When it comes to upstate New York, there are economic headwinds.
The economy is not roaring like in many places around the country, and there is an argument to be made that it never fully recovered from the Great Recession in 2008.
E.J. McMahon of the Empire Center backs that up with lots of depressing facts in his paper, “One State, Two Stories.”
I pay close attention to the Empire Center’s work because of its stands for fiscal conservatism and lower taxes. It is an especially good counterpoint to the current administration.
McMahon, whose background includes turns as a journalist, chief fiscal adviser in the Assembly and 30 years as an Albany-based analyst, points out in a recent paper that there are two New Yorks — one upstate and one downstate — with two very different economies.
If you haven’t been to West Virginia recently, I can attest this is not good.
He points out that upstate New York has gained private sector jobs at one-third the national rate and one-quarter the downstate rate.
Upstate business is not booming.