Late Monday night, the U.S. Senate passed a bill which permits states to collect sales tax on goods purchased on the Internet. USA Today published a map that shows the estimated uncollected taxes (in millions) from online purchases in 2012, by state. It shows New York had $865.5 million in unc0llected taxes, the third most after California, $1.9 million and Texas, $870.4 million. The measure could have a large impact on the ability of small online retailers to grow.
Click here for more details, including the effect on small and large businesses should the House follows suit and votes to allow the tax.
The following beers were chosen the best of the best during the Tap New York Craft Beer and Fine Food Festival held in Hunter Mountain in Greene County.
Check the list of winners and see whether you imbibed the best of the brew:
The Best Craft Beer award when to Higher Standard Imperial IPA, brewed by The Peekskill Brewery.
The Best Craft Beer Brewery award went to Sixpoint Brewing Co., Brooklyn, NY.
Best Individual Craft Beers in New York State:
Silver Medal: Chocolate Porter – Horseheads Brewing, Horseheads, NY
Bronze Medal: Silver Anniversary Lager – Brooklyn Brewery, NY
The Best Craft Beer in the Hudson Valley award went to Lake Placid Pub & Brewery , Lake Placid, NY.
Best Individual Craft Beers in the Hudson Valley were:
Gold Medal: Saratoga Lager – Olde Saratoga Brewing Co., Saratoga Springs, NY
Silver Medal: Mendocino Imperial Stout – also produced by Olde Saratoga Brewing Co.
Bronze Medal: Got Your Back Stout – The Beer Diviner, Cherry Plain, NJ. New Jersey?
The Medical Society of the State of New York represents approximately 30,000 licensed physicians, medical residents, and medical students in New York State. MSSNY is a non-profit organization committed to representing the medical profession as a whole and advocating health related rights, responsibilities and issues. MSSNY strives to promote and maintain high standards in medical education and in the practice of medicine in an effort to ensure that quality medical care is available to the public. http://www.mssny.org
CTG develops innovative IT solutions and services to address the business needs and challenges in several higher-growth industries including healthcare, energy, and technology services. They are a leading provider of IT and business consulting solutions to the healthcare market, as well as managed services IT staffing for major technology companies and large corporations. http://www.ctg.com
Standard Solar provides solar electric solution and have completed over 1000 residential and commercial projects installed to date and are one of the most experienced solar companies in the country. They employ the most NABCEP certified engineers, installers, and electricians to ensure the utmost in our dedication and quality of work. http://www.standardsolar.com
The Hilliard Corp. is a World Leader In Motion Control And Filtration Technology and is located in Elmira, NY Since 1905. The Hilliard Corporation offers a broad line of motion control products, oil filtration and reclaiming equipment, starters for industrial gas, diesel engines and gas turbines, and plate and frame filter presses used in the food and beverage industry. http://www.hilliardcorp.com
Thank you all, for joining The Business Council!
Governor Cuomo invited Heather Briccetti to join him for the Tourism Summit being held at the Hart Lounge in Albany. It begins at 10:30 a.m.
Governor Cuomo believes the upcoming summit can be as successful as the yogurt and wine and beer summits he held last year.
“Our summits have produced real results for other industries, cutting red tape and making it easier to do business here in New York,” Cuomo said.
The tourism industry is the fifth largest employer in New York, supporting more than 694,000 jobs.
Long-time Business Council member Kodak reported $283 million in consolidated net earnings in the first three months of 2013, compared to a $366 million loss in the prior-year quarter.
The profitable quarter reflects improved results of the Commercial Imaging segments and includes a $535 million gain recorded on the sale of Kodak’s digital imaging patent portfolio, partially offset by a $77 million non-cash goodwill impairment charge related to the patent sale.
“These results demonstrate that we are on track with our strategy to focus on Commercial Imaging, and that we are making operational improvements as Kodak takes the right steps to emerge as a profitable and sustainable company,” said Antonio M. Perez, Chairman and Chief Executive Officer. “We have the right strategy and the right technology and products to extend our leadership in the industry.”
This is truly an interesting Made in New York story. Buffalo-based furniture maker replicated much of the Oval Office furniture at the newly-opened George W. Bush Library, wrote David Robinson of The Buffalo News. Robinson writes that Kittinger has a long history of providing furniture for the White House.
Click here to read more.
Business Council member Destiny USA keeps on growing, this time with help from a international retail group, reports Kevin Tampone of Syracuse.Com (The Post-Standard). The eight stores are all new to the U.S.
Click here to get the list of new stores and what they carry.
This comes under the heading of good news: In a release sent out this morning, Governor Cuomo announced that Corning Incorporated will invest nearly $250 million for a 94,000 square-foot facility of its diesel plan in the Town of Erwin (Stueben County). That investment will result in the creation of 250 full-time jobs and the retention of 500 positions.
“The expansion of this facility is great news for New York – a testament to our world-class workforce and further proof of our ability to compete for global jobs and business,” Governor Cuomo said. “We are extremely pleased that Corning has decided to make a major investment to expand their capacity here in Erwin, and look forward to them growing and thriving in the region.”
Click here for more details.
The National Association of Purchasing Management said business activity at factories in the Buffalo Niagara region moved into growth territory in March, wrote David Robinson of The Buffalo News. However, manufacturing growth was “tepid.”
Click here to read more.
In his column this morning, Bill Hammond of the Daily News looked at Governor Cuomo’s latest ads which say that New York’s economy has “created tens of thousands of new businesses.” Click here to read his commentary.