Upstate New York is not attracting enough college-educated
citizens to replace those moving to other states, according
to a new analysis by the Federal Reserve Bank of New York.
The analysis, which studied Census data showing the movement
of college-education Americans between states from 1995
to 2000, found that Upstate's population problem is largely
not caused by out-migration
Projected state budget gaps in each of the next three years are even larger than had been expected, according to revised estimates in a new report from the state Division of the Budget (DOB).
DOB is projecting budgets gaps of $3.6 billion in 2008-09, $5.3 billion in 2009-10, and $6.7 billion in 2010-11
The state's Insurance Department has formally approved
revisions to workers' compensation rates that will
decrease the average employer's costs by 20.5 percent, the
New York State Compensation Insurance Rating Board (CIRB)
has announced
The Rockefeller Institute will reprise its popular seminar
on doing information technology business with New York on
Wednesday August 8 at the Desmond Hotel & Conference
Center in Albany.
The seminar, which is co-sponsored by the Procurement Services
Group of the state Office of General Services (OGS), is
designed to help participants understand the state's IT
contracting processes for information technology products
and services
Governor
Spitzer has appointed Business
Council President and CEO Kenneth
Adams to serve on the
Empire State Stem Cell Board,
which will oversee a
$600 million program intended
to promote stem cell
research and development
The cost of electricity in New York State grew 12 percent
between March 2006 and March 2007, more than twice the national
average cost increase, a new analysis of Energy Information
Administration data by the Public Policy Institute shows
A major new study of New York State's economic development
programs says that the state "must stop underwriting
the past," and should shake up its "balkanized"
development structure, work aggressively to cut the cost
of doing business, and refocus its efforts on the high-wage,
technology-enabled growth industries of the future
ALBANY—A new bill designed to help trial lawyers
determine how much insurance defendants carry would give those lawyers
a "fishing license" to sue, increase business costs in New York,
and damage the state's attractiveness as a location for new businesses,
Business Council President Kenneth Adams said in a letter to Governor
Spitzer in which Adams urged a veto
A
new ranking of states' business climates puts New York in
the middle of the pack, with a generally favorable ranking
for quality of life pulled down by one of the nation's worst
environments for taxes and other business costs
In a victory for The Business Council and New York State
employers, Governor Eliot Spitzer has announced a 20 percent
average reduction in workers' compensation premiums—a
cut that he said would save employers about $1 billion in
the 2007-08 fiscal year