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
Beyond Micron: Syracuse and Upstate NY partners push to expand region as a semiconductor hub
SYRACUSE, NY (Syracuse.com) — Syracuse, Buffalo and Rochester, plus more than 100 public and private institutions, applied this week for a $54 million federal grant to further develop Upstate New York into a globally recognized technology corridor, with a strong focus on the semiconductor industry.
Western, upstate NY tech hub bid aims for $54 million in federal funds
BUFFALO, NY (The Buffalo News) — The “tech hub” bid submitted by Buffalo, Rochester and Syracuse plans to use about $54 million in federal funds to bolster the semiconductor industry in upstate New York.
John Persons honored for Tops leadership after 5/14
BUFFALO, NY (The Buffalo News) — As Tops Markets’ president and chief operating officer, John Persons led the company through a time of grief, following the May 14, 2022 racist attack that killed 10 Black people at its Jefferson Avenue store. Persons received the Buffalo Niagara Partnership’s inaugural Industry Leader award on Thursday, at the business group’s economic development summit.
Tech hub partners in Buffalo, Rochester and Syracuse team up for $75M funding push
BUFFALO, NY (The Buffalo News) — When Buffalo teamed up with Rochester and Syracuse to be named one of 31 “tech hubs” around the country by a federal agency, it proved that regional collaboration can pay off.
But that was just the start.