Despite Agitation to Reopen Businesses, Upstate Covid-19 Cases Are Not Declining

Upstate areas are seeing increasing pressure to reopen currently closed businesses as the economic damage from Covid-19 restrictions increases.  With millions of New Yorkers unemployed and businesses facing the prospect of permanent closure, there is real need for relief.  But reopening should take place in a way that does not lead to significant growth in […]

New Covid-19 Cases Decline Throughout New York

The number of new reported cases of Coronavirus in New York State has begun to decline.  The chart below, which shows the three-day moving average of new cases, indicates that after plateauing from April 3rd to April 10th, a decline began, with cases decreasing from a peak of more than 10,000 to less than 5,000 […]

Will New York Reopen for Business by May 1st?

Recent reports show that President Trump would like to reopen the national economy within a few weeks.  The Washington Post reported that “President Trump — concerned with the sagging economy — has sought a strategy for resuming business activity by May 1.”   More recently, the President said that he expected some states to reopen before […]

Local Leaders’ Role in Combating the Economic Effects of the Covid-19 Pandemic

 The Covid-19 health response has shut down New York’s local economies.  With most business activities on pause, local government leaders should be addressing the economic impact now and preparing for the time when businesses are permitted to reopen. To date, the health impact of the virus in Upstate New York has been less severe than […]

Countering the Economic Impact of the Covid-19 Pandemic

We have seen alarming estimates of the potential impact of the Covid-19 pandemic on disease and death, as well as on our economy.  Some have suggested that more than half of our population could be infected – more than 160 million people and that one or two percent of those could die.  The President’s Treasury […]

New York’s Amazon Debacle – Some Lessons

Predictably, Amazon’s decision to abandon its HQ2 project with 25,000+ future jobs in New York City  led to acrimony with opposing politicians and some commentators blaming the company for abandoning its effort.   Representative Alexandria Ocasio-Cortez, an early project opponent tried to re-frame her stance saying, “We do not have to settle for scraps in the […]

How Amazon Could Help Upstate New York

One of the Thanksgiving meal discussions at my house involved Amazon’s new HQ2 and why Governor Cuomo didn’t get the company to locate its new facility in upstate New York.  And, though my argument that upstate metropolitan areas lacked technology focused labor pools of sufficient size to be seriously considered by a technology based firm […]

Amazon HQ2 – A Good Deal for New York?

It is not surprising that the decision by Governor Cuomo to give Amazon $1.8 billion in grants and refundable tax credits to come to New York City for half of their second headquarters generated controversy.  Some have questioned the need to subsidize Amazon given New York’s labor pool advantages[1], and the amount of money given […]

The Finger Lakes – Economic Challenges and Strategic Response: An Assessment

This research is a case study of employment challenges facing the Rochester Metropolitan area and the Finger Lakes region, and an analysis of the region’s strategic economic development plans and reports, developed in response to Governor Cuomo’s challenge to regions seeking economic development funding.  While the report finds reasons why the region’s recent weak economic […]

Reconsidering “Lost Manufacturing Jobs – The Effects of Imports and Increased Productivity”

In a post examining the causes of the decline in manufacturing employment over the past fifty years, I concluded, like other analysts, that although increases in imported manufactured products had caused part of the decrease, most of the drop resulted from productivity increases from automation and process improvements.  See for example: https://www.nytimes.com/2016/12/21/upshot/the-long-term-jobs-killer-is-not-china-its-automation.html. Because of the emphasis […]