The National Dialogue on Entrepreneurship provides a link to a set of recommendations on how to improve New York's entrepreneurial climate.
If you look at economic statistics from the past decade, upstate New York has regularly ranked near the bottom in terms of new job creation and economic dynamism.
The report, Creating a State of Innovation: Unleashing the Power of New York’s Entrepreneurial Economy, was issued by State Assemblyman Joseph Morelle.
Mr. Morelle cites some interesting statistic. His report says that traditional tax incentives in New York have created only 10% of new jobs. He also says that "electoral politics can distort tax incentive economic development." While not earth-shattering news, it is refreshing to hear at least politician admit that most economic development efforts are more about getting votes than making any lasting impact on the economy.
What does he recommend? He calls for lower taxes, less regulation, and improved education to support entrepreneurs and their workers. While he is right on the mark with his plan, I am not holding my breath for any meaningful reform in New York.
