PLATTSBURGH — New York state has been named one of the Top 10 states for growth, productivity and livability in a new U.S. Chamber of Commerce study.
The report found that New York’s economy performed well across all measures, placing in the top 25 in six of seven categories.
The state moved up 11 spots in this year’s performance rankings due to rapid Gross State Product expansion and per capita personal income growth.
“The study finds that states that boost exports, foster innovation, provide businesses with certainty and reasonable taxes, insist on excellence in education and prioritize infrastructure are leading on job creation and economic growth,” Gov. Andrew Cuomo said in a statement.
He said the focus of his administration from the start has been on creating jobs and encouraging business in every region of the state.
“In the spirit of entrepreneurial government and through our New York Works initiatives, we have positioned the state as a partner to the private sector to encourage billions of dollars of new investment in nanotechnology and other growth industries,” he said.
“We are investing for the first time in new regional economic strategies that focus on the unique strengths of each part of the state, in addition to cutting taxes on small businesses and passing the lowest tax rates on middle-class families in 58 years.
“For too long, state government stood in the way of business development. Those days are ending,” he said. “Although we still have work to do, this report highlights just some of the great strides our administration, in partnership with the legislature, has made by working together.”
North Country Chamber of Commerce President Garry Douglas said it is welcome recognition of the progress Albany has made during the last 18 months to stop the state’s economic decline and create some forward momentum.
“Under Gov. Cuomo, with the support of our North Country state legislators, New York is making the kind of choices and taking some of the difficult but necessary actions that aren’t happening in Washington or in many other states,” he said in a news release.
“This includes two budgets in a row with no tax increases or gimmicks, a historic property-tax cap, pension reforms and the new regional economic development approach, among other actions that seemed impossible two years ago but which are now becoming reality,” he said.
He said the U.S. Chamber’s recognition “should serve as an encouragement for continued reform in Albany and will also help in our economic-development efforts as it invites the business community across the country to take a fresh look at New York state and the different path we are on now.”
Find the report at: http://tinyurl.com/cdhhxkv. See pages 13 and 14 for state-by-state ranking and page 67 for information regarding New York.
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