All posts by Geddy Sveikauskas

Better rich than poor

Better rich than poor

In Ulster County, the top fifth of Ulster County filers had more income than the remaining four-fifths. Is that equitable? Like folks elsewhere, most residents would have a ready answer — probably based on their political beliefs.

Norwegian Air grounds MAX 8 jets

Norwegian Air grounds MAX 8 jets

Norwegian Air, which makes daily flights out of Stewart Airport in Newburgh to European destinations, decided Monday to suspend flying “until further notice” its Boeing 737 MAX 8 passenger jets following the crash the previous day of a MAX 8 operated by Ethiopian Air. Last year a plane of the same model operated by Lion Air crashed in Indonesia.

Apples, oranges & anomalies

Apples, oranges & anomalies

What if you are uncomfortable with offering tax incentives to businesses to locate in your jurisdiction, worrying that the jobs you are competing for in exchange for those incentives might not be worth the losses in revenues to which you are agreeing? Worried about corporate welfare? What should we be doing differently to spur economic development? In Ulster County as elsewhere, the folks who give the tax breaks are pondering the answers to these questions.  

Scandinavian melodrama

Scandinavian melodrama

It’s ironic. Though discount carrier Norwegian Air is skating on perilously thin financial ice these days, its first full year of international service at Stewart Airport was not responsible for that red ink. On the contrary. Ending the year with a flourish, the airline’s year-end numbers signal an indisputable success at Stewart.

Scenic Hudson hopes to buy 500 acres of riverside property in Kingston

Scenic Hudson hopes to buy 500 acres of riverside property in Kingston

Scenic Hudson wants to buy the 508-acre site of the Kingston Landing development project on the former Tilcon property along the Hudson River in the City of Kingston and Town of Ulster. In a release late last Friday, the land conservation and environmental advocacy organization said it was studying transforming “the property into a public asset that would strengthen local communities’ relationship with the river, enhance tourism-based economies and complement ongoing projects to provide new recreational opportunities.” 

The world of inducement

The world of inducement

Governments at every level routinely offer consequential incentives to induce businesses to locate in the jurisdictions they favor. The premise is that these businesses will hire workers and help local economies. Sometimes these inducements pay off. Often they don’t.