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 […]
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 […]
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 […]
Government Policies and Job Growth in New York State and the Rust Belt A recent Washington Post article, “As senator, Clinton promised 200,000 jobs in Upstate New York. Her efforts fell flat.”[1] points out that during Senator Clinton’s tenure between 2001 and 2009, Upstate New York saw job growth of only 0.2%, far from what Clinton claimed could be achieved. While the article neglects to point out that […]
Syracuse’s Empty Film Hub The New York Times carried an article, “Cuomo’s $15 Million High-Tech Film Studio? It’s a Flop,”[1] on August 22nd. The article points out that the Central New York Hub for Emerging Nano Industries, owned by the Fort Schuyler Management Corporation (FSMC), a non-profit subsidiary of the SUNY Research Foundation, is largely vacant, and has housed […]
Rex Smith’s Albany Times-Union Column, “Development Dollars Draw on Politics” The Albany Times-Union carried a column by its Editor, Rex Smith on August 6th, concerning decision making by NewYork’s Regional Economic Development Councils, questioning whether their efforts are directed at areas of the state with greatest need. His column may be found here. The column draws on research that I recently published on this site. It […]
New York’s Ineffective Business Tax Incentives In 1987, New York State enacted legislation to create an Economic Development Zones Program, modelled after the enterprise zones concept, championed by Congressman Jack Kemp. Proponents argued that by reducing taxes in specific geographic areas with high concentrations of poverty and unemployment, existing firms would be more likely to create jobs, and other firms would […]
SolarCity: The Risk Embedded in Buffalo’s Billion .pdf version here: Note: This post is also published on The Empire Center website. The decision by the nation’s largest solar panel provider to locate a state-of-the-art manufacturing plant in Buffalo, and to create other jobs in Western New York, could be a needed shot in the arm for a city and a region that’s […]
The Minimum Wage Debate – Part II The Albany Times Union carried an article on March 24 detailing the connections between researchers who produced the reports for and against a minimum wage increase that I discussed in my post “A $15 Minimum Wage for New York – Benefits and Risks.” The article points out that one of the authors of the study […]
