrages: Lack of diversity in the trades

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Charlotte Keith reported last week about the lack of diversity in local trade unions. Minorities account for 17 percent of the workforce in Erie County, but only 11 percent of membership of 18 building trade unions. What’s more, that number has barely budged over the past decade, despite a pledge by the unions to dramatically diversify their membership. A fair amount of the blame falls to the unions, but there’s plenty of blame to go around. Unions and community groups that recruit and train minority job candidates generally don’t get along. They accuse each other of a lack of communication.[...]

Posted 9 years ago
Investigative Post