In promoting his twin panaceas for the upstate economy—casino gambling and tax-free zones on college and university campuses—Governor Andrew Cuomo hasn’t minced words about the region’s mediocre economic performance. “We’re on the third generation of people giving the speech and writing the story” of upstate’s decline, he said at one recent news conference. Read More
Tag: Economy
Private sector employment in New York increased by 1.7 percent during the 12 months ending in August, a period in which the number of private jobs in the U.S. as a whole grew by 2 percent, according to the latest monthly report from the state Labor Department. Read More
The latest economic data for New York continues to relate a tale of two states. Private sector employment growth in New York as a whole slightly trailed the national average on a year-to-year basis, but was much stronger in the New York City metropolitan area. The 52-county upstate region grew at just half the national rate from April 2012 to April 2013, according totoday’s monthly jobs release from the state Labor Department. Read More
New York comes in at number 35 on CNBC’s latest annual ranking of “Top States for Business.” This is down a tick from New York’s ranking on the same scale a year ago. Read More
But E.J. McMahon, president of the Empire Center for New York State Policy, said the job growth barely counts. It's an increase of less than one percent, he said. McMahon said the region is graying at a faster pace that the rest of the state because it doesn't have enough job growth to attract and keep young people. Read More
The proposed $600 million new public health lab on the Harriman State Office Campus would be state-of-the-art, built on state land and house as many as 600 public employees. Read More
New York’s SEQRA is among the most rigorous, according to Dec. 16 report from the Empire Center for Public Policy Read More
New York is one of only 14 states that still impose an estate tax. The new state budget moves a big step towards repeal—but more needs to be done to avoid chasing away wealth. Read More