Raymond J. Keating a Long Island-based economist and columnist with Long Island Business News provides the following op-ed in the New York Post.

“New York City is a lousy place to start up, run or invest in a small business, but city officials don’t seem to have a clue as to what to do about it.

Economic growth, innovation and job creation are overwhelmingly about entrepreneurs, along with the investors willing to supply capital to entrepreneurial ventures. According to the US Small Business Administration’s Office of Advocacy, small businesses created about two-thirds of net new jobs over the last decade and a half. But Mayor Bloomberg and the City Council have done little to lower the cost of innovating, building businesses — small or otherwise — and creating jobs.

Quinn: Proposing a way-too-timid fix.

In her Feb. 18 State of the City Address, City Council Speaker Christine Quinn talked up the high-tech economy. She said: “Now what does it mean to create an economy of innovation? It means attracting and investing in the kinds of high-tech companies that will grow into the major employers of tomorrow. Unfortunately, when it comes to new technology startups, New York City lags behind other parts of the country.”

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