economy

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.  

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