Quote:
Originally Posted by spence
Rochester is finally recovering from the damage inflicted by Kodak and Xerox both suffering dramatic downsizing. Their housing market is expected to be a top performer the next few years. I've been working with a number of high-tech companies in upstate NY, many are doing quite well.
A big problem with the unemployment situation is people who don't (or can't) retrain or relocate to find employment.
Right now we have a domestic workforce misaligned with the needs of global industry.
-spence
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huh???
Report:
N.Y. shows some economic gains, but recovery stallingBinghamton, Ithaca have lost 1,700 jobs combined
Feb. 2, 2012 |
Rochester, New York City and the Glens Falls areas did better than the state average, with Rochester recovering 98.1 percent of the jobs it lost. The report attributed Rochester's economic success to gains in professional and business services, but it warned that the recent bankruptcy of Eastman Kodak "could result in the loss of thousands of jobs."
While those numbers were generally positive, the average salaries of the jobs created in the past two years is more than 40 percent lower than the average salaries of the jobs lost during the recession.
Other findings
New York also has had the stigma of being unfriendly to business. The Tax Foundation, based in Washington D.C., last week named New York as having the 49th worst business climate in the nation -- ahead only of New Jersey.
"The combination of high property taxes, high income taxes, high corporate-income taxes and high sales taxes all create a toxic climate for attracting businesses and people in the state and keeping businesses and people in the state," said Scott Hodge, the group's president.
the governor apparently realizes this...
2/27 "the taxpayers are broke," said Cuomo. "And we can't keep raising taxes because we will continue to see businesses leave the state."
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