Even as the state Assembly was voting yesterday to extend a moratorium on hydrofracking of gas shale deposits in upstate New York, new economic reports were showing the benefits of fracking in nearby states. Read More
Tag: Economy
The weekly City and State opens its feature on the minimum wage issue with a portrait of Michelle Dawkins, who rises at 2:30 a.m. to earn $7.25 an hour ferrying wheelchair-bound passengers among the terminals at JFK airport. Assuming she is able to work 40 hours a week without a sick day, Dawkins “will make $15,080 over the course of a year,” the article says. Read More
In his fourth annual State of the State message tomorrow, Governor Andrew Cuomo will (naturally) seek to highlight the most positive aspects of New York’s economic performance under his leadership. Read More
Adding a fresh chapter to the seemingly never-ending saga of government excess and regulatory insanity, New York’s state Labor Department reportedly will use federal emergency funds to pay $51.71 an hour to temporary workers hired to clean up Poughkeepsie’s Fallkill Creek Read More
Employee compensation in the state and local government sector increased at twice the private-sector rate during the 12 months ending in December, according to national data released todayby the federal Bureau of Labor Statistics. Read More
New York’s rising unemployment rate is “presenting a challenge for Gov. Andrew M. Cuomo as he tries to build an image as a fiscal centrist who can transform the state’s business climate,” today’s New York Times reports. Read More
Job growth in New York over the past year fell below the national rate for the first time since the recession, Comptroller Thomnas DiNapoli points out in a report issued today. Read More
The one promising new wrinkle in the upstate economic development plan unveiled today by Governor Andrew Cuomo is the offer of full (if impermanent) exemptions from state business and personal income taxes, as well as sales taxes, to firms that expand into designated Tax Free Zones at colleges, universities and “strategically located state-owned” properties. Read More