Gov. Kathy Hochul [recently] outlined the state’s FY 2023 executive budget, which commits to investing in some of our state’s most pressing needs. Likewise, the priorities outlined in the governor’s State of the State will better position New York to be more competitive and accelerate economic growth as we emerge from the pandemic. Tax relief for small […]
Gov. Kathy Hochul [recently] outlined the state’s FY 2023 executive budget, which commits to investing in some of our state’s most pressing needs. Likewise, the priorities outlined in the governor’s State of the State will better position New York to be more competitive and accelerate economic growth as we emerge from the pandemic.
Tax relief for small businesses, rebooting the state’s workforce-development initiatives, and large infrastructure investments will deliver immediate and long-term dividends. New York State must also be ready to compete for new opportunities that will emerge across the country as companies re-shore operations and develop new assets within the U.S. We believe the state’s plan will drive impact.
Many of Hochul’s priorities also align with CenterState CEO’s annual legislative agenda, which sets the organization’s state and federal legislative and policy priorities for the year. Our priorities for 2022 are developed with input from the CenterState CEO’s Government Relations Committee and reflect issues identified by members, as well as key initiatives under consideration in Albany and Washington, D.C. The top five issues we are tracking, in addition to others, include the following.
Accelerated preparation of New York’s shovel ready development sites: New York State must be ready to meet market demand for siting new manufacturing facilities. CenterState CEO supports renewed investment in identifying, planning, and infrastructure for the state’s top development sites.
U.S. Innovation and Competition Act / CHIPS for America / The FABS Act: Central New York is well prepared to meet this need, however, passage of this legislation is crucial to domestic expansion of the semiconductor industry. CenterState CEO supports this vital legislation.
Climate Leadership and Community Protection Act implementation: CenterState CEO advocates for market-based solutions, supports energy-intensive and trade-exposed industries, and urges tools to promote and fund New York–based environmental-technology innovations.
New York State Historic Rehabilitation Tax Credit: CenterState CEO supports expansion of eligibility for this credit to include all central business districts in municipalities with fewer than 1 million residents.
Antitrust reform: CenterState CEO opposes legislation that proposes to change New York’s current antitrust standard from “monopolistic behavior” to an “abuse of dominance” standard.
In addition to these issues, CenterState CEO’s legislative agenda also communicates the organization’s mission and strategic principles with elected and administrative officials on behalf of our members. Our region is incredibly well positioned for economic growth in the year ahead. I believe these priorities, as well as many of those outlined by the state, can help accelerate the opportunities and impact the challenges our members face.
Robert M. Simpson is president and CEO of CenterState CEO, the primary economic-development organization for Central New York. This article is drawn and edited from the “CEO Focus” email newsletter that the organization sent to members on Jan. 20.