Tag: Economy

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 11 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 11 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 11 months ago

May 14

2024

Secretive state board gives Amazon another break

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The 3 million-square-foot Amazon distribution center being built in Niagara County will not have to pay construction workers prevailing wages, a state board has ruled, despite the project receiving $137 million in tax breaks and subsidies.  State law says the developer must pay prevailing wages if a private construction project costs more than $5 million and subsidies account for at least 30 percent of costs. The wage rate is set by the state Department of Labor and influenced by union pay.  But the state Public Subsidy Board decided in March those rules won’t apply to the Amazon facility.  Why not?[...]

Posted 11 months ago

Apr 25

2024

Feds revoke major permit for STAMP industrial park

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Three spills of drilling fluid into protected wetlands contributed to revocation of permit. The U.S. Fish and Wildlife Service has dealt a major blow to the developers of a massive industrial park in rural Genesee County, notifying them this week that the agency would revoke a key permit needed to construct the park’s wastewater pipeline. That pipeline in recent months has emerged as one of the most controversial components of the 1,250-acre Science, Technology and Advanced Manufacturing Park — STAMP — one of the largest industrial parks under construction in New York. It’s so far generated two lawsuits and its[...]

Posted 12 months ago

Apr 10

2024

Tesla using Chinese solar panels on Buffalo plant

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  The Tesla factory in South Buffalo, built to manufacture solar panels, today uses solar panels on its roof made by a competitor in China. That’s a fact state officials have reluctantly confirmed in response to a Freedom of Information request submitted by Investigative Post. Officials initially refused, claiming the identity of the manufacturer was a “trade secret,” but relented after an appeal filed under the FOI Law. Tesla has covered about one-third of the factory’s roof with panels manufactured by LONGi Green Energy Technology, a Chinese firm and one of the world’s largest manufacturers of solar modules. It plans[...]

Posted 1 year ago

Mar 20

2024

Is Tesla using a rival’s solar panels?

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Solar panels on the Tesla factory roof. Video via WGRZ. What’s the big secret? Tesla has installed solar panels on about one-third of the roof of its plant in South Buffalo, with plans to cover the rest by the end of the year. This is not surprising. The plant, after all, was built to manufacture parts for solar panels. But one thing doesn’t add up: The solar panels on the factory roof don’t look like the solar products Tesla sells.  Most notably, Tesla advertises its products as lacking the white grid lines seen on most solar panels.  The panels on[...]

Posted 1 year ago

Feb 15

2024

Workers protest loophole in state wage law

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  With the first glints of sun coming up over Kenmore Avenue, slowly burning off the morning’s 22-degree freeze, several dozen construction union members rallied Wednesday in protest of developer Michael Wopperer, hoping to highlight loopholes in New York’s prevailing wage law. Wopperer, the tradesmen and organizers said, had amassed some $17 million in public subsidies for his $23 million renovation of the former Wood & Brooks factory just across the road, yet will not be required to pay prevailing wage to the workers he’s employing on the project.  Wopperer told Investigative Post he’s employing some union workers on the[...]

Posted 1 year ago
Investigative Post