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Education, business costs, competitiveness, and economic development
are among the primary concerns New Yorkers from all regions of the
state identified at a series of regional meetings hosted by Business
Council Chairman Linda Sanford.
Sanford, a vice president at IBM, summarized the concerns of participants
in an April 24 letter addressed to the more than 200 business, education,
not-for-profit and government leaders she met with at the eight
regional meetings. The letter is available at www.bcnys.org/pdf/2006/regional_report.pdf.
The time is right for action both to hone innovation and to begin
taking the necessary steps to shrink New York’s excessive
costs of doing business, Sanford wrote.
Sanford said comments at the meetings surrounded four key themes:
- Education:
“I heard from everyone that improving education —
particularly in the sciences, math and engineering —
is essential to preparing a New York workforce that can compete
and win in the innovation economy," Sanford wrote.
There was strong support for the Business Council’s
legislative proposal to fund competitive college scholarships
for students who agree to earn a bachelor’s degree in
science or math, as well as teacher certification, and then
agree to teach science or math in New York public schools
for a minimum of five years. The pending state budget contains
a provision for these scholarships.
Participants also expressed concern over availability of research
funding for colleges and universities. "Our economy in
New York, consistent with the global economy, is increasingly
driven by services industries, Sanford said. “Yet, as
some of you pointed out, our investments in education, research,
and policies do not adequately reflect this shift."
- The high cost of doing business:
“At each of our regional sessions, some more vocally
than others, a common voice was heard — the high costs
of doing business are putting the economic health of regions
in jeopardy," Sanford wrote. “Workers’ compensation
reform and health-care insurance costs were repeatedly discussed."
Unfortunately, as the budget was adopted, an opportunity was
lost for real action, Sanford wrote. The budget also fails
to address two other pillars of economic development —
the state's high cost of debt service — and the uncompetitive
level of taxation that every business and individual in New
York faces.
Businesses in Upstate and western regions were very vocal
about the impact of energy costs upon their businesses. One
business owner in the Southern Tier commented that his energy
costs were 300 percent higher than his competitors in other
states and unless ways were found to level the playing field,
he would be out of business.
Closely aligned with the high cost of doing business is the
need for affordable housing. This topic was discussed in the
Hudson Valley, Long Island and New York City, the letter said.
- Strengthen the state's economic development:
“Many expressed enthusiasm for developing clusters
of innovation patterned after the NanoTech Center in Albany,"
Sanford wrote. “Hot industries and technologies identified
as potential innovation clusters included fuel cells, stem
cell research, health care management and the food and beverage
industry."
Several regions were encouraged to look at their strengths
and identify the top priorities for economic development,
the letter said. “Most regions of the state have Centers
of Excellence and these centers can be utilized as opportunities
to encourage new or additional growth. Businesses and colleges
have seen that further collaboration is necessary to bring
new research opportunities to the regions and they will need
to partner to explore commercial endeavors."
- New York's inability to compete:
"I heard frustration with New York being at the 'bottom
of the good lists and the top of the bad lists,'" Sanford
wrote. “We need to communicate what is right with our
state, as well as what can be fixed to make it better,"
Sanford wrote. “After all, if our young people are only
hearing about everything that is wrong with our state, they
are more likely to go elsewhere after they graduate."
One step identified by a Buffalo leader called for knowledge
sharing with our fellow New Yorkers on the realities of the
new global environment we are all operating in, Sanford wrote.
"Highly skilled and highly motivated competitors like India
and China will continue to impact our competitiveness if we
don't provide our workforce with the knowledge and skills they
need to keep our state, and our country, at the forefront of
the world's innovation engine."
We also have an opportunity during this political season to play
a role in the elections by using our combined voice for our Ahead
of the Curve agenda, Sanford wrote. “The Business Council
will communicate to the statewide office seekers and regional groups
to reinforce the message of the impact that legislative action or
inaction has on local skills, jobs and economic activity."
“While the list of challenges is daunting, so are the opportunities
for making real progress in restoring the Empire State as the recognized
world capital for innovation and the engine for economic growth,"
Sanford concluded. "Much of the progress will take place at
the grassroots level – driven by your strong leadership."
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