New York State's economic development agency spent more than $200 million to advertise its programs without attempting to measure whether the ads produced results, according to an audit by state Comptroller Tom DiNapoli.
A little-noticed section of Governor Cuomo’s State of the State “Opportunity Agenda” calls for investing another $100 million in state money in startup companies—even as federal auditors probe Innovate NY, the state’s original dalliance with venture capital (VC).
A Rust Belt industrial "boom" spurred by new energy production is the focus of a front-page story in today's New York Times — highlighting, once again, the sort of growth upstate New York is not experiencing while Governor Andrew Cuomo continues to stall the issuance of regulations allowing hydraulic fracturing to produce shale gas.
Governor Andrew Cuomo, who already signed into law one increase in New York’s statewide minimum wage, has agreed to support raising the minimum another notch and giving localities the discretion to go even higher — all reportedly as a condition for receiving the endorsement of the labor union-dominated Working Families Party (WFP).
"Uneven growth" in U.S. factory jobs since the recession is the subject of a front-page article in today's Wall Street Journal--and upstate New York is featured as a prime example of a region left behind by the positive trend.
The cities of Buffalo and Niagara Falls continued to lose population between 2010 and 2013, according to the latest U.S. Census estimates, and the Buffalo-Niagara Falls metro area created jobs at less than half the national rate in the past year, Labor Department data show.
But never fear: state and local pols are riding to Western New York’s rescue with a sure-thing ”catalyst of economic growth.”
Year-to-year private sector job growth in New York trailed the national average once again in April, according to the latest monthly state Labor Department report. And on a month-to-month, seasonally adjusted basis, New York added almost no jobs in April, the report showed.