Edmund McMahon, found and research director, the Empire Center, “At the end of the day, you’re still talking about a site that’s remote, to put it kindly. Right now, for all the marketing spin, this still feels more like a nano-fantasy." Read More
Tag: Economic Development
As the Empire Center’s Ken Girardin reported last week, new SMFP cash “was noticeably missing from the budget bills adopted on April 1, raising the suspicion that a fresh infusion” will be part of the Big Ugly legislation rushed through in the end-of-session crush. Read More
Opponents of a higher minimum wage, like the Empire Center for Public Policy, have argued that a gradual minimum wage increase would increase employer overhead and cost the state up to 200,000 jobs — and at least 11,000 in the Capital Region alone. Read More
Today's jobs report from the state Labor Department carried the usual "Jobs at All-Time High" headline (when the "high" disappears, think recession). Also as usual, the April numbers showed a wide regional variation in private job creation rates around the state—and New York as a whole continues to trail employment growth nationally. Read More
But an Empire Center for Public Policy study estimated that the state's prevailing wage mandate would drive up the cost of publicly funded projects by at least 20 percent in the Buffalo area, compared to median private-sector construction wages. The study estimated the mandate led to increases of anywhere from 13 percent to 25 percent in the state, depending on the region. Read More
We also reached out to the experts to see what they have to say. In our latest “Ask the Experts” feature, we reached out to Donnie Charleston, diirector of state and local fiscal engagement at the Urban Institute; David Friedfel, director of state studies at the Citizens Budget Commission; Bruce Gyory, a senior advisor at Manatt, Phelps & Phillips and a Democratic political consultant; Jim Heaney, the founder, editor and executive director of Investigative Post; and E.J. McMahon, research director at the Empire Center for Public Policy. Read More
The collapse of New York's effort to lure Amazon's "second headquarters" to Queens with more than $3 billion in city and state incentives sheds fresh light on a bigger, ongoing corporate subsidy—New York State's Film and TV Production Credit. Read More
The Empire Center, an Albany think tank, released a report in May 2018 that took note of New York surpassing all other states with per-pupil elementary and secondary school spending of $22,366 per pupil as of 2016. The report noted that the Empire State spent 90 percent more than the U.S. average of $11,762, up from 86 percent above average in 2015. The education spending gap between New York and the national average has grown dramatically over the past 20 years, the Empire Center noted. Read More
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