In the News
Note to Albany: Pushing workers over ‘benefits cliff’ makes no sense
BUFFALO, N.Y. (The Buffalo News) — If the moral imperative of making work pay doesn’t prompt compensation adequate for a decent life – and clearly it often doesn’t – maybe the impact on the economy of penalizing workers for bettering themselves will change some minds.
That’s the idea behind state legislation being pushed by business groups and others to address the “benefits cliff” that is contributing to the region’s hiring woes.
“The increase in wages is not enough to make up for the financial value of these lost benefits,” especially if the cuts occur all at once, said Grant Loomis, VP of government affairs and economic development at the Buffalo Niagara Partnership.
That makes it counterproductive for some workers to take jobs or promotions.
BUFFALO, N.Y. (The Buffalo News) — In facing, head on, the “benefits cliff,” the Buffalo Niagara Partnership is making an important effort to help underemployed individuals who may risk losing benefits by accepting overtime or a promotion, while also assisting business owners overcome staffing problems. The benefits cliff is a
BUFFALO, N.Y. (The Buffalo News) — The Buffalo Niagara Partnership wants to help minority-owned businesses grow, and create a pathway for them to become Partnership board members. Those goals are the driving forces behind the Partnership’s new Minority Business Initiative, which has kicked off with five participating companies. “I hope
Buffalo Next: For businesses, the bill is coming due for the pandemic surge in unemployment benefits
BUFFALO, N.Y. (The Buffalo News) — New York State owes $9.3 billion to the federal government for funds borrowed to cover the cost of unemployment claims that soared during the pandemic. Now the bill from Uncle Sam is coming due. And small businesses worry they will get stuck with the
The Buffalo Niagara Partnership announces first 5 participants in their Minority-Owned Business Initiative
The Buffalo Niagara Partnership (BNP) has a long-standing commitment to promote a diverse and inclusive business climate in the WNY region. To further this commitment, BNP has joined forces with Bank of America and National Grid to create an underwriting fund to sponsor BNP memberships as part of their new Minority-Owned Business Initiative.