Buffalo Niagara Partnership Statement Regarding Governor Cuomo’s 2013-14 Executive Budget
“Governor Cuomo’s 2013-14 Executive Budget proposal addresses two major impediments to employers in New York State, unemployment insurance and worker’s compensation. Much needed reforms to both of these important safeguards for employees will allow employers to operate their business under predictable, manageable costs while providing fair and practical safety nets for employees that lose their jobs or are injured while doing their job,” said Andrew Rudnick, President & CEO of the Buffalo Niagara Partnership. “This budget proposal also includes another ‘installment’ of Governor Cuomo’s Buffalo Billion investment in Buffalo Niagara, including $75 million in capital funding and $25 million in tax credits. That, combined with the ‘Historic Commercial Properties Rehabilitation Credit’ proposal for developers of historic properties, reaffirms the Governor’s commitment to Buffalo Niagara and revitalizing our economy. However, the Governor’s proposed significant increase in the state minimum wage blunts the positive impact of these employer-friendly initiatives. In a state ranked 50th in business tax climate, a mandated wage hike is the exact opposite of Governor Cuomo’s ‘Open for Business’ effort and will have a negative impact on employment and job creation. Now is not the time for more employer mandates.”
ABOUT THE BUFFALO NIAGARA PARTNERSHIP
The Buffalo Niagara Partnership is the region’s private sector economic development organization and regional chamber of commerce, representing nearly a quarter of a million employees in the Buffalo Niagara region. The Partnership’s work has three main focuses: advocacy, business development and convening. By mobilizing members and strategic partners around common goals, the Partnership grows private investment and jobs in Buffalo Niagara.