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 […]

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 […]

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 […]

Upstate’s Uneven Metropolitan Economies – Implications for Policy Makers

The story of New York’s job market since the 1990’s has been a tale of two regions.  The New York City metropolitan area, where two-thirds of the state’s population lives, has seen private sector employment growth (42.4%) that is near the national rate (48.3%). Albany-Schenectady-Troy’s employment growth – 27.5% – is higher than the remaining New York […]

Traded Employment Losses Since 2001 in Upstate New York

Metropolitan areas in Central and Western New York, like others in the Rust Belt that had high concentrations of manufacturing employment, have been hit hard by the loss of manufacturing jobs.  Ninety-one thousand net manufacturing jobs were lost in the 2001-2010 decade in five upstate metropolitan areas – Utica-Rome, Syracuse, Rochester, Binghamton, and Buffalo-Niagara Falls. […]

Nexgen in Syracuse – Throwing Good Money after Bad?

Update:  Note that the Syracuse Post Standard carried the following article on January 4th:  http://www.syracuse.com/business-news/index.ssf/2018/01/ny_taxpayers_built_90m_factory_in_dewitt_for_firm_that_walked_away_didnt_create.html The article quotes ESD spokesman Jason Conwell.  “Conwall said the grant will be contingent on the company meeting its job commitments. Details of the grant’s terms will not be available until the grant disbursement agreement is executed later this month, but they […]