Article in the Business Review
The Business Review did an article about how NY's business environment is hard on local businesses. I'm putting in brief excerpts here with my comments.
>New York's lawmakers talk about wanting to help business, and manufacturing businesses like Hannay Reels, but they're not really serious .... If a company doesn't have a "nano" or a "bio" or a "genetics" or a "tech" in its name, New York policymakers aren't interested ....<
I don't want to call this media bias, but the article focuses entirely on state lawmakers. They mention the National Federation of Independent Business, but they don't mention that the incumbent in Albany, McNulty, has consistently gotten terrible ratings from NFIB for his voting record.
>Improving the overall business climate is not as sexy as announcing a new bio/nano/genetic engineering company, but it's still important<
Much of the article goes along with this focus on how projects like AMD in Luther Forest get a lot of press, and may help the area economy, but it's far cheaper and far more important to improve the overall business environment. Pataki and Sweeney may want to pick the winners, but that sounds a lot like socialism.
Anyway, it's a good article in the Business Review, which generally has good stuff.
>New York's lawmakers talk about wanting to help business, and manufacturing businesses like Hannay Reels, but they're not really serious .... If a company doesn't have a "nano" or a "bio" or a "genetics" or a "tech" in its name, New York policymakers aren't interested ....<
I don't want to call this media bias, but the article focuses entirely on state lawmakers. They mention the National Federation of Independent Business, but they don't mention that the incumbent in Albany, McNulty, has consistently gotten terrible ratings from NFIB for his voting record.
>Improving the overall business climate is not as sexy as announcing a new bio/nano/genetic engineering company, but it's still important<
Much of the article goes along with this focus on how projects like AMD in Luther Forest get a lot of press, and may help the area economy, but it's far cheaper and far more important to improve the overall business environment. Pataki and Sweeney may want to pick the winners, but that sounds a lot like socialism.
Anyway, it's a good article in the Business Review, which generally has good stuff.
posted by Albany Lawyer at 12:35 PM
2 Comments:
Isn’t it one of the biggest fallacies of all time that government can create jobs through economic development? (we’re still waiting for the 200,000 jobs that Hillary Clinton promised Western New York) With all the IDA bureaucracies in NYS, if it was a fact that they created jobs, then New York should have a booming economy by now.
Instead there is no indication that they have done anything for the economy as far a bringing jobs into NYS, but have greatly succeeded in having NYS business’s playing musical chairs, moving from town to town following IDA subsidies.
It’s more like fascism than socialism, since the bureaucracies are controlled by politicians and politically connected businessmen. And you can bet who benefit’s when some sexy project gets approved at the taxpayer’s expense.
The ugly truth for the status quo is that the only way the NYS economy is ever going to rebound is to lower taxes significantly for EVERYBODY, and that means the most painful measures will be necessary, what Albany doesn’t want to hear, a significant downsizing of government.
Amen to Ray. Sounds like he's been reading about Albany's proposed Convention Center. :-)
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