In the News
Note to Albany: Pushing workers over ‘benefits cliff’ makes no sense
Blog Categories
BUFFALO, N.Y. (The Buffalo News) — If the moral imperative of making work pay doesn’t prompt compensation adequate for a decent life – and clearly it often doesn’t – maybe the impact on the economy of penalizing workers for bettering themselves will change some minds.
That’s the idea behind state legislation being pushed by business groups and others to address the “benefits cliff” that is contributing to the region’s hiring woes.
“The increase in wages is not enough to make up for the financial value of these lost benefits,” especially if the cuts occur all at once, said Grant Loomis, VP of government affairs and economic development at the Buffalo Niagara Partnership.
That makes it counterproductive for some workers to take jobs or promotions.
Related Posts
Statement From BNP President and CEO Dottie Gallagher RE: Mayoral Transition
FOR IMMEDIATE RELEASE: October 15, 2024 MEDIA CONTACT: Josh Veronica, Director of Government Affairs jveronica@thepartnership.org Official Statement from Dottie Gallagher, President and CEO of Buffalo Niagara Partnership “The BNP thanks Mayor Byron Brown for his two decades of service to our City. The City has grown tremendously under Mayor Brown’s leadership. We wish him well…
Buffalo Niagara Partnership moving HQ to Cobblestone District
The Buffalo Niagara Partnership today announced its new headquarters will be at 79 Perry Street in Buffalo’s Cobblestone District.
New wage mandates could put WNY brownfield projects at risk
BUFFALO, NY (The Buffalo News) — Developer Rocco Termini is angry. Architect Steve Carmina is upset. Developer and former U.S. Rep. Chris Jacobs is worried. And commercial real estate broker Steve Blake is concerned.
All four have seen the impact of the state Brownfield Cleanup Program and its related tax credits on redevelopment activity in Buffalo, where remediation of polluted buildings and land have paved the way for new apartments, restaurants and stores.
And they say it could all come to a halt because of potential changes to the lucrative program coming out of Albany that would require them to pay higher prevailing wages to workers on those projects. And they’re lobbying Gov. Kathy Hochul to not sign the legislation that would put the prevailing wage requirement into effect.
Activating the supply chain for semiconductors
BUFFALO, NY (The Buffalo News) —Companies such as PVS Solutions and Materion Corp. already supply the semiconductor industry from their plants in Buffalo.
But there are a lot more businesses in the Buffalo Niagara region – as well as in Rochester and Syracuse – that could be suitable for the semiconductor supply chain, and might not even be aware of it.