New York's combined state and local business tax
climate is among the 10 worst in the nation, according to
a recent analysis of state business taxes.
The 2008 State Business Tax Climate, published in October
by the Tax Foundation, reports that New York's tax
climate ranks 48th in the nation – one place below
where the foundation ranked the Empire State on its 2007
index
Upstate's foreign-born workers have contributed to
the area's human capital and helped to boost stagnant
population growth in some areas, a new report by the Federal
Reserve Bank of New York has found.
While foreign immigration to New York City is tracked and
analyzed by many sources, a “substantial number”
of immigrants travel Upstate to settle, the report said
ALBANYNew York State's Medicaid spending increased 3 percent between
2005 and 2006, despite an average decrease in total Medicaid spending
seen nationwide, according to a new analysis by The Business Council's
Public Policy Institute.
The Institute analyzed Medicaid spending data for New York and the other
49 states as the latest installment in its Just The Facts series
of key economic and statistical indicators for New York
GE will add 500 professional jobs and invest more than
$39 million at GE Energy's power generation headquarters
in Schenectady, the company announced Wednesday.
Governor Eliot Spitzer and other top state and local officials
joined company representatives at a Schenectady event announcing
the expansion
ALBANYNew York's job growth in the key employment sectors of financial activities and professional and business activities lagged behind most other states over the past 10 years, a new analysis by the Public Policy Institute shows.
The Public Policy Institute, the research arm of The Business Council, analyzed Bureau of Labor Statistics non-seasonally adjusted annual job numbers for 1996 through 2006
Council President Kenneth Adams says event must be used
to promote economic development; locations to change each year ALBANY—Business Council President Kenneth
Adams announced today that The Business Council will hold its 2008 Annual meeting September 16-18 in Buffalo.
Governor Eliot Spitzer has committed to attending the meeting and delivering a keynote address, Adams noted
Governor Eliot Spitzer's budget director Thursday sent New York's business community mixed signals about the prospect of a heavier tax burden next year.
"Governor Spitzer has been very clear that he does not intend to raise taxes," Paul Francis, director of the state Division of the Budget, said in response to a reporter's question during a presentation at the Rockefeller Institute in Albany
The Business Council has urged Albany to reject a bill
that would lead to job loss and increase business costs
by imposing harmful and unnecessary regulations on the Internet.
“New York needs a consistent telecommunications policy
that fosters economic development and growth through innovation,
not unnecessary and harmful regulation,” Business
Council President and CEO Kenneth Adams wrote in testimony
submitted to members of the state Assembly Committee on
Corporations, Authorities and Commissions
New York State spending will outpace revenues significantly
over the next four years, leading to an estimated $8.7 billion
spending gap by fiscal year 2010-11, according to state
Comptroller Thomas DiNapoli's annual report on state
finances
The state Assembly's Commission on Skills Development
and Career Education will host a meeting on emerging “green”
jobs and job possibilities for the Central New York Region
Friday October 19, at Onondaga Community College in Syracuse