economy

Tom Magnarelli / WRVO News

 

Central New York Republican Rep. John Katko said the amount of taxes and regulations in the U.S. are choking businesses and he wants Congress to pass some relief.

(WSKG) -- Retail and manufacturing jobs are on the decline--both in Pennsylvania, and around the country. So a state lawmaker is looking for ways to pinpoint exactly where those jobs are going--and how to stop the bleeding. 

Emma Lee/WHYY

KEYSTONE CROSSROADS - There are millions of Americans out there who don't have much of an opinion about their local convenience store brand. They'll stop at a 7-Eleven for a snack, a Shell station for gas and any old truck stop to use the bathroom. They're not likely to describe their relationship with a convenience store as "love." 

Ellen Abbott / WRVO

SYRACUSE (WRVO) - Trade is getting pushed to the top of the agenda for Rep. John Katko (R-Camillus). Katko says unfair trade practices are hurting businesses and taking away jobs in central New York. 

Mike Groll / AP Photo

A fiscal watchdog group is questioning the state’s century-old prevailing wage law for construction workers, saying it unnecessarily costs taxpayers billions of dollars a year in added expenses for big road, bridge and other projects.

Gabe Altieri / WSKG

Public money is often used to fund stadium upgrades. Elected officials say it builds up a local economy by attracting businesses, who want to set up nearby, and people, who spend their dollars in the city.

governorandrewcuomo

BUFFALO (WBFO) - With the passage of the state budget, lawmakers have approved the Buffalo Billion II, the second wave of Gov. Andrew Cuomo's economic development plan for Western New York.  The $400 million in state dollars will help boost some high-profile projects. But there are those who believe the program's lack of transparency makes it vulnerable to corruption. 

401k / Flickr

New Yorkers are feeling better about the economy than they have in over 16 years, and one economist says you can thank President Trump for that, at least in part. 

Is A Petrochemical Boom Headed For Pennsylvania?

Mar 27, 2017
Google Earth

Shell is expected to begin constructing its $6-billion petrochemical plant in Beaver County later this year. But a new, state-commissioned report says that may be only the beginning for Pennsylvania’s petrochemical industry. The report says the state will be producing enough of the right kinds of natural gas to support up to four ethane crackers in addition to Shell’s facility, which is slated to be online by 2021 or 2022.

Karen DeWitt

Members of a leading senior citizens lobbying group are advocating for a retirement plan in New York that could benefit their children and grandchildren. 

Maguis & David / flickr

KEYSTONE CROSSROADS - The Department of Community and Economic Development oversees a wide array of state programs, from business and workforce development to tourism to Main Street improvements. DCED is also responsible for Act 47, the state's distressed cities program. 

Bret Jaspers / WSKG News

Take action. That was the message from Vice President and Regional Economist at M&T Bank Gary Keith to Binghamton’s business community on Tuesday.

CENTRAL NEW YORK REGIONAL ECONOMIC DEVELOPMENT COUNCIL / FILE

(WRVO) The lack of progress on creation of an inland port in the Syracuse area is frustrating central New York business boosters. CenterState CEO President Rob Simpson says in the last six months central New York has lost out on two big opportunities to create jobs, because of lack of an inland port. 

Payne Horning, WRVO

(WRVO) Employees at the FitzPatrick Nuclear Power Plant have taken the facility offline to begin the refueling process, a reality that seemed almost impossible one year ago. FitzPatrick was rescued from closure last summer when Exelon agreed to buy it after New York state approved a massive nuclear subsidy program.  

MICHAEL MROZIAK, WBFO

(WBFO-FM) General Motors is announcing a major investment in three Western New York plants that will bring new work to the chosen sites. Governor Andrew Cuomo was among those who traveled to GM's Tonawanda Engine Plant to hear and celebrate the news Wednesday morning. 

Katie Meyer

(Harrisburg) -- The state Department of Banking and Securities has issued a progress report on a year-old program intended to educate Pennsylvanians about financial risks and management. 

AP Photo/Andres Kudacki

(WXXI) A new Siena College survey shows that holiday gift spending among New Yorkers will be pretty similar to what it was last year. The survey shows that more than half of those polled will spend under $500, according to survey director, Don Levy. 

Gabe Altieri / WSKG

Binghamton University's Decker School of Nursing will expand into the former Endicott-Johnson Shoe Company factory.

Margaret J. Krauss/90.5 WESA

Banks make it possible to build credit, wealth, and security. But for the 7 percent of U.S. households that don’t have a checking or savings account, those benefits remain out of reach.

NEWYORKFED.ORG

The Federal Reserve Bank of  New York is out with a report on the country’s well-being when it comes to how Americans are doing in terms of credit availability and the overall health of their credit lines.

Scranton, A City That's Seen Many Come and Go

Oct 5, 2016

On this episode of Grapple, we follow a thread of narratives about leaving and staying in Scranton with one of our reporters who’s got a personal connection to the city. Conversations include the ups and downs of business in the area, whether Scranton’s newest immigrants are fitting in, and how cheap housing and little crime could help Scranton grow again.

Lindsay Lazarski/WHYY

(Keystone Crossroads) In some Pennsylvania cities, it seems like "pop-ups," where vacant land is temporarily converted into community space, are around every corner. In Pittsburgh, you can play life-size chess and mega Jenga in an unused office park, or sit in a tiny dumpster park. A lot underneath Philadelphia's abandoned Reading Viaduct has found new life as a summer beer garden.

Senate Democrats / flickr

Two companies will bring 600 jobs in Western New York and the Southern Tier. That according to New York Senator Charles Schumer, who says Pioneer and ConServe have been awarded federal contracts to help the IRS collect unpaid taxes.

DRAKEN EXPEDITION AMERICA

(WRVO) The replica Viking ship Draken Harald Hårfagre has sailed out of the Great Lakes, wrapping up a contentious visit.

shorts and longs / Flickr

 

The pro-business group Unshackle Upstate is out with its rankings of New York legislators who are seeking re-election in November. 

AP Photo/Keith Srakocic

In Pennsylvania, seven out of 10 workers don't have a college degree. That's a demographic that has been particularly hard hit by unemployment and wage declines since the 1980s. 

Third Way / Flickr

Foreign trade deals are a contentious issue at the Democratic National Convention in Philadelphia. 

New York’s senior senator, Chuck Schumer, weighed in Wednesday, saying he’s against the Trans-Pacific Partnership proposal, known as the TPP. 

Gabe Altieri / WSKG

Dick's Sporting Goods is investing where the company started. 

Dennis Danen/Flickr

    

Government employers in the Southern Tier had more job loss in the past year than any other sector, according to the New York Department of Labor.

The job count for government workers decreased by1,100 for the 12-month period ending in May 2016. While almost every other sector saw a loss, no other fell my more than 900.

 

Christian Harris, an analyst with the Southern Tier section of the department, says one reason for the continued dip could be the state’s property tax cap.

 

High-Tech Companies Expanding In Syracuse

Jun 3, 2016
Ellen Abbott, WRVO

(WRVO) Two high-tech companies in Syracuse are expanding with the help of New York state. Officials say it’s a reflection of a broader trend of economic development in upstate New York.

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