In the News
Buffalo Next: For businesses, the bill is coming due for the pandemic surge in unemployment benefits
Blog Categories
BUFFALO, N.Y. (The Buffalo News) — New York State owes $9.3 billion to the federal government for funds borrowed to cover the cost of unemployment claims that soared during the pandemic.
Now the bill from Uncle Sam is coming due. And small businesses worry they will get stuck with the tab, in the form of significant tax increases.
“No one is questioning how unprecedented all of this was,” said Grant Loomis, vice president of government affairs at the Buffalo Niagara Partnership. “But we have to remember it was not employers who created this unprecedented level of unemployment.”
Related Posts
One difference between this storm and Snowvember? More can work from home
BUFFALO, N.Y. (WBFO) — This weekend’s snowstorm is coming off Lake Erie on the eight-year anniversary of Snowvember, but there is one big difference between that storm and this one.
Instead of clogging up the highways to get to work or potentially missing work altogether, tens of thousands of Western New Yorkers can simply Zoom in from home.
David Robinson: Hiring stagnates as companies come to grips with an uncertain economy
BUFFALO, N.Y. (The Buffalo News) —Just when it looked like hiring was starting to pick up across the Buffalo Niagara region, it stalled out again. A Buffalo Niagara Partnership survey this fall found that finding and retaining qualified talent was their biggest concern, trumping rising labor costs, which ranked as the second-biggest challenge.
Employees face financial peril with ‘benefits cliff’
BUFFALO, N.Y. (The Buffalo News) —When can a raise, a promotion, or more work hours be a bad thing for employees?When it pushes them over the “benefits cliff.”
Worker shortage top of mind for employers
BUFFALO, N.Y. (Buffalo News) — With the region’s unemployment rate running at historic lows, companies are scrambling to recruit and keep talent. But it’s a complex problem for employers to solve.