Tag: economic development

Nov 21

2013

The skinny on Buffalo’s big jobs announcement

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Investigative Post teamed with WGRZ to provide insight into Thursday’s announcement by Gov. Andrew Cuomo that the state is investing $225 million to build and equip facilities that will house two fledging clean energy firms. Dan Telvock provided background on the two companies, both based in California. They have small work forces and are still searching for profitability, but are nevertheless regarded as innovation leaders in their industries. The deal with the state obligates the firms to invest $1.5 billion and operate in Buffalo for at least 10 years. Jim Heaney interviewed Alain Kaloyeros, the chief architect of the deal, and[...]

Posted 11 years ago

Nov 20

2013

Major jobs boost for Buffalo

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It was nearly two years ago when Gov. Andrew Cuomo announced his intention to invest $1 billion to revitalize the Buffalo area economy. Not much of that money has been earmarked so far, but that will change Thursday morning when the governor is scheduled to come to town to announce what is shaping up as the state’s largest investment ever in the local economy. Sources tell Investigative Post this deal has been months in the making and far surpasses the first Billion To Buffalo deal involving drug research, development and manufacturing at the Buffalo Niagara Medical Campus. That project, scheduled to[...]

Posted 11 years ago

Nov 8

2013

Smaller subsidies for Delaware North HQ

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Uniland, which has proposed building a new corporate headquarters for Delaware North, is no longer seeking tax breaks beyond the normal package offered to office projects. The developer appears to have miscalculated whether the project was fully eligible for some of the extra incentives it was seeking. Its original plan sparked an outcry.

Posted 11 years ago

Nov 4

2013

Major developers vying for Buffalo project

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A half-dozen firms, including some of the region’s most prominent developers, have entered the competition to build economic development hubs the Cuomo administration has proposed for Buffalo, Investigative Post has learned. Firms responding to a request for proposals include LP Ciminelli Inc., Uniland Development and Acquest Development. Others submitting proposals include McGuire Development, TM Montante Development and Mark Balling on behalf of Lend Lease, an international contracting and finance firm. The developers, in their submissions, identify elements of the team they would assemble to first design, finance and construct the hubs and then recruit companies function as anchor tenants. At least[...]

Posted 12 years ago

Oct 24

2013

State pursuing major jobs initiative for Buffalo

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The state has quietly launched a major initiative to develop a series of economic development hubs in Buffalo aimed at attracting medical, energy and technology companies that would generate thousands of good-paying jobs. The state recently issued a request for proposals seeking developers to construct two or three facilities in the city and partner with a handful of anchor tenants who would employ an estimated 1,500 to 2,000. Much like a shopping mall, these large tenants would attract small and mid-sized firms that would add to that employment base and build a critical mass in fields regarded as regional strengths. The[...]

Posted 12 years ago

Sep 11

2013

A rich, but tolerable development subsidy deal

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Anyone who has followed my work the past dozen years knows I am not a fan of economic development subsidies. And the deal announced Tuesday of a manufacturing plant involves a lot of public money – some $25.9 million over the next decade in grants, tax breaks and power discounts. That works out to nearly $151,000 per job, which ranks this as one of the region’s richest subsidy deals ever. It’s not the obscene $2.1 million per job subsidy awarded a few years back to Yahoo’s data center in Lockport. But it’s more than all but a handful of deals[...]

Posted 12 years ago

Aug 16

2013

Buffalo is not Denver. Darn.

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I spent three-and-a-half days in Denver recently while on vacation in Colorado, which is a beautiful state. I couldn’t have come away more impressed with the city. First, what’s there: An inviting, tree-lined downtown pedestrian mall that has block after block of stores, restaurants and people. A second thriving section of downtown, known as LoDo, anchored by a striking baseball stadium and a train station under restoration. (Imagine that.) An ample stock of historic buildings, many of them nifty brick structures. A light rail system that actually goes someplace. More than 200 parks, plus several municipal parks operated outside the[...]

Posted 12 years ago
Investigative Post