As New York continues to recover from the current economic downturn, everyone agrees that our economic success depends on the success of our small businesses. To assist the many men and women across our area who build these job-creating enterprises, I wanted to make sure that everyone was aware of a new resource that will assist them in their efforts.
Senator John Flanagan (2nd Senate District) joined with the other members of the Senate Republican Conference to announce legislation to create thousands of new jobs and turn around the state’s economy. The jobs proposal would provide tax credits to businesses that create new jobs, eliminates the state corporate franchise tax for small businesses, and rolls back the personal income tax surcharge that hit small businesses last year.
Senator John Flanagan (2nd Senate District) was recently given a top score on the job creation scorecard released by the Business Council of New York State. The Business Council recognized Senator Flanagan for consistently voting to protect small businesses across the state from increased taxes and out of control state spending that were proposed and passed by Senate Democrats.
Senator John Flanagan (2nd Senate District) is informing the community that the New York Bankers Association (NYBA) and the New York Business Development Corporation (NYBDC) have agreed to establish a $10 million small business emergency loan fund to provide immediate financial assistance for businesses impacted by Storm Sandy.
Senator John Flanagan (2nd Senate District) joined with his colleagues in the Senate Republican conference today to announce a bold and sweeping job creation plan to improve New York’s business climate so it not only keeps up with other states, but surpasses them. Among other things, the “Senate Republican Blueprint for Jobs: ReThink. ReVitalize. ReBuild” would cut taxes for one million small businesses and reduce energy costs for every business and residential ratepayer in New York, saving them $2.5 billion.
Senator John Flanagan (2nd Senate District) announced that the New York State Senate recently passed his legislation to direct more state economic development funding to small businesses enabling them to become more economically competitive, grow, and create more jobs. The bill (S1530) would require state agencies that award economic development assistance to give preference to small businesses and entrepreneurs because they are most in need of assistance and are significant job creator