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The Public Policy Institute

Beating Them At Their Own Game


HOW NEW YORK STATE CAN GRAB
ITS SHARE OF 2 MILLION NEW JOBS

For years, other states have taken more than their fair share of the nation's new jobs, leaving New York in the dust. We're doing better now, but our economic growth still lags most other states. We can change that. How? By beating other states in the tough game of convincing employers New York wants them here. Among other things, that means using major financial incentives for big businesses that can create thousands of jobs at a time. (Introduction)


Virginia, Ohio, Michigan and other states that beat us out for new businesses and jobs are increasingly using significant financial incentives to help big employers reduce costs. And, especially now, those incentives are worth it: the nation will create some 2.1 million new jobs in 1997. (Chapter 1)


To meet the needs of consumers and investors, businesses are compelled to minimize costs. And to do so, they look at every expense driver in a potential new business location — taxes, labor relations, energy, everything. (Chapter 2)


Being more aggressive in attracting business and jobs is essential because, while our private-sector job growth is closer to the national rate than it was, we're still catching up. Meanwhile, the states that are already beating us are working hard to become even more competitive. (Chapter 3)


The economic development product — our business climate — is improving, as is the process by which we seek to stimulate new jobs. New York has only just begun to make people forget our hostile image of the past, though. (Chapter 4)


Introduction
Chapter 1 Site Selection, Incentives And Jobs
Chapter 2 Why Jobs Go Where They Go: A Closer Look
Chapter 3 Economic Development In New York
Chapter 4 Getting Better, But Still Not Good Enough

 

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