Bonacic: Senate Advances Economic Development Plan

John J. Bonacic

May 18, 2007

State Senator John J. Bonacic (R/I/C - Mount Hope) said the Senate has unveiled a comprehensive economic development plan targeting the lagging economy of upstate New York. The ten point plan will spur job creation and revitalize communities throughout upstate.

"Revitalizing our region’s economy and creating new economic opportunities for New Yorkers is a top priority," stated Senator Bonacic. "It is critical for us, as lawmakers, to dismantle the roadblocks that continue to stifle the economic growth upstate for the health and vitality of our communities."

The ten-point Senate plan includes provisions to:

Lower taxes for small businesses, manufacturers and key industries,

Reduce energy and promote energy independence,

Encourage emerging technology companies to do research and development in upstate,

Invest in critical state-of-the-art infrastructure,

Lower health care costs for small businesses, insuring more families,

Revitalize main streets,

Attract new manufacturing investments,

Create a one-stop business startup and support program,

Market the region’s recreational, cultural, and tourism opportunities,

Provide crucial workforce development programs.

"The Senate’s "Upstate NOW" plan needs to be implemented now. It is my hope the Assembly will join in our efforts to move upstate’s economy in the right direction," concluded Senator Bonacic.