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Zack Hutchins
Director of Communications

May 15, 2012

Statement from the Business Council on the Assembly Passage of Legislation Raising the Minimum Wage

ALBANY— "After the passage of Tier VI pension reform, a fiscally responsible budget and other business-friendly initiatives, the Assembly has taken a step in the wrong direction. Raising the minimum wage to $8.50 per hour would cost an extra $2,900 per full-time employee in 2013. It's unconscionable to place this burden on small-business owners, who are already struggling under state-imposed mandates.

"Not only would this legislation, if enacted, hurt businesses - it would have an adverse effect on the individuals that it is intended to help. Recent studies show that raising the minimum wage would result in lost jobs and a reduction in training opportunities for low-income employees.

"The Business Council strongly urges the Senate and the Governor to reject this anti-growth legislation."

-Heather Briccetti, president and CEO of The Business Council of New York State, Inc.