Tag: Economy

Jan 23

2025

Subsidized ‘Falls restaurateur accused of wage theft

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A Niagara Falls business owner who is seeking a second round of tax breaks for his growing portfolio of fast food restaurants cheats workers out of wages and tips, nine current and former employees have told Investigative Post.  Muhammad Shoaib, who owns 10 fast food restaurants — including the Moe’s Southwest Grill, A&W Restaurant and Papa Johns Pizza in Niagara Falls — frequently fails to pay hourly employees overtime and managers the weekly minimum salary set in state law, six current and former employees said. Six employees also alleged that Shoaib has withheld thousands of dollars in credit card tips[...]

Posted 1 week ago

Dec 6

2024

State board doubles down on secrecy

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Union protestors look on at the former Wood & Brooks piano factory in Tonawanda. Photo by Garrett Looker. For more than a year, a state board created to determine whether highly subsidized development projects must pay prevailing wages has operated in secrecy. Since May, Investigative Post has pressed the Public Subsidy Board for records detailing its decisions, including on two Western New York projects. In response, the board has dug in its heels. A hearing officer for the state Department of Labor, under whose umbrella the subsidy board operates, issued a ruling last month upholding the agency’s denial of records[...]

Posted 2 months ago

Jul 31

2024

Rural IDA leader highest paid in New York

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Steven G. Hyde retires effective Aug. 1. Photo by I’Jaz Ja’ciel. When he steps aside tomorrow, Steven G. Hyde — a Genesee County official — will retire as the highest-paid economic development leader in the public sector in New York. His $274,898 salary as president and CEO of the Genesee County Economic Development Center was nearly $25,000 more than Gov. Kathy Hochul’s 2023 salary. It was also more than every other industrial development agency leader in the state. To wit: His counterpart in New York City earned $243,500 in 2023. His counterpart in Erie County made $205,000. His counterparts at[...]

Posted 6 months ago

Jul 24

2024

A changing of the guard for STAMP

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Mark Masse, incoming president of the Genesee County Economic Development Center. Illustration by Garrett Looker. Effective August 1, Mark Masse will take over as president and CEO of the Genesee County Economic Development Center — the public agency building the STAMP industrial park. Hailing from Genesee County, Masse earned a public accounting degree from Nazareth University and has worked for the IDA since 2010 as its vice president of operations. He takes over for Steven Hyde, the longtime president and CEO who initiated STAMP’s development. He’ll earn a salary of $185,000 and manage an agency with a $10.5 million budget.[...]

Posted 6 months ago

Jun 27

2024

Hochul, Schumer pressured regulators over STAMP

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Editor’s note: This is the first of a two-part package. Our second story is here. In the drive to build a massive industrial park in rural Genesee County, the offices of Gov. Kathy Hochul and U.S. Sen. Chuck Schumer pressured regulators to issue approvals for the project that ran afoul of environmental laws and policies, ignoring an indigenous nation’s legal rights along the way. Investigative Post found that: Aides to Hochul pushed top officials at the state Department of Environmental Conservation to work more quickly. Schumer aides intervened with the U.S. Fish and Wildlife Service. And a string of state[...]

Posted 7 months ago

Jun 3

2024

Numbers dispute the claims of a WNY renaissance

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Some numbers caught my eye in the new edition of the WNY Economic News produced by economic professors at Canisius University.  And I quote: National payroll employment has surpassed its pre-COVID peak by more than 7 million jobs while WNY employment is more than 12,000 below its pre-COVID peak.  As they have been since the late 1980s, wages for workers in the Buffalo MSA [metropolitan statistical area] are lower than wages for workers in most industries in the United States. Thus, it should not be a surprise that the most recent data for the Buffalo MSA shows that the average wage[...]

Posted 8 months ago

May 27

2024

Americans are horribly misinformed on the economy

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Subscribe to WeeklyPost and you’ll receive Jim Heaney’s recommended reading Sunday mornings in your inbox. We’re a nation that watches football, obsessives over Taylor Swift and can’t stop staring at our phone screens. Paying attention to reality, not so much. A poll released last week showed most Americans are horribly misinformed over the state of the economy, which in turn is coloring their views on national politics.  Consider: A majority say we’re in a recession; we’re not. Most say unemployment is at a record high; it’s actually near a 50-year low.  A majority say inflation is rising; it’s decreasing. Most[...]

Posted 8 months ago

May 23

2024

Harris Beach, Hodgson Russ profiting off IDAs

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A meeting of the Erie County IDA board of directors. Photo by Garrett Looker. When New York’s industrial development agencies grant tax breaks, it’s not just local companies that benefit — two upstate law firms walk away with major paydays, too. Hodgson Russ and Harris Beach — based in Buffalo and the Rochester area, respectively — earn millions of dollars in fees each year, according to research from the watchdog groups Reinvent Albany and Good Jobs First. That report comes on the heels of state Comptroller Thomas DiNapoli’s annual IDA report, also released Wednesday. The comptroller’s report showed that for[...]

Posted 8 months ago
Investigative Post