From Business Today:
Rocco Termini has completed some of downtown Buffalo's most ambitious renovation projects, from loft apartments to the ongoing work at the Hotel Lafayette. So it seems a lock that he will rehabilitate two rundown buildings on Ellicott Street into restaurants. Termini got a little help from the Erie County Industrial Development Agency in the form of tax breaks to rehab the former Golden Swan Cafe & Grille at 437 Ellicott and the former Horton Coffee Co. at 338 Ellicott St. While there was some discussion of the prudence of helping restaurants with tax breaks, the IDA decided the projects were part of the overall renovation of the downtown core.
The job count is going down at the federally funded West Valley Demonstration Project. The ongoing clean up of a former nuclear site is slowly closing down, and 90 jobs will be eliminated. The project has been a blessing for the environment and a steady employer for many years.
U.S. Senator Kirsten Gillibrand is pushing a series of bills to boost manufacturing in upstate New York. The three tax credit and grant proposals could help some companies, but the long-term solution surely lies in lowering the business tax rates in the state.
Who is getting hired, promoted and honored?