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Buffalo Business Report- Thursday November 21, 2013



 -- Gov Cuomo is ready to announce a series of tax breaks to bring a California company to South Buffalo  and develop a clean energy research campus on the former Republic Steel and Donner Hanna Coke sites . The $225 million investment could bring 850 jobs as two California companies ramp up operations as part of a center run by SUNY's Research Foundation.  Details will be unveiled Thursday morning..  The governor is also expected to announce a $100 million for Ford's Woodlawn Stamping Plant boosting about 300 jobs there.

--(AP) A report shows some members of a New York state tax commission found that if the state ended its tax breaks for certain companies and industries such as Hollywood films, New Yorkers could save $2 billion.  For example, the state provides $400 million in tax breaks to lure TV and movie productions.
 The analysis report was prepared for the state Tax Reform and Fairness Commission, but not included in the recommendations to Gov. Andrew Cuomo.  The report recommends using the funds instead to cut broad corporate and personal income taxes.   The commissioners cited studies that cast doubt on whether the tax breaks awarded in a political process are a net help to an economy or create enough jobs to be worth the lost revenue picked up by taxpayers.

--M&T Bank is launching a pilot program to hook up unemployed mortgage holders with jobs. Working with a re employment firm NextJobs, they will have outplacement counseling and training. becoming only the second bank in the nation and the first in the state to do anything like this.

 -- BETC, The Buffalo Employment and Training Center will be accepting job applications for the new Popeye's chicken store on Elmwood avenue from 10am to 4pm  Thursday. They also are working with Erie Logistics to fill four warehousing positions. Walk ins are at 77 Goodell St. in Buffalo

-- McDonalds is getting ready to roll out Mighty wings... a version of the Buffalo Chicken Wing. But this year-- the limited edition McRib  won't be a nationwide offering and franchisees here apparently aren't offering it.   The fast-food chain says it's leaving it up to local franchise groups to decide whether to offer the pork sandwich, which comes with pickles, onions and barbecue sauce. That's a change from the past three years, when McDonald's had put the McRib on the national menu as a way to boost sales in the latter half of the year.  Franchises that decided to sell the McRib have had it for the past couple of weeks. 


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People : Andrew Cuomo
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