Written by Adam Janos
“Challenging.”
“Cumbersome.”
“Hostile.”
From the Mohawk Valley to New York City, industry advocates agree: New York State isn’t the friendliest, or easiest, place to do business. The Tax Foundation’s 2013 State Business Tax Climate Index ranked New York as the most hostile business tax structure in the country, and Chief Executive magazine’s poll of top executives rated it 49 out of 50 on its scale of the best states for business. Only California received a worse grade.
And yet the private sector in New York is growing. According to the Department of Labor, the New York State economy added 23,800 private sector jobs this April. Since the onset of Cuomo’s administration, the state has added 339,000 jobs in the private sector, and the 1.9 percent growth in private job creation from April 2012 to April 2013 is nearly identical to the 2 percent growth nationwide during the same period.
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