Over the last two years, New York State has created more than 300,000 new private sector jobs, and has welcomed 20,000 new small businesses in the past year alone. This year’s on-time, balanced budget continues to grow the economy by cutting taxes for small businesses and middle class families, investing further in our successful Regional Economic Development Councils, and funding initiatives to match and train our workforce for the jobs of tomorrow.
The New York Battery and Energy Storage Technology Consortium (NY-BEST, Dr. William Acker, Executive Director:
“Governor Cuomo’s bold initiatives in energy and economic development are making New York State a leader in clean tech and energy storage. “
Senator Patty Ritchie:
“I’m excited to join with the Governor in promoting products that are unique to New York – specifically, Upstate New York.”
Senator Tom O’Mara:
I agree with Governor Cuomo’s ongoing focus on jobs and creating a better business climate for our employers, and our workers and their families.
Assemblyman Dan Stec:
I applaud Governor Cuomo for recognizing that New York is the most overtaxed state in the nation and his commitment to ensuring that he will not agree to any tax hikes this year.
Assemblyman Will Barclay
I was happy to hear the Governor talk about Upstate New York, and hopeful the plans he mentioned today will translate into high-paying jobs for our region.
Monroe County Executive Maggie Brooks:
Governor Cuomo presented an agenda for 2013 that focuses on jobs and economic growth, which is good news for the residents of Monroe County and those all across the State of New York.
General Motors applauds Governor Cuomo's NY Charge Program and his focus and enthusiasm for NY to become a leading market for electric vehicles.
Fred Krupp, President of Environmental Defense Fund:
A smarter, more robust utility grid will help keep the lights on when major storms strike, and also make it easier for all of us to use cleaner, greener, more efficient energy technologies that will pay dividends not only in times of crisis but every day, for all New Yorkers.
Carrie Cullen Hitt, senior vice president for state affairs at Solar Energy Industries Association:
“We applaud Governor Cuomo for advancing policies that promote clean energy innovation, create jobs, protect the environment, and help ensure our nation’s energy security and independence.”
The Alliance for Clean Energy New York (ACE NY)
“The Governor’s proposal to create a NY Green Bank is an innovative approach to spurring greater investment in clean energy, and we look forward to working with the Cuomo administration on its successful development.”
New York State Smart Grid Consortium Chairman Robert Catell
“We applaud Governor Cuomo’s bold energy initiatives as outlined in his State of the State, in particular his vision for a new Energy Czar, his ambitious plans for a nation-leading electric vehicle infrastructure and his call to strengthen New York’s energy infrastructure.”
New York State AFL-CIO President Mario Cilento
“Governor Cuomo’s commitment to boosting the state’s stagnant unemployment benefit is welcome news to working men and women throughout the state.”
Jim Trezise, President of the New York Wine & Grape Foundation
“We applaud Governor Cuomo's clear intention and entrepreneurial approach to improving the business climate in New York State.”
Critical economic reforms in this year’s budget include:
Tax Cuts for Middle Class Families and Small Businesses: Recognizing that New York's taxpayers have been overtaxed for too long, the Budget includes $1.125 billion in new tax cuts to middle class families over three years. To provide tax relief to New York's job creators, the Budget includes nearly $800 million in tax relief for New York businesses over three years.
Hiring Tax Credits: To help New York's returning soldiers and young people find work, the Budget includes a permanent tax credit for the hiring of Veterans, and $181 million in tax credits over three years for businesses that hire youth.
Reducing Costs and Red Tape for Businesses: To reduce the crushing burden of unemployment insurance and workers’ compensation, the Budget modernizes and simplifies both systems to provide employers $1.3 billion in savings without affecting workers' benefits.
Investing in the Economy of Tomorrow: The Budget provides the initial funding to launch the Innovation Hot Spots program that will create or designate ten high-tech innovation incubators at locations affiliated with higher education institutions to encourage private-sector growth; a $50 million Innovation Venture Capital Fund that will provide critical seed and early-stage funding to incentivize new business formation and growth in New York State and facilitate the transition from ideas and research to marketable products.
Workforce Training for Job Openings: New York's workforce training is from a different era and a generic job training program does not fit today's economy. The Budget capitalizes on the opportunity of an estimated 210,000 unfilled jobs in the state by including $5 million for theNext Generation Job Linkage Program that works with employers to: identify the job; define the skill; and provide the training for it.
Protecting the Environment and Creating Green Jobs: The Budget increases support for the Environmental Protection Fund and the Cleaner, Greener Communities program, to launch new projects across the state that both create green jobs and protect New York's natural environment.
Building on the Success of the Regional Councils: The Budget includes a third round of the Regional Economic Development Councils including $150 million in new funding and $70 million in tax credits.