From Albany to Buffalo, the New York governor’s clubby approach to economic development invites—and deserves—scrutiny. Read More
Tag: Economy
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. Read More
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. Read More
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. Read More
One of New York State's highly touted high-tech "investments" just shorted out. General Electric announced today it is pulling the plug on its Durathon battery project, which is manufactured by a Schenectady-based subsidiary, GEMx Technologies. The project, which for a time employed more than 350 people, was awarded $12.5 million in "JOBS Now" capital funding from the state Empire State Development Corp. in 2013. Read More
Governor Andrew Cuomo wants New York to be become the first state in the nation to mandate a minimum wage of $15 an hour—more than double the federal minimum. Read More
Governor Andrew Cuomo’s proposal to increase the minimum wage to $15 an hour would cost New York between 200,000 and 588,800 jobs, according a report released today by the Empire Center for Public Policy. Read More
E.J. McMahon, president of the Empire Center, joined Fred Dicker to discuss the latest upstate jobs numbers. Read More