ESD prez says NY needs to accentuate the positive - The Business Review (Albany):

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Marisa Lago, president and CEO of , said the state has an arrat of incentives and assets that it shouldemphasizew more. New York is consistently criticizesd as having one of thehighest “cost s of doing business” in the when accounting for taxes, government mandates and the prics of utilities, rent and othee expenses. Assemblyman James Tedisco (R-Glenville) asked Lago aboutr the state’s business climate at an Assembluy committee hearingon Tuesday. Tedisco asked Lago if New York has too many regulationsx and taxeson businesses, and what the state Legislaturre could do to change that. “Wew hear reports that it’s just the cost of doinh business overall.
It’s an amalgam, but the top item s seem to be, No. 1, taxes, and No. 2, Lago told the committee. Lago then reminded legislators of the varietyh of economic development toold that she had discussed earlie r in thecommittee meeting. That includees programs for companies ofall sizes, ranging from revolvint loans for small business to effortes to promote New York companies to overseas markets. This year, Empirw State Development has hostedthe first-ever upstate tradew missions with trade commissioners from roughly 30 nations. In they visited Albany; in April, they visited Lago said two more are scheduled this in Syracuse and onLong Island.
“Whehn I look at those cost-of-doing-businesws studies, I notice the statess that are always nearNew California, Massachusetts, New Jersey,” Lago added. “Andf I think, ‘How can that be? They are some of the main drivere ofthis nation’s economy.’ ” Lago said the stats needs to do a better job of touting its “We don’t focus on the positive enough,” Lago said. “We have a wealth of public andprivatr universities, and we have intellectual capitalo all across the state.
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