Small business owners are facing constant and complicated challenges, ranging from staffing shortages to rising costs. On May 18, the BNP convened the first Small Business Industry Leaders Forum (ILF) to explore shared strategies and to discuss how the sector can compete in a changing economy and shifting talent market.Read More
Erie County recently announced a program designed to assist small businesses that may have lost revenue during the COVID pandemic, helping them with exterior façade upgrades and improvements that will in turn attract new customers, business and revenue. The program will grant eligible small businesses in Erie County up to $40,000 to renovate their storefronts to increase foot traffic into their stores.Read More
Today, the Tax Foundation (an independent tax policy think tank) released its 2022 State Business Tax Climate Index. The report compares all fifty states on various tax policies, then ranks their overall business tax climate. New York ranked below every state except New Jersey.
NY’s rank in the State Business Tax Climate Index
The poor ranking comes as no surprise. New York has oscillated between 48-50 for over ten years. After enacting new tax increases this year, New York dropped from 48th to 49th.Read More