Issues: Small Business

SQUADRON-SILVER BILL TO BRING BENEFIT CORPORATIONS TO NEW YORK BECOMES LAW

Squadron and Silver: New Type of Corporation Will Unlock Billions in Investments for New York, Change the Way New York Does Business

ALBANY – Last night, State Senator Daniel Squadron and Assembly Speaker Sheldon Silver’s bill to bring benefit corporations to New York was signed into law by Governor Cuomo, changing the way New York does business.

Benefit corporations will create a new industry of corporations with a "double bottom line" of profit and socially-responsible practices – unlocking billions in potential investments in companies that pursue a positive material impact on society and the environment.

"Benefit corporations will mean New York is open for business in an important new way. Benefit corporations will unlock billions of dollars in new investments in New York while empowering companies to do well and do good,” said Senator Squadron. “By offering this opportunity to entrepreneurs and investors, New York will bring new businesses into the state, new investors into the market and a new socially-minded approach for our entrepreneurs. I'd like to thank Speaker Silver for championing this bill in the Assembly, and Governor Cuomo for making benefit corporations law and making New York's economy stronger, more innovative, and more diverse."

December 13, 2011
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STATE SENATOR LEE ZELDIN JOINS GOVERNOR CUOMO FOR BILL SIGNING OF LAW REPEALING MTA PAYROLL TAX FOR OVER 700K TAXPAYERS

West Hempstead, N.Y. – State Senator Lee M. Zeldn (R, C, I- Shirley) joined his legislative colleagues and Governor Andrew M. Cuomo today as the Governor signed into law a new measure to eliminate the MTA Payroll Tax for approximately 80 percent of all employers currently paying the tax.

Last week, the Legislature passed a bill repealing the MTA Payroll Tax for 78.2 percent of all employers (over 700,000 taxpayers). In addition, thousands more will see a reduction. In addition to the 290,000 employers who will have their tax eliminated, 414,000 self-employed taxpayers will also see the MTA Tax repealed. All elementary and secondary schools, both public and private, will now also be completely exempt from the payroll tax.

December 12, 2011
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Economic Development & Flood Recovery Money To Help Rejuvenate Schoharie County

COBLESKILL - 12/12/11- State Senator James L. Seward (R/C/I–Oneonta) and Assemblyman Pete Lopez (R/C/I-Schoharie) joined with local officials and area businesses at SUNY Cobleskill today to focus on newly-awarded state funds aimed at rebuilding flood ravaged communities and strengthening job creation in Schoharie County.

In today’s briefing, Senator Seward and Assemblyman Lopez drew attention to over $5 million dollars for growing the county’s economy and to $50 million approved for flood recovery in Schoharie County and in other declared disaster areas across New York State.

December 12, 2011
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GOVERNOR CUOMO SIGNS LAW TO PROVIDE RELIEF FOR SMALL BUSINESSES THROUGH REDUCTION OF MTA PAYROLL TAX

In Nassau County, Governor Signs Legislation to Cut Taxes For More Than 700,000 Small Businesses and Self-Employed New Yorkers 

Governor Andrew M. Cuomo today traveled to West Hempstead, Nassau County, to sign a new law that will reduce the MTA payroll tax, providing relief for more than 290,000 small businesses and more than 410,000 self-employed New Yorkers. The tax reduction is part of the Governor's comprehensive plan, passed by the legislature last week, to create jobs and cut taxes for middle class New Yorkers, and revitalize the state's economy. 

December 12, 2011
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Inner City Youth Employment Program

News From New York StateSenator Shirley L. HuntleyFor Immediate Release: December 12, 2011Contact: Antonio Rodriguez | arodrigu@nysenate.gov | (518) 455-3531

*PRESS RELEASE*

Senator Shirley L. Huntley Announces Passage of Inner City Youth Employment Program

Senator Shirley L. Huntley (D-Jamaica) announced the passage of a new Inner City Youth Employment Program and Tax credit initiative for the State of New York. The new bill (S. 50002) establishes an $87 million program in grants, training funds, and tax credits to deal with the crisis of inner city youth unemployment.

December 12, 2011
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LEARN MORE ABOUT THE FUNDED REGIONAL PROJECTS ACROSS THE STATE

Created by Governor Cuomo, the Regional Economic Development Councils represent a fundamental shift in the state's approach to economic development - from a top-down development model to a community-based approach that emphasizes regions' unique assets, harnesses local expertise, and empowers each region to set plans and priorities.

December 9, 2011
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LEARN MORE ABOUT THE REGIONAL PROJECTS ACROSS THE STATE

Created by Governor Cuomo, the Regional Economic Development Councils represent a fundamental shift in the state's approach to economic development - from a top-down development model to a community-based approach that emphasizes regions' unique assests, harnesses local expertise, and empowers each region to set plans and priorities. 

December 9, 2011
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GOVERNOR CUOMO ANNOUNCES $785 MILLION IN ECONOMIC DEVELOPMENT FUNDING THROUGH REGIONAL COUNCILS

Mid-Hudson Region (which includes Dutchess County) will receive $67 million and the Capital Region (which includes Columbia County) will receive $62.7 million in competitive grant monies earmarked for economic development and job creation.

Governor Andrew M. Cuomo today announced that $785 million has been awarded through the Regional Economic Development Council initiative, continuing the Governor's efforts to redesign the way state government works in order to drive economic growth and create jobs.

