Jobs

There are 29 posts filed in Jobs (this is page 1 of 3).

The Proposed STAMP Data Center: A Closer Look at the Benefit/Cost Claim

A large-scale data center campus known as Project Double Reed is planned for the STAMP industrial site in Genesee County. According to the applicant’s February 18, 2026 SEQR filing, the project would occupy roughly 90 acres, divided between a 60-acre North Campus and a 30-acre South Campus. It is designed as an extremely power-intensive facility: the project’s utility filing says it is expected to require about 500 megawatts of electric load. In comparison, STAMP’s electric plan contemplates a substation system expandable to 600 megawatts.

The project summary submitted to GCEDC also states that the developer is seeking a package of public assistance, including major sales-tax and mortgage-recording-tax exemptions, and a long-term PILOT arrangement, while projecting substantial electricity-related tax payments and other revenues over time. In short, this is not a conventional industrial project with large permanent employment; it is a very large, utility-intensive data center proposal whose economic case depends heavily on assumptions about long-run operating benefits and public costs. Are the sponsor’s claims well supported?

New York’s Uneven Economy

Although the COVID pandemic caused double-digit unemployment levels in 2020, the nation’s recovery has been rapid. Unemployment decreased quickly in New York and the country, dropping to 4.4% in New York and 3.5% nationwide in July 2022. The recently announced July number for the United States is as low as pre-pandemic unemployment levels in late […]

With a New Governor, New York Faces Economic Challenges

For decades, New York has had substantial disparities in economic performance. Although some parts of the State are doing relatively well, much of it has declining employment, higher levels of poverty, lower household income levels, and fewer adults working than the nation. Over most of the past decade, job growth was limited to Eastern New […]

COVID-19 erased New York’s Employment Gains over the Past Decade

From June 2011 to June 2019, New York saw employment increase by 388,440 – 4.4%. But by June 2021, the pandemic had erased all those gains. In June, the state’s employment was lower than in 2011 – by 72,916 jobs or 0.8%. Both before the COVID pandemic and in June 2021, New York’s job performance […]

New York State Gave $2.6 Million to Build a Food Greenhouse that Pays One Dollar Above the Minimum Wage

In April of this year, Green Empire Farms in the central New York city of Oneida became notorious as the location of more than 170 Covid-19 cases.  The facility is a massive 2.8 million square foot greenhouse where vegetables and fruit, including strawberries and cucumbers, are produced.  County health officials believe that the outbreak occurred […]

President Trump’s Economic Renaissance – Fact or Fiction?

During the 2016 campaign, Donald Trump claimed that his policies would “Make America Great Again,” creating jobs by redressing trade imbalances.  He argued that “We will make America the best place in the world to start a business, hire workers, and open a factory,”   Trump claimed that he would change policies that  “allowed foreign countries […]

Covid-19: The Cost in Lost Jobs

With more than 190,000 lives lost and millions infected, Covid-19 has imposed a tragic toll on residents of the United States.  New York State was hit hard early on, and has lost 32,600 residents to the disease as of early September  But strong controls that shut down much of the state’s economy for weeks during […]

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 […]