The new math for the 21st Century economy isn’t adding up for the Buffalo Niagara region.
That was clear from two events last week.
The news that bankrupt General Motors Corp. would cut upwards of 260 jobs at its Tonawanda Engine Plant—as much as 30 percent of its remaining work force—was further evidence that the loss of 20th Century jobs continues unabated.
A couple of days later, executives at Greatbatch Inc. and local politicians and development officials trumpeted the continued growth at the Clarence medical device and battery manufacturer, especially is expansion of its research and engineering operations here.
via Economy’s new math doesn’t add up : Business Columns : The Buffalo News.
