Saratoga and Albany counties, where tech companies are focused, have the brightest outlooks for the future, according to an annual business confidence survey released Wednesday by University at Albany School of Business, and Marvin and Co., a regional accounting and consulting firm.
The economic outlook was dimmer in other places, like the Adirondacks and Schenectady County, where businesses were much less likely to see technology driving local economies and also foresaw weaker economic prospects.
Saratoga and Albany counties, where tech companies are focused, have the brightest outlooks for the future, according to an annual business confidence survey released Wednesday by University at Albany School of Business, and Marvin and Co., a regional accounting and consulting firm.
The economic outlook was dimmer in other places, like the Adirondacks and Schenectady County, where businesses were much less likely to see technology driving local economies and also foresaw weaker economic prospects.
(Tax Payer subsidized) Saratoga Chip Plant, GlobalFoundries, is part of the reason that Saratoga leads the area in high paying jobs. Tax Dollars spent to upgrade infrastructure and tax breaks for business, as well as an involved local govt, and local high tech education centers all helped to make this area a success.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
I'm no fan of those subsidies either... Very skeptical in the long run all the gifts will result in equal or more tax revenues from profits, salary, etc.
In Schenectady it is a clear failure that $100MM was "invested" (thrown away) with no impact on quality of life of the average homeowner or lower taxes.
Strategic investment makes sense yes - if someone would show me one data point that truly shows an improvement for the homeowner in this city, I'll listen. So far I just see houses selling at a loss, people walking away from their houses, city services getting worse, and the biggest beneficiaries of the "investment" are the wealthy and city employees. (And of course Morris getting all that taxpayer money while taking at least one business off the tax rolls)
I'm no fan of those subsidies either... Very skeptical in the long run all the gifts will result in equal or more tax revenues from profits, salary, etc.
In Schenectady it is a clear failure that $100MM was "invested" (thrown away) with no impact on quality of life of the average homeowner or lower taxes.
Strategic investment makes sense yes - if someone would show me one data point that truly shows an improvement for the homeowner in this city, I'll listen. So far I just see houses selling at a loss, people walking away from their houses, city services getting worse, and the biggest beneficiaries of the "investment" are the wealthy and city employees. (And of course Morris getting all that taxpayer money while taking at least one business off the tax rolls)
I'm no fan of those subsidies either... Very skeptical in the long run all the gifts will result in equal or more tax revenues from profits, salary, etc.
In Schenectady it is a clear failure that $100MM was "invested" (thrown away) with no impact on quality of life of the average homeowner or lower taxes.
Strategic investment makes sense yes - if someone would show me one data point that truly shows an improvement for the homeowner in this city, I'll listen. So far I just see houses selling at a loss, people walking away from their houses, city services getting worse, and the biggest beneficiaries of the "investment" are the wealthy and city employees. (And of course Morris getting all that taxpayer money while taking at least one business off the tax rolls)
Agree....let's also not forget tho that people flocked to the area around Global Foundries for a job and to relocate (housing). The surrounding communities housing market exploded. Follks were putting their homes on the market and they were selling in less than a month.....AND getting their price. The point is.....the communities surrounding Global, were inviting. That would not have been the case in Schenectady......METROPLEX/GILLEN comes to mind.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
The investment IS having some impact. The businesses around Proctor's DO pretty good business on show nights. Try getting a table at (the phenomenal) Johnny's on a weekend before a show - not easy.
And yes they do pay other taxes (sales) that help the city. There are numerous ways it "trickles down" through the staff employment, utility taxes, other necessary services. (Really!)
I find it interesting that liberals say trickle down economics doesn't work, but then want to invest money to see the above trickle down benefits.
Regardless - while the investment has yielded benefits, since the primary role of Metroplex was to improve the tax base, with housing prices falling, taxes going up, and houses being abandoned - at the highest level the metrics show that Metroplex is not succeeding.
I can't find the benefits. There's a cost/benefit ratio, and I would have to see the real numbers to even begin to calculate it. Just seeing people dining out in a pretty building after a show doesn't prove anything. If it was so profitable, why would taxpayer money be necessary in the first place? on my own, I came up with a number for sales tax in a place that was open on a Proctor's show night. Mind you, not every patron is there due to Proctor's, you would have to come up with the difference between show nights and non-show nights. I came up with a figure of 28 dollars, without a way to figure if it was due to Proctor's or not. I know people who go down to the Bier Abbey who never go to Proctor's, for instance. Utility taxes on a taxpayer supported business, that isn't even a drop in the bucket. Staff employment, we've discussed that on here before. Now when people tell me it trickles down, down to whom? That can't really be figured out without any numbers. The real numbers I've seen, the ones in the article in the paper on Proctor's, were shocking and horrendous. Why on earth anybody allows that man to have his way with any money but his own is beyond my ability to fathom. Again, what benefits? If I wanted to 'invest' in Bombers I would've handed money to Matt Baumgartner myself. That would have done me as much good as it does to have the city hand him money. The only reason I can come up with for these people not to come up with numbers showing benefits, is because there aren't any. In fact, it is much worse than no benefit, it is harmful except to those who are in on it.
The investment IS having some impact. The businesses around Proctor's DO pretty good business on show nights. Try getting a table at (the phenomenal) Johnny's on a weekend before a show - not easy.
And yes they do pay other taxes (sales) that help the city. There are numerous ways it "trickles down" through the staff employment, utility taxes, other necessary services. (Really!)
I find it interesting that liberals say trickle down economics doesn't work, but then want to invest money to see the above trickle down benefits.
Regardless - while the investment has yielded benefits, since the primary role of Metroplex was to improve the tax base, with housing prices falling, taxes going up, and houses being abandoned - at the highest level the metrics show that Metroplex is not succeeding.
trickle down to dishwashers/wait staff....are those long term jobs? sure every 20 something needs a job like that but those jobs don't buy homes in a decent neighborhood anywhere in NYS, not just Schenectady.
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
trickle down to dishwashers/wait staff....are those long term jobs? sure every 20 something needs a job like that but those jobs don't buy homes in a decent neighborhood anywhere in NYS, not just Schenectady.
The desacrilization of the unspoken reaffirms the legitimation of (self)referentiality.
Posthumously published fragment on the relationship between the desacrilization of the unspoken and the legitimation of (self)referentiality barely conceals apologetic motives.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
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