A Finger Lakes meal-kit company closed its doors suddenly this month after New York state government had sunk upwards of $14 million into the operation. Read More
Tag: Business climate
Among the bills rushed to the governor’s desk was a two-year moratorium on certain types of cryptocurrency mining. Read More
Albany, NY — New York suffered a net loss of about 1.4 million residents to other states during the past decade. With those residents went businesses and jobs, perpetuating a cycle of loss for the Empire State. “The State of Read More
"My prediction for now is this is going to be the most severe and prolonged fiscal crisis New York state and its local governments have seen, really since the Great Depression when government did not operate at the scale it now operates," Empire Center Research Director E.J. McMahon said. Read More
"The state is continuing its strategy of pursuing flashy mega-projects instead of making New York more attractive for all businesses. We're now in the second decade of this approach, and it's still failing to deliver the promised results," Girardin said. "This is the sort of economic development strategy that politicians turn to when they don't want to take on the tougher questions." Read More
Gov. Andrew Cuomo’s latest economic development “triumph” is a deal to bring a high-tech chipmaker into the 450-acre Marcy Nanocenter outside Utica, where Cree Inc. will build a $1 billion plant with 600 skilled jobs at an average $75,000 salary. Read More
High-tax New York has just lost one of its oldest money-management firms to low-tax Nashville, Tennessee—highlighting an ongoing shift of Wall Street jobs, and of high earners in general. Read More
New York ranks 49th out of 50 states in the Tax Foundation's 2017 State Business Tax Climate Index, released today. (New Jersey seems permanently mired in last place, so we've got that going for us, which is nice.) The Empire State's overall ranking on the widely noticed index is unchanged from last year, has ranged between 48th and 50th for a decade now, and has been 49 for most of Governor Andrew Cuomo's tenure. Read More