Tag: Economy

Apr 17

2025

IDAs responsible for millions in tax breaks, fees

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Meetings of the Erie and Niagara county IDAs (top) and the Genesee County IDA industrial park (bottom). Across Western New York last year, some 639 companies were allowed to skip out on $91 million in tax payments. In exchange, those companies kept nearly 18,000 people employed.  The story doesn’t end there. The companies also paid fees to the industrial development agencies that issued those tax breaks — nearly $22 million in 2024. For nine of the 13 IDAs in the region, those fees covered 75 percent or more of their annual budgets. Those figures are spelled out in the annual[...]

Posted 20 hours ago

Apr 8

2025

Tesla spends taxpayer ‘slush fund’ on new cafeteria

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When Tesla employees show up to work nowadays in South Buffalo, a cafeteria serving breakfast, lunch and dinner — along with snacks and coffee — awaits. But there’s no such thing as a free lunch: Tesla employees must pay for the meals, which include salads, pasta, pizza and sandwiches. The other catch? New York State taxpayers have footed the bill for the eatery, which cost $1.6 million to build. Records obtained by Investigative Post show the electric vehicle maker continues to spend taxpayer dollars each year on the factory, which the state spent $959 million to build and equip. The[...]

Posted 1 week ago

Mar 25

2025

Wage theft widespread in Western New York

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The theft of employee wages is widespread across Western New York, data from state and federal labor departments show. State and federal labor investigators found some 1,900 regional employers withheld $17.1 million in pay and benefits from 23,613 workers over the past decade.  That’s an average of $3,066 per affected worker, according to data collected by Documented and analyzed by Investigative Post. Some employers were found to owe a handful of employees large amounts — more than $40,000 in some cases — while others were found to owe many workers small amounts. The median worker was returned $500 due to[...]

Posted 3 weeks ago

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 3 months 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 4 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 9 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 9 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 10 months ago
Investigative Post