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The federal Opportunity Zone program represents one of the most comprehensive place-based economic and community development initiatives in decades. Passed as part of the Tax Cuts and Jobs Act of 2017, the program has the potential to unleash trillions of dollars in unrealized capital gains into underdeveloped census tracts nationwide.
It is not a surprise that Buffalo Niagara employers have identified workforce issues as pain points. For the last two years, according to the Buffalo Niagara Partnership’s Member Pulse survey results, workforce issues have remained among the top three pain points.
The summer in between graduating high school and starting college, my Dad “made me” take a summer job with a friend of his at a local nonprofit in Buffalo. I would be helping while someone was on leave by filing, stuffing envelopes, mailing new hire packets, answering incoming calls, taking meeting minutes, you name it. I came in every day and did as I was asked.
There are many different economic incentives available to help area manufacturers expand and strengthen their business. From tax abatements to economic development grants, local and state agencies offer these incentives to promote job creation and economic growth in our communities. Incentives can often mean the difference between a company starting a project or shelving it.
The New York State Budget is so much more than dollars and cents. While it does direct spending over the next fiscal year, the state budget is also typically teeming with policy—legislation that impacts New York’s employers and taxpayers every single day. That is why the Buffalo Niagara Partnership is so actively engaged in state budget advocacy, making sure state leaders and Western New York’s senators and assembly members know what we support and what we oppose.