December 8, 2011
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SENATE PASSES $3.3 BILLION TAX CUT & JOB CREATION PLAN

Bill Cuts Taxes for 4.4 Million New Yorkers; Repeals MTA Payroll Tax for Most Businesses; Reduces Taxes on Manufacturers; Invests in Job Creation & Retention

(12/07/11) - The New York State Senate today passed the Middle Class Tax Cut and Job Creation Plan that will reduce taxes for millions of hardworking, middle-class taxpayers to their lowest levels in more than half a century. In addition, the comprehensive plan will help strengthen our economy and create new jobs by eliminating the job-killing MTA payroll tax for more than 78 percent of the small employers that pay the tax. The plan will provide a total of more than $3.3 billion in tax relief to individuals and businesses.

December 8, 2011
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SQUADRON TO GOVERNOR: INVEST IN BQE REHAB, CITY TECH, ENERGY EFFICIENCY

Following Bill's Passage, Squadron Asks Governor to Invest New York Works Infrastructure Fund in Brooklyn, Lower Manhattan

Squadron Applauds Passage of Programs He’s Long Championed: Summer Youth Employment, Career Pathways

ALBANY – Following the state legislature’s passage of legislation aimed at creating jobs and growing New York’s economy, State Senator Daniel Squadron asked Governor Cuomo to invest part of the New York Works Infrastructure Fund in key projects in the 25th Senate District: the rehabilitation of the Brooklyn Queens-Expressway (BQE), an incentive program for Lower Manhattan businesses to increase energy efficiency, and a new academic center at New York City College of Technology (City Tech).

December 8, 2011
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Special Session Produces Tax Cuts, Job Creation Incentives, Flood Relief

ALBANY, 12/07/11 – State Senator James L. Seward (R/C/I – Oneonta) today applauded the Middle Class Tax Cut and Job Creation Plan which helps rejuvenate the upstate economy and includes special state funding to assist flood devastated communities.

“This plan means lower taxes - $690 million worth – for hard-working, middle class New Yorkers, the backbone of our communities. That’s money that will now flow through our local economy and create jobs. At the same time, we are cutting taxes for manufacturers helping them create additional jobs and continue to drive our economy forward,” Seward said.

December 7, 2011
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Extraordinary Session Keeps Senator Kennedy from Attending Business Symposium, Sends Video Message from Albany

Senator Kennedy was not able to attend the Business Symposium -- which he held on Thursday, December 7 -- in person because Governor Cuomo had called for the State Legislature to return to Albany Wednesday for an extraordinary session. After making the commute across the I-90 to Albany Tuesday night, Senator Kennedy sent video remarks from the State Capitol in a recorded message posted to YouTube and played at the Symposium. In this video, he discusses the work that's been done and the plans moving forward related to job creation and economic development.

December 7, 2011
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Senator Kennedy Hosts ‘Business Symposium’

Local Business Owners Gather at Outreach Event to Gain Access to Programs and Opportunities Available.    

Extraordinary Session Prevents Senator from Attending Symposium, Sends Video Remarks from Albany.

December 7, 2011
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The Middle Class Tax Cut and Job Creation Plan

In stark contrast to the gridlock in Washington D.C., the Senate Republican Majority has worked together with Governor Andrew Cuomo to accomplish major changes and positive reforms this year.  The new Middle Class Tax Cut and Job Creation Plan will build on these successes by cutting taxes for hardworking middle class families, and helping to create new private sector jobs. 

File: 
MIDDLE-CLASS-TAX-CUT-AND-JOB-CREATION-PLAN_overivew[1].pdf

December 7, 2011
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A STATEMENT FROM THE BUSINESS COUNCIL ON LEADERS' COMPREHENSIVE DEAL

“The Business Council commends Governor Cuomo, Senate Majority Leader Skelos and Speaker Silver for coming to a bipartisan agreement that will encourage job creation and economic development, reduce the tax burden on middle-income New Yorkers and small businesses, and assist those communities devastated by Hurricane Irene and Tropical Storm Lee. Additionally, the proposal to reduce the tax rate for corporate manufacturers will help an industry that has experienced a steep decline in employment.

December 6, 2011
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GOVERNOR CUOMO, MAJORITY LEADER SKELOS & SPEAKER SILVER ANNOUNCE COMPREHENSIVE PLANS TO CREATE JOBS AND GROW THE ECONOMY

Governor Andrew M. Cuomo, Senate Majority Leader Dean Skelos and Assembly Speaker Sheldon Silver today announced that they have reached a proposed three-way agreement on legislative and executive proposals to create jobs and cut taxes for middle class New Yorkers. The agreement includes support for a comprehensive New York Works Agenda that will create thousands of jobs with new investments in New York's infrastructure, passing a fair tax reform plan that achieves the first major restructuring of the tax code in decades resulting in a tax cut for 4.4 million middle class New Yorkers taxpayers, approving $50 million in additional relief for areas devastated by recent floods, and reducing the MTA payroll tax to provide relief for small businesses.

December 6, 2011
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GOVERNOR CUOMO ANNOUNCES THE REGIONAL ECONOMIC DEVELOPMENT AWARDS

Governor Cuomo will be announcing the Regional Economic Development Awards on Thursday, December 8, 2011 beginning 9:30 AM in the Hart Theatre, Egg Center for Performing Arts in Albany. 

December 5, 2011
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SENATOR SALAND RANKED AS TOP "PRO-JOBS SUPPORTER" BY STATE BUSINESS COUNCIL

The Business Council of New York State named Senator Steve Saland (R, I, C - Poughkeepsie) as one of the top pro-jobs supporters in the state legislature as part of its 2011 Voters’ Guide. 

The Business Council of New York State recently released its 2011 Voters’ Guide, which measures New York State Legislators’ commitment to improving the state’s economic climate and performance by scoring their support for key business legislation during the 2011 session. 

December 5, 2011
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