Congressman Tom Reed says he’s pleased to see new York Governor Andrew Cuomo work toward bringing in new business to the state, but he also says the governor and state lawmakers still needs to do more to help businesses already in operation.
Reed made his comments in response to the the governor announcing the Tax-Free NY program two weeks ago. During the June 3 conference call with local media, WRFA asked the congressman to offer his thoughts on the governor’s business and job development plan.
“I am pleased to see the governor promoting a reduction of taxes in New York State as a means to attract businesses, Reed said, but added, “The main concern I have in regards to the proposal as that we also need to make sure we are also protecting our existing businesses in New York State. One of the things I can see as a problem with the governor’s proposal is that it is more designed to attract new businesses. As we talk to numerous small business owners and business owners that are here, investing in New York, we should be focusing on all businesses, new and old. I think the proposal has a lot of merit, but I think we need to have a bigger conversation about expanding it even beyond new businesses and targeted locations across the state on university grounds. and really adopting a policy of pro-growth, business-encouragement legislation that would mean lower taxes for all businesses.”
The governor’s plan is aimed at getting new businesses to set up near college campuses across the state by offering tax-free incentives. Lt. Governor Bob Duffy will be in town on Thursday morning to give specific details of the plan to members of the Jamestown business community. The plan must still be approved by the state legislature prior to going into effect.
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