CEO Magazine is the latest business publication to give New York a failing grade for its economic climate and the state’s leading small business group said it’s time for Governor Cuomo and lawmakers to knock off the public relations gimmicks and focus on better public policies.
“The best way to change perception is to change the truth,” said Mike Durant, New York State Director for the National Federation of Independent Business (NFIB). “Despite all the slick television advertising and the star-powered endorsements, the truth is that New York remains one of the worst places in the country to do business.”
Durant reacted to CEO Magazine’s 2013 ranking of states in which New York finishes in 49th place, just ahead of notoriously anti-business California. The New York page is filled with quotes from CEOs who cite the state’s sky-high taxes and suffocating bureaucracy as big disadvantages.
“We have the highest taxes in the country and a very costly, very aggressive regulatory system that punishes businesses,” said Durant. “If the corporate CEOs are complaining about New York, you can imagine how difficult it must be for small businesses to survive in this state.
“New York needs a complete course correction,” he continued. “We need lower taxes. We need fewer regulations. We need a smaller, more business-friendly regulatory bureaucracy. We need legal reform to eliminate lawsuit abuse. And we need the leaders in Albany to do more than simply talk about improving the business climate. They need to start matching their actions to their rhetoric.”
For more information about NFIB, please visit www.nfib.com.