The answer is yes, according to Governor Andrew Cuomo, the Westchester County Association (WCA), and the Business Council of Westchester (BCW)—all of whom have touted the recently passed $138-billion bipartisan budget’s appeal to the Westchester business community, and the state at large.
Gov. Cuomo gave his 2014 budget presentation and discussed his plans for economic development at a special event hosted by WCA on April 9 at the Westchester Marriott. During his presentation—his only budget address to Westchester’s business community—Gov. Cuomo discussed his efforts to build New York’s economy and create jobs for the 21st century.
During the presentation, Gov. Cuomo stressed the following points:
WCA President Bill Mooney singled out his organization’s plans to collaborate with the Governor on supporting growth in the health tech sector—a rapidly growing industry in Westchester County—as particularly exciting. “He has done a tremendous job for the State of New York, and we are eager to further collaborate with him to renew economic prosperity in the region,” Mooney said.
The Business Council of Westchester (BCW) has also given its seal of approval to Cuomo’s budget, because of its provisions to lower taxes on businesses and control state spending while investing hundreds of millions of dollars in economic development and job creation initiatives.
“Lowering taxes on manufacturers, phasing out the temporary utility tax and setting aside hundreds of millions of dollars for Regional Economic Development Councils are all sound strategies for improving the economy in New York,” said Dr. Marsha Gordon, BCW’s President and CEO, in a recent statement. “This on-time and bi-partisan budget shows that when it comes to keeping our fiscal house in order and maintaining a strong bond rating, New York really means business.” (This is the fourth consecutive time the New York Senate and Assembly passed an on-time budget.)
What other good news does the budget contain for Westchester businesses? Gordon and BCW endorse the following provisions: