Election of Cuomo elicits congratulations and hopes from NY Business Council



Following Tuesday's election of Andrew Cuomo as governor of the state of New York, the Business Council of New York State released a statement congratulating the former state attorney general, while also urging a budget policy that favors private sector job growth.

The council also urged the governor-elect to limit state spending and lower tax burdens on businesses and households - a measure that the Business Council sees as vital for economic prosperity.

"Putting together a budget that responds to the deficit but leads to private sector job growth is going to be the challenge," said Kenneth Adams, president and CEO of the Business Council. "The urgency of the economic crisis facing New York state demands immediate preparation."

"The Business Council endorsed Andrew Cuomo because he supports our fiscal reform agenda," he added.

Last month, the Tax Foundation ranked New York as the worst state in the country for business tax liabilities. With the election of Andrew Cuomo, many hope to see New York state become a more friendly environment for launching an LLC or corporation.

Tags : ny, operations, small business management, taxes
Posted: Nov 3rd, 2010
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