In the midst of the COVID-19 pandemic, New York State added a major prevailing wage expansion into the enacted state budget. This decision, long opposed by the Buffalo Niagara Partnership and statewide business leaders, will make it even more difficult to attract private sector investment to a state already burdened with high taxes and extensive regulations.
Tax Foundation report places state at third worst for business tax climate
The Tax Foundation, a leading independent tax policy research organization, recently released its State Business Tax Climate Index, comparing the tax systems of all 50 states.
The recent population growth in the Buffalo Niagara region has largely been the result of immigrants and refugees. Tapping into the skills this population brings with them will help address our region’s growing workforce development struggles. That is why the Buffalo Niagara Partnership prioritized creating a state professional licensing program for immigrants and refugees as part of our 2018 Advocacy Agenda.
Higher education remains one of New York State’s most significant economic sectors. A strong percentage of that activity happens right here in Buffalo Niagara as our region is home to a robust offering of first-class public and independent colleges and universities. The Buffalo Niagara Partnership outlined our support for fully funding the state’s Tuition Assistance Program (TAP) in our 2018 Advocacy Agenda as one way to best position our economy to benefit from the impact of local higher education.
Buffalo Niagara employers operate in one of the most highly taxed and overly regulated economic environments anywhere in the country. The Tax Foundation once again ranked New York State has having the second worst business tax climate in the country. The Buffalo Niagara Partnership outlined our priorities for tax relief in our recently released 2018 Advocacy Agenda.
Benjamin Franklin once said that “in this world nothing can be said to be certain, except death and taxes.” Let’s avoid a conversation about death and instead concentrate of the (slightly) less gruesome of certain things: taxes.
The Buffalo Niagara Partnership is releasing the findings of their yearly member and advocacy survey. We’ve compiled the survey results into a Member Pulse Report. The results show employers are optimistic about Buffalo’s economy, but not positive on New York State’s economy.
Regional employers are optimistic about the local business climate, but unconvinced that New York State is becoming more business friendly. This dichotomy is just one of the top line results of the Buffalo Niagara Partnership’s annual advocacy survey.
Empire State Development Corporation has been a partner and leader in the revitalization of the Buffalo Niagara region. New York State’s economic development arm has been a central pivot for collaboration through the Regional Economic Development Council and a key organizing agency for our area’s priorities in public investment to stimulate new private growth. Beyond the agency’s support for signature projects such as Riverbend’s Tesla gigafactory and the Northland Workforce Training Center, Empire State Development offers a number of ongoing programs aimed at incrementally growing key sectors of the Buffalo Niagara economy.