upstate economy

11:00am

Thu August 16, 2012
Regional Coverage

Retail stores offering more food from local producers

An in-store display at Wegman's in Liverpool showcases locally-grown produce.

As fast as veggies are popping up in the garden, local foods are showing up on grocery store shelves throughout northern New York.

A new food co-op recently opened in Clayton, in Jefferson County, that showcases locally-sourced vegetables and other products, but big grocery chains like Hannaford and Wegman's are getting in on the trend, too, adding more of the region's products to store shelves.

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5:32pm

Fri August 10, 2012
Regional Coverage

Cuomo says Article X strikes right balance on power issues

While at Fort Drum this week talking about biomass fuel, Governor Andrew Cuomo chimed in on another energy issue – one much more likely to strike nerves in the North Country: the state's new Article X law.

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9:33am

Tue August 7, 2012
Regional Coverage

Governor praises coal-to-biomass plant conversion at Fort Drum

Governor Andrew Cuomo spoke to the press yesteday after touring an idled coal plant that is being converted to a wood biomass facility on Fort Drum.
Joanna Richards WRVO

Governor Andrew Cuomo traveled to Fort Drum Monday, where he toured an idled coal plant being converted to produce power using wood biomass.

Cuomo says he is going to send a letter to Secretary of Defense Leon Panetta urging the Defense Department to draw up a contract with the plant to provide energy to Fort Drum.

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4:06pm

Mon August 6, 2012
Regional Coverage

New York's record on economic development projects mixed

Governor Andrew Cuomo says New York’s track record on supporting economic development projects is hit and miss.

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8:00am

Sun August 5, 2012
The Upstate Economy

Greek yogurt helps boost the dairy industry and upstate's economy

fishhawk Flickr

Greek-style yogurt now accounts for about a quarter of all yogurt sales in the United States.  Much of it is made in upstate New York, where this low-tech industry is having a big economic impact.

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10:06am

Fri August 3, 2012
The Upstate Economy

Fiber optic company plans expansion in Albany

"This region is hot. It's incredibly hot," said Lieutenant Governor Bob Duffy, touting the government's role in helping Tech Valley Communications expand and stay in Albany.
Marie Cusick/Innovation Trail

A telecommunications company that builds fiber optic networks throughout the Northeast is expanding its headquarters in Albany, despite offers to relocate out-of-state.

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9:23am

Thu July 26, 2012
Regional Coverage

Watertown airport reaches 10,000 passenger milestone

Passengers wait for a 7 a.m. flight to Chicago at the Watertown International Airport.
Joanna Richards/WRVO

Watertown International Airport swapped its 9-seater flights to Albany for 44-seater flights to Chicago back in November. So far, passengers and officials seem to agree it's been a big success.

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7:32am

Thu July 19, 2012
The Upstate Economy

Sensor startup senses golden opportunity

Courtesy photo / Sensorcon

Are we on the verge of a “sensor revolution?”

Sensorcon hopes so. The Buffalo-based tech startup envisions a world where the average person is empowered with a small device that reads temperature, carbon monoxide levels, dew point and more.

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7:13am

Thu July 19, 2012
Regional Coverage

Brewery tax credit law signed

Gov. Andrew Cuomo at Matt Brewery in Utica
Ellen Abbott/WRVO

New York state is trying to get out of the way of the burgeoning number of craft breweries in the state. Governor Andrew Cuomo signed a law Wednesday that uses a mixture of tax credits and incentives to boost the beer business.

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4:21pm

Wed July 18, 2012
Regional Coverage

Dry weather threatens hay, corn crops

The hot, dry weather is taking a toll on crops in the region. Scattered heavy rains have brought some relief to some areas, but overall, production of field crops like hay and corn is suffering. In the North Country, it's been decades since the area experienced a summer so dry.

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9:07am

Thu May 3, 2012
The Upstate Economy

DiNapoli: IDAs not delivering on job creation promises

Comptroller Thomas DiNapoli says "taxpayers are not getting enough bang for their buck when it comes to IDAs."
Matt Ryan WMHT

More tax breaks does not equal more jobs.

That's according to State Comptroller Thomas DiNapoli's latest report on New York's industrial development agencies (IDAs).

In his fifth report on IDAs [PDF], DiNapoli says the number of jobs created by the local economic development engines dropped by 22,000 from the year before.

DiNapoli also cites a $483 million gap in what IDAs gave out in tax breaks and how much they took in via payments-in-lieu-of-taxes (PILOTs).

That breaks down, the report finds, to a $2,659 cost per job - up 9 percent from the year before.

"Taxpayers are not getting enough bang for their buck when it comes to IDAs," DiNapoli said in a statement.

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4:00pm

Thu April 19, 2012

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