The types of jobs available in Buffalo have changed post-recession, with midlevel skilled jobs disappearing and high and low skill jobs growing. The loss of jobs in fields such as teaching, office administration, factory work and construction work during the recession is exacerbated by the fact that many midlevel jobs, such as manufacturing, are being automated or sent to cheaper markets. Growth has occurred on the high and low skill ends of the spectrum, however, with increases in …
The ECIDA is a public benefit corporation created by the New York State Legislature for the purpose of attracting and retaining private sector business development in Erie County. That development creates local job opportunities and improves the overall economic environment for the people of Erie County.
The ECHDC is currently developing the Inner and Outer Buffalo Harbor, most notably where the historic terminus of the Erie Canal is. The ECHDC is also developing some of the surrounding area including the old Memorial Auditorium and the Donovan State Building.
Multiple IDA’s confuse businesses and force them to navigate too much red tape. There are too many IDA’s and they have overlapping areas of responsibility. Multiple IDA’s contribute to the region’s economic decline. Multiple IDA’s foster a spirit of intramural competition among municipalities rather than fostering a spirit of cooperation to compete at the varsity level (i.e. national and international level. No real growth is generated by …
The CVB is currently drafting a five-year strategic plan that will guide its sales and marketing efforts on behalf of the local tourism industry. The plan, when complete, will serve to refine the CVB’s mission as a destination marketing organization and the official tourism promotion agency for Erie County. Focus groups have been conducted with a variety of partner organizations representing the hotel, restaurant, retail, attraction, sports, cultural and philanthropic …
The Community Development Block Grant (CDBG) Program is a federal program run by the United States Department of Housing and Urban Development (HUD). CDBG grants are provided to state and local governments for the purpose of addressing community needs such as affordable housing, job creation, and retention and expansion of business activity. Grants are available for projects lasting from one to three years. Seventy percent of the funding must be used for the benefit of low and …
Brownfields are abandoned or underutilized properties for which expansion, development, or reuse may be complicated by environmental contamination, such as the presence of a hazardous substance or pollutant. Examples of brownfields include the former sites of factories, mills, rail yards, gas stations, and dry cleaners.
Historic preservation is the physical rehabilitation of historical buildings and neighborhoods. The United States began its campaign for preservation in the 1960s. Historic preservation has been a concern for the United States for a long time. In 1966, the federal government established the “National Historic Preservation Act”. The purpose of the act was to insure that the cultural and historical foundations of the country were preserved in the face of …
The subsidies to franchise owners take two forms—tax breaks and the availability of arenas at a very low cost. Public subsidies take the form of new stadiums and arenas provided by local authorities and financed by taxpayers or by issuing state bonds. The subsidy starts with the federal government, which allows state and local governments to issue tax-exempt bonds to help finance sports facilities. Tax exemption lowers the interest on debt and so reduces the amount that …
The Power Authority gives subsidies in the forms of discounted power to municipalities, industrial customers, and through various means to residential customers. Until recently, power leftover after sales to industrial customers went to National Grid, a private entity, which then passed on some of the savings to residential customers. Now the Power Authority keeps that leftover power that they can sell at normal rates elsewhere.
The OED has constant challenges in getting enough financial resources. Since there is no specific budget allocation, the OED must compete with other priorities of the Department of Planning and Economic Development. Another challenge that the OED faces is complicated ownership issues, specifically with brownfields. In order to remediate the sites, legal ownership issues have to be resolved. At times, this process is arduous and time consuming.
Erie County created the Office of Arts, Culture and Tourism (ACT) in 2001, which operates within the Erie County Planning division. The purpose of this group is to oversee the distribution of an approximate $9 million annual investment among Erie County’s cultural tourist attractions. This money is dispersed under two grants. One of these grants, the Public Benefit funding, awards money to not-for-profits that focus on the region’s economic development and engage …