Tag: economic development

Mar 29

2023

Subsidizing a downtown grocery store … again

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In 2019, Buffalo’s plans for a downtown city block seemed to be the platonic ideal of urban redevelopment: turn an old parking lot into hundreds of units of affordable housing and place a grocery store directly next door. And you could say that’s exactly what the city accomplished. Today, the corner of Ellicott and Clinton Streets — right across the street from the Buffalo & Erie County Public Library — features 201 affordable housing units on one-half of the 2.52-acre lot, and Braymiller Market on the other half, downtown’s only full-service grocery store. But completing that project has come at[...]

Posted 2 years ago

Mar 22

2023

Yet another subsidy for Moog

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The Erie County Industrial Development Agency on Wednesday rubber-stamped nearly $3 million in tax breaks for Moog, the defense contractor based in Elma. It was the 14th round of assistance from the agency since the 1970s. The IDA has now approved $12.8 million in subsidies for six Moog projects since 2006. Moog, a profitable company that netted $155 million last year, has won federal contracts in the past decade totaling more than $6 billion. The company manufactures parts for fighter jets, missile launchers, rocket ships and submarines. Federal contracts make up about half of its total business, while private aviation,[...]

Posted 2 years ago

Mar 20

2023

Moog seeking 14th tax subsidy from IDA

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 Moog Inc., one of Western New York’s largest employers, is a highly profitable company, netting $155 million last year alone. That’s partly due to the billions in federal defense contracts it’s landed over the past decade. Yet time and time again — 13 times since 1973 — Moog has gone before the Erie County Industrial Development Agency seeking — and receiving — millions in tax breaks. It’s received nearly $10 million in subsidies since 2006. The company is headed back to the IDA on Wednesday asking for a 14th round of subsidies. Moog’s request for $2.9 million in sales[...]

Posted 2 years ago

Feb 26

2023

Monday Morning Read

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Subscribe to WeeklyPost, if you don’t already. There’s more heat being applied to industrial development agencies. We’ve already reported on reform legislation being championed by Sen. Sean Ryan. Last week, the Albany Times Union reported that the chairman of the Senate Committee on Investigations and Government Operations is launching an investigation into how IDA’s dole out tax breaks. Sen. James Skoufis is hot and bothered by a deal in Orange County. He’s likely to blow a gasket if he looks into the deals approved of late by the Niagara County IDA, subsidies for everything from fast food restaurants to market rate housing to a warehouse for Amazon, which[...]

Posted 2 years ago

Feb 21

2023

Allegations of racism at Tesla plant

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Black employees at Tesla’s Gigafactory in South Buffalo have alleged they’re routinely subjected to racist treatment by managers, problems they say have persisted since the plant opened five years ago. Seven current and former Tesla employees, all of whom are Black, told Investigative Post the treatment they’ve experienced has ranged from offensive remarks to being repeatedly passed over for promotions. In one case, five employees recounted instances where groups of Black men were having conversations on the factory floor, only to be told by management they weren’t allowed to do that because “the optics looked bad” and they looked “like[...]

Posted 2 years ago

Feb 16

2023

Tesla a target of unionizing effort

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The union behind the successful effort to organize Starbucks, both here and nationally, is trying to do likewise at Tesla’s plant in South Buffalo. But, much like with Starbucks, organizers are squaring off with an employer with a history of aggressively fending off unionizing efforts. To wit, just one day after Tesla Workers United announced its organizing drive, Tesla fired 30 employees at its Buffalo plant, including some members of the union organizing team. They were dismissed via email Wednesday evening. “I strongly feel this is in retaliation to the committee announcement and it’s shameful,” Arian Berek, a fired worker[...]

Posted 2 years ago

Feb 14

2023

IDA subsidizing more market-rate housing

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Under normal circumstances, market-rate housing is supposed to conform to the forces of the free market: A developer buys a piece of land, builds housing, and sells or rents it for a price that recoups their costs and turns a profit. But in Niagara County, the Industrial Development Agency is poised to subsidize two market-rate apartment complexes — a total of 90 units — to the tune of $3.9 million. In one project, the proposed IDA subsidy would cover 22 percent of the building costs. That project would create zero jobs. In the other, the subsidies would cover 44 percent[...]

Posted 2 years ago

Feb 9

2023

Podcast: Sen. Sean Ryan discusses IDA reform

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Throughout the State of New York, industrial development agencies give out tax breaks to companies in order to bring and expand operations to local communities. From entities as large as Amazon to as small as an A&W restaurant, these deals usually involve companies paying reduced property and sales taxes over an extended period of time. But, as Investigative Post’s J. Dale Shoemaker has reported, those deals can have expensive consequences for the community; including its children. Those expensive consequences include nearly $2 billion drained from public schools each year throughout the state. New York State Senator Sean Ryan believes these[...]

Posted 2 years ago
Investigative Post