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New York State Business Climate: Site Selection Magazine Rankings

New York State Business Climae: Site Selection Magazine does not paint New York State in a positive light.
A new ranking out in a corporate real estate magazine puts New York State near the bottom of the barrel when it comes to ideal places to do business.  According to "Site Selection Magazine" New York ranks last in terms of business tax climate, 47th out of 50 states in terms of small business policy, and 33rd in high school graduation rates.  It's a pretty dismal picture. 
The story of how Rochester is beating the odds and working to turn the state-wide numbers around.

The numbers tell the story of a poor place to do business.  The article in "Site Selection Magazine" does not show New York in a favorable light.  But there are shining examples of businesses up against those odds who are succeeding right here in our community.

"I don't think the numbers are where we want them to be as far as our competitiveness in business and our status on taxes and things like that.  The good news is, it's improving.   And, we're going up the ladder," said Mark Peterson, Greater Rochester Enterprise.

The Empire State ranked near the bottom in several categories that would typically deter business from coming here.

"It didn't happen overnight.  But we certainly have a too heavily regulated environment, which makes it difficult for businesses to grow and expand or to even understand how to do business in our state.  I also think we have a state that's too heavily taxed," said Peterson.

Governor Cuomo wants to enact sweeping tax cuts for businesses.  He says it will improve the state's business climate, attracting more jobs.  Local lawmakers and business leaders are so excited about the plan, they gathered today at Eastman Business Park to support it.  They point to the Park as one place that is up against the odds and beating them.  Capitalizing on the resources our community has that make New York and Rochester a ripe climate for business.

"We are encouraged by the changes in this.  And I can tell you, I'm competing with not just Buffalo and Syracuse for companies to come to Rochester but we're competing across the nation," said Mike Alt, Eastman Business Park.

Peterson hopes growth like this will help turn the numbers around.

"We're looking more at the future.  I can't change the past.  it takes a long time to turn a big ship like this around.  But the reality is, I think in the last couple of years, we have been making significant progress toward being a more competitive state for doing business," said Peterson.

47 companies now call the Eastman Business Park home.  And there's room for more.



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