I took the time to survey the GCEDC's annual report for 2009. In this report, they stated that all of the projects involved resulted in a net gain of 415 jobs. I tried to apply logic to this, but failed miserably. And the jobs I did see created, paid peanuts, which is fine for an elephant, but not a family.
Several things jumped out at me as I read this report. First, places I'm familiar with in Leroy, none of which are doing very well. Lapp Insulator had 318 jobs pre-IDA, and now has 144 FTEs (full time employees). Polymil has none. SJQ Properties, the old BOK building, has none. And R.J. Properties went from 82 FTEs to 9 FTEs after they became involved with GCEDC. Or the Creekside, which was to be open by summer 2010, sits vacant.
Jobs that were created, I'm sorry to say, are jobs at Darien Lake that pay $16,000 a year, or at Comfort Inn that pay 12,000 a year. Who could possibly survive on that amount of money? That's a month's salary for Mr. Hyde.
I also don't know how I feel about Assemblyman Hawley's insurance agency benefitting from government assistance. That seems to me to be a poor decision on both sides. To have him speak at the annual meeting with no reference to his own personal benefit seems a tad disingenuous.
While I appreciate the opportunity to view the latest report, I see nothing in there that warrants the extravagant bonuses the GCEDC gave themselves.
