State Comptroller Thomas DiNapoli has just issued a report confirming what employment statistics have been showing: upstate New York's economy has lagged behind the nation and downstate regions for years now.
E.J. McMahon joined Liz Benjamin on "Capital Tonight" to discuss the upstate economy and why the state's current policies aren't turning things around.
For several years now, Governor Andrew Cuomo has been misusing employment statistics to back up claims that his policies have ignited an economic resurgence in upstate New York.
It happened yet again today, when the governor was in Binghamton to announce that Dick's Sporting Goods had decided to locate a 650,000 square foot distribution center in the Broome County Corporate Park.
That was the seasonally adjusted annual rate of growth in New York State's economic output during the fourth quarter of 2015, according to preliminary Gross Domestic Product (GDP) data released today.
From Albany to Buffalo, the New York governor’s clubby approach to economic development invites—and deserves—scrutiny.
Click here to watch the segment. START-UP New York was launched in 2013. It's designed to provide incentives for young companies to start or expand their business on or near college campuses, and provides tax incentives to businesses. But as Local 22...
Statewide private sector employment in New York as of December was up just 1 percent over the same month a year earlier—less than half the national rate, and the lowest such growth rate in New York since the end of the recession in 2009, according to revised employment data released last week by the state Labor Department (DOL). The total year-to-year gain of just 76,500 private jobs was less than half the average recorded in each of the four previous Decembers since Governor Andrew Cuomo took office.
New York has seldom seen an executive initiative as politically radical or economically reckless as Gov. Cuomo’s proposal for a $15-per-hour statewide minimum wage.