The ‘Blueprint for New York – Creating a Roadmap for Change’ has been released by The Public Policy Institute of New York (PPI), and it doesn't have good news. NY ranks #50 in terms of business friendliness in the “America’s Top States for Business” list.
Rep. Elise Stefanik (R-NY) said, “A disturbing report is out highlighting how failed Far Left Democrat politicians like Kathy Hochul have destroyed New York. The depressing data: Population Plummeting! Job Growth: Lower than the national average! Cost of living: higher! 300,000 job-killing regulations on the books. The Worst Governor in America, Kathy Hochul, is responsible for this mess. She must be fired to Save New York!”
“As the country watches the Northeast decline, the focus is easily on New York. Once the envy of most, the state is now a prime target for other states to recruit the businesses and talent needed to flourish,” said PPI.
Just 21% say New York is on the right track, 72% see NY’s economic conditions as poor, and only 2% believe Albany lawmakers represent their interests.
NYS Conservative Party Chairman Gerry Kassar says, “Not surprisingly for New Yorkers cynicism remains King in Albany. We vote with our feet by moving to other states, we await the Governor and Democrat Legislator’s next assault on the taxpayers and we fear a NYC government that would make Chairman Mao proud. What’s there to like?”
High taxes, excessive regulations, and the overall cost of doing business are viewed as primary barriers. Housing shortages, workforce availability, and infrastructure challenges also hinder economic expansion. Additionally, crime, population decline, and the outmigration of businesses and workers are seen as critical issues affecting the state’s economic future.
Top priorities identified to improve competitiveness include reducing government regulations, lowering business taxes, and addressing power capacity, supply, and transmission.